The rent on immovable property for the month of February 2009 is billed and received in advance on 02.02.2009 in which service tax was charged at the rate of 12.36%.

Now the rate of service tax was changed w.e.f. 204.02.2009.

What will be the rate of service tax from 24.02.2009 to 28.02.2009 in this case?

Do I reqiure to refund the service tax due to the difference in rate from 25.02.2009 to 28.02.2009 to the tennant

Regards,
Jyoti

The rent on immovable property for the month of February 2009 is billed and received in advance on 02.02.2009 in which service tax was charged at the rate of 12.36%.

Now the rate of service tax was changed w.e.f. 204.02.2009.

What will be the rate of service tax from 24.02.2009 to 28.02.2009 in this case?

Do I reqiure to refund the service tax due to the difference in rate from 25.02.2009 to 28.02.2009 to the tennant

can an individual claim deduction u/s 80d up to Rs. 35000/40000 after ammendment [ Inculding sr. Parents deduction]

Company paid Daily allowance (Fixed amount per day ) to employees for Onsite project. That amount is taxable with Salary?
Daily Allowance accounted as Conveyance paid it correct? Pleases give me u r advise.

as 31st is coming how to calcualte payable service tax on payment basis or accrual basis? pls immediate reply on
deven_vejani@yahoo.com pls.

Why tea bushes and livestock are specifically exempted from the definiton of plant for the purpose of depreciation under income tax act.

Dear Experts,

Please advice in case mentioned below:

A is a co. (Service Provider)

B is Co. (Service Receiver)

B is deducted TDS on services provided by A from April 08 to Jan 09 (period for which A not have any Non Deduction Certificate)

But on Feb A is taken certificate U/s 197 (1) for Non Dedcution of TDS for period Feb 09 to March 09 on Income from A (for estimeted amount of Income 20,00,000)

A has already billed to B B/w period April 08 to Jan 09 Aprrox Rs. 50,00,000 (and B has already deducted TDS) and now during period Feb 09 & March 09 A has issued more bills of 30,00,000 (i.e. exceeding the estimeted income amount in certificate)

Please Advice :

1) Whther A has to deduct TDS on Februray onwards if Turnover B/w Feb 09 & March 09 exceeds RS 20,00,000

2) Whther A has to deduct TDS on Februray onwards if Turnover B/w Feb 09 & March 09 NOT exceeds Rs 20,00,000

3) or any new suggetions from Experts .....

Sir,

Pls guide me what is the rate of income tax on companies.

Pls give me the bifurcation i.e rate of income tax, education cess and surchage etc.

there are four telephone in our company, whos 90% exp debited in our company and 10% exp. debited in other company,

so how much service tax credit we can book in our company

This is to share with you all:

Kindly appreciate As Balance Sheet & Profit & Loss are required to be signed in accordance with Section-215. In the board meeting which approve the balance sheet and profit & loss account we authorise directors to sign the BS & PL A/c as desired by section 215 and record the same in board minutes.

Question: Do we also need to authorise the signatories of Annual Return as required by section 161(1) through board resolution??. If Yes, what would be the date of board meeting to make such authorisation.

Since annual return contain the info as on the date of AGM. If we authorise someone to sign AR in the board meeting which approve the BS & PL A/c (Advance authorisation), then what would be your reaction.

OR since annual return is in the nature of a return only it does not require specific authorisation to sign like BS & PL A/c.
Please share your views….