If the service tax department has issued the notice under section 77 (c) for the clarification of the payment made to a contractor towards construction contract and if the party does not reply within period allowed what are the consequences.

Is there any chances of getting waiver of penalty applicable.

IS the TDS towards VAT in case of works contract an expence to the contractor? whether it be allowed in computation of taxable income of the assessee for the year?

I submitted this question 30 hrs before. i could not get reply. i think question is not understood. so this details
We are pwd contractor and get contract reciept(sales) from govt for work done. In said contract receipt they deduct 2% to 4% towards TDS VAT as agreed upon. Is this an expence for us? can it be claimed as an expence in computation of our taxable income of the year?

MY Assessee has 6 trucks, is he applicabile to sec 44AE.

Hi

I completed my CA training just 3 months back & joined a MNC on a handsome package in Chandigarh.

Now I am thinking about leaving the job & starting Practice in Chandigarh.
Can you plz suggest me if its worth to leave job for Practice??

Also People says that Practice will definately run good if I keep patience.
In case Practice does not get successful & again I have to do job, will I be having same worth in market as I am having today?


Regards
CA. Paras Gupta

WOS of a US company has incurred share transfer expenses on behalf of Parent Company. The expense does not relate to Indian company. It has to be definitely debited to the US parent company. But, how could we do it? Is it by way of raising a Debit Note or is there any other mode? If invoice is to be raised for the same, is margin to be included as per Transfer Pricing?

The issue is pending since long. Could you please give us the best recourse .

Dear Sir,
We are to provide laiason and logistic support services for a foreign company.
a) Can we raise an invoice in USD to the foreign company.

b) Is service Tax @ 10.3% applicable.

Regards
S. Anand

We have paid TDS for the month of mar 09 for Rs.20000/- under section 194A.But in the payment challan we have wrongly mentioned 94H instead of 94A.In that situation what we do.

Education Allowance and Tution Fess both are taken as exemption under one return?

Suppose I have a bill with service tax.
Service charge AAA
Service tax @10.30% = BBB

[ Cess has not shown separately in bill].

If I book the bill in the same way and cess not book separately... is there any problem?

Separately booking of cess is mandatory or not?
If I book cess with service tax basic amount but shown service tax basic amount and cess separatly in service tax return then what will be the result?

Can Indian company purchase of agriculture land in India. Is there any procedure for the same. Pls inform me as early as possible

Thankig you

Rakesh R Kabra
9370310873