exempts the taxable service received by an exporter of goods (hereinafter referred to as the exporter) and used for export of goods (hereinafter referred to as the said goods), of the descriptttion specified in column (3) of the Table below (hereinafter referred to as the specified service), pertaining to sub-clauses of clause (105) of section 65 of the said Act specified in the corresponding entry in column (2) of the said Table, from the whole of the service tax leviable thereon under section 66 and section 66A of the said Act, subject to the conditions specified in column (4) said Table, namely:-


2 zzb) Service provided by a commission agent located outside India and engaged under a contract or agreement or any other document by the exporter in India, to act on behalf of the exporter, to cause sale of goods exported by him.

The exemption shall be limited to one per cent of the free on board value of export goods for which the said service hasbeen used.

The above notification is not clear to interprete, say when 3% commission is paid, whether we can claim exemption on 1% and pay service tax on balance 2% .

whether transaction of directors having less than 2% holding but have substantial interest in company shall be disclosed in register maintained u/s 301?

if someone incurred expense to generate income from lottery & puzzles .Can he claim deductions for the expenses that he bear
eg. Rs.150000 is income earn from puzzles but expenses are Rs. 100000 .What will be the taxable income in this case

Dear Sir/Madam,

Till March 2009 I was working in an organisation as an employee and I am also serving as a Director in a company. Company was deduting Profession tax from my salary. I would like to know following:
1. Shall I am eligible to pay profession tax as a direcor, when I am an employee of one organisation and they are deducting profession tax from salary?
2. From April 2009 I am working in the same organisation as a consultant and I am also continuing with the directorship in another company. What steps shall I take to comply with the law.

Kindly guide.

Regards,

Vijay

Dear Sir,

Kindly let me know the servicetax is applicable to an workorder or not. If the workorder is considered as consultancy charges what isthe percentage of TDS.(whether service tax is to be calculated for the workorder or Not for this). If anybody knows the tds percentages for subcontract,contract etc. your reply is highly solicitable


M.v.chandran
09246298967

PLEASE PROVIDE ME CHART OF INCOME TAX
RATES FOR A.Y 2010-2011
FOR INDIVIDUAL, PARNERSHIP FIRM, HUF & CORPORATES

I want to transfer a file of a limited company from Kolkata to Delhi, the file is under scrutiny for which notice has received, how can i transfer the file and what is the procedure.

Whether Long Term Capital Loss on sale of unquoted share can be set off against Long Term Capital Gain on sale of land.

what is annuity factor?
multiplying with just annual instalment one can get the full cash price...what is logic?

asking through example.
suppose MRP value 21500 less abatment 38% hence assable value RS 13020/ excise @14% i.e.1822.80 is taken correctly but due to system problem assable value is shown in invoice is 12800 add duty amount as above i.e. 1822.80 =14622.32 is recovered frm customer is as above..
is it proper treatment...? since duty amount is correct as per MRP rules but invoice price recovered from party is different .