One of my client being a private limited co.has issued shares to Directors HUF. For Example suppose there are 3 Directors i.e.Mother & their 2 Sons & each has formed their own HUF. First of all whether the same is valid as per Companies Act or not so far shareholder as HUF is concerned

Secondly if after becoming as Shareholder in the Status of HUF whether the Co.can take unsecured Loans from such HUF's as shareholder & can pay interest thereon.

If yes then the same is admissible as business expenses or not from Income Tax Point of view or any restrictions as per I.T Act as well as Companies Act point of view.

Dear Sirs,

Please advise me if employee has two rented house one is for his spouce reciding at delhi and one is for himself reciding at baroda. If employee provides house rent paid receipt for both rented house then can it be allowed in deduction while computing his tax liability ?

On a visit to a Bar in Delhi, we were charged service tax @ 4.944% on the ENTIRE BILL and not just on the service charges.

eg.
Liquor consumed : Rs. 2380
Food : Rs. 1415
VAT on Liquor @ 20% : Rs. 476
VAT on Food @ 12.5% : Rs. 176
Service Tax @ 4.944 : Rs. 206
Service Charges : Rs. 379

Isn't service tax only payable on service charges and not on the entire bill? Can anyone please clarify with the details

In Maharashtra in case of a co-operative Society (NOT ENGAGED IN ANY BUSINESS):

Is Profession tax required to be deducted & paid from the salary of their workers crossing the limits?

And is PT reqd to be paid of Co-operative society itself ?

Note : I am referring to co-operative society as the society in which we stay. It is not conducting any business.

urgent..............

Urgent.

ours is a partnership firm registered under service tax after 1-7-12 under other then negative list.
by circuler dt.21-11-12 dept.wants that we should pay serv.tax under heads applicable to us.
ours is firm doing business of website designing, facebook page making, face book fan generating,google ad word etc. under which had we should pay serv.tax collected from client.

Thanks in advance
jayesh

Whether PF will be deducted on basic pay or earned salary.

hw cn i find job in public sector? m pursuing ca final n is public sector better option than private?

We are paying service tax on reverse mechanism on taxi hire, construction by sub contractor, landscaping work, security service , bore well work , and construction work.
We want to know is it ok to deposit in code1089 including all CESS’s in this code.

This code is for taxable services other than negative list

plz guide
how about preparing for bank PO after becoming chartered accountant.

dear all

please clarify the following

does it mean that ‘HEALTHCARE SERVICE’ is also under 12% Service Tax again? as it is not specified in ‘negative list’