We are working with co-operative union and we pay FBT on fringe benefits provided to employees regularly with surcharge.

But my confusion is that, we are registered as co-operative society under the co-op. Act.
and we pay tax for our income without adding surcharge because surcharge not applicable to co-op. society w.e.f. 2006-07, we have to pay surcharge on FBT.

Pl. clarify for above.

Dear Sir,

A party has issued us bill for services rendered in the month of january 2009 or before that period. Bill has been issued on 13/02/2009 and he charged ST @ 12.24%.
Now we are paying this bill in the month of march 09 and now the Service Tax rate is 10.3% after 24/02/2009.
Kindly guide us should we pay ST @ 12.24% as charged by party and take Cenvat credit of same or we should pay ST @ 10.3% becuase the liabilitiy of ST payment arise after receiving payment for the services rendered.

Please reply

Ganesh Pawar

Hi
I have some Queries regarding LTA exemption:-
1.Can a Individual take exemption for 2 journey performed by him in a block of 4 year say 2006-2009 both in assesment year2009-2010.
2.Can 2 journeys performed in a one year say 2008-2009 be claimed for exemption in 2009-2010.
3.Is their any guidelines regarding journey to be performed by Air or rail for Private employees as their in case of Gov. employees regarding their limit of salary.
4. Is Amount to be claimed as exemption in case of Air As given in Sec10(5) of Economy class, to be judged on fare of cheapest airline for that route.
5.If an employee receives Rs30000/- as LTA anually in 2006-2009 and he claims a ticket of Rs70000/-for exemption in 2009-2010 performed his journey in 2008-2009 is he entitled for amount .

Please reply me on Nimit_sharma7@yahoo.com Thanks

IF ARTICLE STUDENT TRANSFER TO ANOTHER C.A. AND THEN HE DECIDED TO COME BACKUP TO FIRST C.A. CAN HE TRANSFER FROM SECOND C.A. TO FIRST C.A.

We propose to computerise our invoices. The software is as per the requirements of the department. Our query is how to preauthenticate the Invoices. The excise department clarification says that the number can be generated and preauthentication can be done before it is assigned to date and time of removal. I am not clear once the number is generated we necessarily have to take out a print. Can some one clarify? Also, the invoices generated on blank stationary from the computer donot require carbon papers. Is this position correct?

If last year service tax is disallowed and this year service tax deposited and claim will it allowed. if yes then please send me any case in favour of assessee who have claim service tax

Dear Sir,

I would like to know, if we are making payment to foreign company through credit card, then Is it our liability to deduct Tds on such payment under section 195. If Invoices are generated by foreign company on Company Director Name Individually not on company name.

Sale is not A direct income ,than why it exists in trading A/C?

One of my client purchased a Plot from a Society of government of Punjab for Rs.6,10,000/- on 26-10-2004 on the condition that he can sell it to only Housing development organisations. My client made an Sale agreement with a Housing Development Organisation for Rs.82,50,000/- on 25-02-2007 in which it was said that payment can be made in four installment without any date mentioned. My client received 1st Installment on 13-03-2007 of Rs.15,00,000/- and 2nd of Rs.18,00,000/- and deposit a tax of Rs.9,00,000/- on 15-03-2008 but there after Real owner of property i.e. Society of Punjab Government filed a case in a court that this sale can not be made to this organisation and stay has been granted by court. Now i want to file return of my assessee for the A.Y-2008-2009. How could i file it whether i will claim refund of that amount or anything will done diffrenet.

Hi Experts,


In addittion to my other queries here is new one.

I am buying Goods from outside Delhi @ 2% CST paid by me till now and selling the goods in New Delhi @ 12.5% VAT

My margin in the product after Delhi VAT is not more than 5%

How is the ways I can save on Tax specially knowing when 12.5% is reserved for the Govt of Delhi.

Is there any way out except selling goods outside Delhi ?