what entry is to be passed in case where where there is service tax laibility and bill date & expense is of March 09 (my co has to pay service tax on behalf of transpoeter). As service tax is paid on payment basis & for march 09 month ST is to be paid by 31/3/09 itself

Sir,
I have few queries with regard to the New TDS & TCS notification.

1.The said notification contains the term Unique Transaction Number(UTN). How does this number be obtained. Is it automatically generated when TDS is remitted online or is there any procedure for obtaining this number.

2. Regarding Form 17, is it a payment challan same as 281 under existing provisions or need to be filed seperately after remiting the TDS?

3.Is this notification applicable to the TDS deducted in the month of March 2009 but remitted in April 2009?

what is the rate of deduction of tds on lorry's freight?
What is the exemption limit?
Is there any form from which the lorry driver can claim exemption for not deducting tds?

Till date Form No. 17 C has not been uploaded on the site. Do we need to wait till 7-5-09 which is the last date for paying TDS deducted from April 09 earnings or pay under existing challan No. 281. It should not happen that at a later date it becomes a problem for us or a query is raised from the IT dept.

Pl. advise.

Thanks

N K Chinoy

Kindly provide me FBT Calculation Chart in Excel format. also suggest me what benefit covered under fbt and what is the rate? My E-Mail ID is deepak_tiwari93@yahoo.com

thanks

deepak

Sirs,

What is the last date of deposit of TDS for the month of March 09 under section 192 for code 92B?

What would be the penalty involved if the same is not deposited in time or some tme after April 09 as by this date Form 16 are to be issued?

Please advice.

Regards

Jayant

dear sir,

we have transfer raw material interstate for job work from delhi to haryana( Bagadurgah).and we get back finished goods after completion of job work and sir please tell whether there form f applicable? how we get f form from sale tax office?

thanks

amit kumar

Dear All ,

One of my client is doing job work in the factory of say B on the material related to B and after specific norms of quality of the job work he is raising bills on total no. of pieces he completed on a monthly basis . B after deducting TDS making payments to my client through Cheques only . Here he is doing job work alongwith his labour . My querry is
whether he can be taken as a manpower agency ? as he is doing job work alongwith his labour in the premises of B because for become liable in Service Tax his concern is not a recruitment or labour supply agency / concern and further the billing is completely on piece basis already mentioned on the face of the bills he raised. How the Service Tax authority can treat him as a labour supplliers agency ?
another aspect is he is doing job work of the material related to B on which B is paying and assessable under excise duty in that case notification no 8/2005 also exempt his as a job worker also .

My final querry is whether my client can be held liable under service tax in both the mode reffered above i.e.
1. under manpower recruitment agency
2. under business auxiliary service
after reading the above provisions and facts as i have already reply to the ass.comm. and submitted photocopies of the bills given to B , Form - 16 A , copy of bank statment and copy of ledger in B'S books but neither he cross any question to me but now he has given notice to B and asking the details .

Can anybody clarify the above whether my client can be liable under service tax

My e-mail ID : gargbk2001 @yahoo.com

A Partnership firm revalued its land. The difference between the revalued amount and the cost as per books of accounts were credited to the capital account of the partners. Subsequently two more partners were admitted into the partnership and the old partners withdrew the entire capital and retired from the partnership. The partnership firm continued as a going concern with the two newly introduced partners.
Whether this transaction results in any income tax liability for the partnership firm as well as for the retired partners.