Amt paid to Sports Turnaments (Guj.) is it Exempt from tax amt.? under which act.?
Plz guide-Urgently.

Bharati

we are a mfg unit regd under CE (availing full cenvat on inputs and also charging full excise on finished goods).
we pay service tax on various input services' bills like BSNL Telephone bill, courier bill, ISO Audit fee's bill, general insurance premium on factory bldg, machinery and stocks, legal & prof. charges bill (all bills in the name of the company).
we also pay service tax on inward freight, availing abatement ( on 25% of freight value).we have taken service tax regn no. only for this.
Now, (a) can we take credit of service tax paid on other input servicesas mentioned above-if we avail abatement on paying service tax on inward freight ? (b) can we take cenvat credit in excise for service tax paid on inward freight ?
seeking your advice with relevant rules / notification / judgements etc.

regards
anckoora

Can any post the circular or link where it is mentioned that service tax input can be taken only on those services which are liable for output tax???

Hi,
If the house property is self occupied & it is owned by both Husband & wife. They both are paying interest on laon taken for HP. Can they both avail the deduction of 1.5 lacs each for the interest part if the interest paid in PY exceeds 3 lacs.


Sandeep

Can anybody pls tell me if we will be asked questions about service tax of certain specific services in PCC.
Last time there was question of option for insurer to pay servicetax at special Rate. Such questions are they stopped?
There was some unclear information in the newsletter that questions wont be asked about individual services

Please reply.
Thank u

Hi

If an assessee has tax audit u/s 44AB. is he is liable to file compulsory TDS return for each qtr. Even if no transaction are there, is he is liable to file NIL return.

Can u give me any circular, notification in this regards.

Anwar Shaikh

If a company made some expenditure on making a new cabin in the companeies premises then what will be the nature of this expenditue capital or revenue????/

Pls guide me whether i will be able to pay service tax on incoming material or not in both cases. Whether vendor is charging tentative cost of freight or getting reimbursed of freight paid by him.

In case of a partnership firm which is evidenced by a deed, there is a clause regarding the maintenance of books of accounts in the deed. If the firm does not maintain books of accounts and files return u/s 44AD declaring 8% profit after deducting interest and remuneration then can the AO reject the claim of interest and remuneration on the basis of the reason that the books of accounts have not been maintained by the firm and it is a violation of the clause in the deed

Sir which authority in my state should i approach to know whether a particular agriculture land is rural as per income tax act??(j&k state)