Hi

My sister has just started a recruitment consulting firm as a proprietor. She has already registered with service tax deptt.
In the last financial year, she managed to earn Rs 2 lacs on which she had even collected the service tax as per the rules. But now she got to know she does not need to pay service tax if the total income doesn't exceed Rs 10 lacs. Is it true?

What should she do with the service tax already collected? Also, she got to know that service tax payment can be adjusted with the service tax paid by self for various other services in the financial year.

For e.g - is it true that if she has collected Rs X as STax and paid Rs Y as STax (for phone bills etc) then her liability is only Rs X-Y.

Pls clarify. If she has to pay that amount then where should she go.

Awaiting an expert's reply.

Thanks

Hi

Could you please tell me the

Interest on balance in the provident fund account credited in excess of "8.5% is salary" or "9.5% is salary" ?

for the purpose of computing income under the head salaries

ONE OF MY CLIENT HAS RECEIVED TAX DEDUCTION STATEMENT FOR THE F.Y.2008-09 FROM NSDL.

WHERE HE FINDS THAT T.D.S.IS CREDITED TO HIS ACOOUNT WITH RS.330000/- SHOWING RENTAL INCOME IS ABOUT 30,00,000/-.

NOW MY QUESTION IS MY CLIENT HAS NEVER RENTED HIS PROPERTY TO ANYBOADY IN F.Y.2008-09 AND HIS ACCOUNT IS WRONGLY SHOWING TDS OF 330000/- .

WHAT TO DO IN THIS SITUATION?

one of my client i have been appointed as auditor where 2007-2008 is also pending ,and turnover exceeds Rs.40 lacs and statutory audit is not done , tax audit is not done,Roc returns , Income tax returns are not filled, the penalty under income tax Rs. 100000 can it be saved any ways. please suggest me on these issue

If a party raises commission bill without raising service tax on it, whether the company making payment is liable to deduct service tax and pay to the authority.

Dear Experts,

If a same property is owned by more than one landlords & payment is making seperately. If we club together the payment it cross Rs.1.2 lacs per annum. bu individially, it does'nt.

Please suggest the TDS treatment.

Sir,

If assessee is individual salaried person having salry less than 300000/- P.A.

He also having short term capital gain from share market by trading in to share market online more in intra day .

Now qyery is

The total intra day transactions sale amt total is more tha 40 Lacs in a financial year but profit is between 50000 - 150000 in year.
i.e. he is doing transactions in numbers of times so his sale total increases more than 40 lacs.

then can U tell me assessee is liable for Tax audtit.

What is the last date for filing TDS return for payments made upto 31st march and for provisions on 31st march

Mrs.X aged about 55 Yrs having the income of Rs.500000.00 for FY 2008-09 from interest on ONR Account with Indian Bank.

1. Is there any special provision of Tax Rates ?
2. Will she get the benefit of tax free income limit up to Rs.150000.00 ?

Hi

I am a CA working as a full time employee in a MNC. Can someone plz help me out if what kind of work I can do if I take COP while continuing with my Job??