whether TDS is required to be deducted on transaction charges paid to bank for credit card payment accepted by merchants from there customers.
further as CA PARAS BAFNA commented on 11 feb 2013 regarding the same query where he states that there is notification wrt which there is 7 types of payments to bank are exempt from TDS liability and that 7 types also includes transaction charges which i mention above.
please provide me with that notification number as i can quote that notification number in the appeal.
thank you

we are in hotelling business, our per day tariff is 15000 per month I.e. 500 per day effectively, our
turnover for f.y. 2012-13 is more than 10 lakh, so, exemption notification issued in july 2012 under
service tax will be applicable to me? and if yes should I take registration and then claim exemption
in that or not required to take registration?

Dear experts

What is the accounting treatment for "Apartment Owners welfare Association".

The association will collect the money from Apartment owners and spends for Water Charges, E.city Charges and Other Maintenance charges.

At the end of the year they may have the surplus amount, is that amount is taxable ?
(P & L Account or Income and Expenditure Account)

And they are having Savings account on association Name they and they are receiving bank interest for that,what is the Tax Rate for that Interest portion.

Kindly help.

Whether Contribution to ESIC by Employee is eligible for deduction from salary while calculating tax?

Dear Sir/madam

Please clarify whether lease and sub-lease will be treated same as per Section 269UA(f) of the Income Tax Act. Also, whether lease and sub-lease will be treated same as per Section 2(47) of the Income Tax Act.

If any case law is available, please arrange to provide.

Thanks & Regards

Ashutosh

Mr.X is engaged in export of service to various countries, He receives Foreign exchange what are the law he has to complied with?

Kindly Guide me on above issue.

-Priya

Hi,

Our Organisation has taken some tractors on rent from a govt. organisation in MP.

The query is, are we liable to deduct tax at source from the payments so made?

We are yet to figure out if it's a corporation established under central act.

Dear Sir/Mam,

When a partner introduce a land (which is registered in his own name)in partnership firm as his capital contribution then what are the procedures to do so. IS section 50C applicable on the same? If land is required to be registered in firm's name then whether stamp duty value of the land will be considered?

Thanks

A company engaged in service industry earns marginal profits from sale of goods. How to calculate the reversal of cenvat credit on the same ?

Dear expert,
how do we define professional servise under income tax for the purpose of tds. does teaching comes under professional servcie.
thanks
anil