Please answer the rate of interest applicable:

1. The service pertains to FY 2010-11 when interest for delayed payment was 13%
2. Service tax has not been paid yet on the above mentioned service
3. If service tax on the above service is being paid now (i.e FY 2012-13), when interest rate is 18%, then what is the interest rate applicable on such delayed payment? 13% or 18%?

Dear Experts,

please let me know TDS deduct or not ?

as
we will make provision of directors remuneration Rs. 12.00 lac on 31.03.2013

Director’s remuneration … A/c ………………..Dr To Director’s remuneration payable…….Cr

in april'2013 we will pay to our director remuneration for the f.y. 2012-13

in march tds deduct and deposit ?

or in april 2013 when we issue cheque to our director ?

please guide

is reverse charge applicable on hiring vehicles for delivering newspapers by print media?

Dear Sir

This is with reference to TDS on purchases of Microsoft Licenses, following are details :

Basic .. Rs.1000000


Service tax @ 12.36% on basic .. Rs123600


Vat @5% on basic+ser tax.. Rs.56180

Total .. Rs.1179780


You are requested to advice whether TDS needs to be deducted for the above transaction and under which section and on what amount.

My father is 40% blind & depend upon me can i get the exemption u/s 80DD & 80U both. pls guide

Dear sir
The Form 16A for Q1, Q2 & Q3 is being downloaded for issue only now.
As per latest utility for conversion from txt to pdf, the date of issue is being taken automatically as per the system date.
Since this date would mean a delay in issue, what will be the effect due to delay in issue of Form 16, especially for Q1, Q2 & Q3 of FY 2012-13 (AY 2013-14)

Dear sir

We have paid TDS through bank on salaries, profession fee and contractors. We have paid the balance amount to above parties. My question is whether the TDS amount is taken as expenses in profit and loss account are not.

Friends please tel me
My company submitted return for the A Y 2011-12 ( F Y 2010-11) within due date .

company paid tax as per MAT U/s 115jb
29.09.2011 entire tax amount in a single payment without any payment of Advance tax etc..with out calculation of interest on that tax liability.

Is it company required to pay Interest U/S 234 B & C please suggest me .

Tax payable Rs. 244983/- including secondary & higher education cess

I had taken a company car registered in Bangalore. Since i am leaving the company, i want to buyback the car from the company on WDV. Now company says i have to pay 14.5% VAT on WDV for buyback in my name. Kindly clarify whether the same is applicable, since i have already paid all taxes during purchase of the vehicle.

DEAR SIR

SIR WHAT IS THE NOTIFICATION NO. ON GOODS TRANSPORT BY ROAD (ON WHICH 75% ABATEMENT CLAIMED & PAY SERVICE TAX ON ONLY 25% VALUE UNDER NEW RULE REVERS CHARGE MECHANISM.

THANKS & REGARDS