Can A LTCL on sale of Silver be setoff aganist LTCG on shares on Which STT Is paid as per the provisions oF Sec73 oF Income tax act ?

-The Income Tax Department is levying interest u/s 201(1A) for variation in the deduction of the TDS on Salary on month to month basis for the last 3 years(2005-06,2006-07,2007-08). Sometimes the deduction is less than the average but sometimes it higher too.
-TDS on Salary deducted and deposited on or before due date, everytime.
-The Employer is passing the liability to Employees and recovering the same interest from the concern employees.
- My query is
1. Whether the above approach is correct?
2. Is there any time limit for charging the interest u/s 201(1A)?
3. Whether it is the right interpretation of the quoted section.

Q.1 Please clarify if the service provider provide service during the month of February'09 and bill made on Dt : 03.03.2009 then what percentage charge in the said bill ?

Q.2 During the making of service tax bill what thing is manditary ie. Bill Date or Service period ?

Q.3 If service provider making a bill on Dt : 28.02.2009 at the rate of 12.36% and 10.30% and mention service period on bill but basic amount is not split then the said bill is ok or not please clarify with credit rules ?

I want to know the FBT caluculation details and who much percent do we need to caluculate for different perquisites

The Owners Association of a commercial complex carries out maintainance and upkeep of the common properties of the complex for which it collects maintainance charges on a quarterly basis from its members.
Do such maintainance charges collected from the members attract service tax or is it exempt from levy of service tax?

Dear Experts,

Could you clarify the CVD paid on imported inputs used for providing output sevice only not involving any manufacturing, the credit eligible for input cenvat Credit. As per Cenvat Credit Rules no credit will be available if final product exempt from exise duty or if there is no manufacturing of the goods.

If eligible give provisions of the act with referecne of section/rule

Thanks in advance

Dear Experts,

Could you clarify the CVD paid on imported inputs used for providing output sevice only not involving any manufacturing, the credit eligible for input cenvat Credit. As per Cenvat Credit Rules no credit will be available if final product exempt from exise duty or if there is no manufacturing of the goods.

If eligible give provisions of the act with referecne of section/rule

Thanks in advance

Income Tax Return for A.Y. 1998-99 filed on 30.11.2000. Delay in filing return due to not providing zerox copy by IT Department as search had been conducted on 09.09.1998. However Assessing Officer accepted the reason for late filing of Audit Report and Income Tax Return and accordingly dropped penalty U/s 271 B. IN this interest U/s 234 A is payable or Not ? Is there any judgment / Circular/ Notification in favour of assessee ?

Please advice me at an earliest

I've doubt in one example question form COST OF CAPITAL, pls help me to solve. The Q is: X Ltd. issued Debentures having face value Rs.1000, rate of interest @ 20%. Issue is before 6 years. Investor's current required rate of return has increased to 25%. Calculate return to investors, if current market price is Rs.750.

The solution is as :-> Rs.1000*20%/750*100 = 26.67%.

My question is, if the current market value is less than the face value, then how could the return computed is more than the required rate of return?

Please help me on this topic.

Thanks.

Jaydip Trivedi.

What is TDS. And how it is treated in the final accounts.