Hi! Devanshi

Mr. V.K. Singhania and Mr. Girish Ahuja have there diff. pont pf view over this particular topic.Mr. Singhnia is not fevoring the taking of set off n Mr. Ahuja is in favour Wts the ????????????????

Hi! Devanshi

Mr. V.K. Singhania and Mr. Girish Ahuja have there diff. pont pf view over this particular topic.Mr. Singhnia is not fevoring the taking of set off n Mr. Ahuja is in favour Wts the ????????????????

i would be want to know from which date new rate of service tax (10%) implement .

Hi,

We have providing taxable as well as non taxable services. but we not maintained separate books of accounts. We are rendered Freight forwarding service,& registered under business auxilary service. We are raised services tax on cleraing charges received but not on freight.while taking credit we taking credit on clering charges paid. Can we claim service tax on office rent, telephone, courier etc ?

what if the ca firm raise a bill on client for providing data entry charges by sending his staff at the client end.The work relates doing accounting data entry.Will it still be deducted under contract or professional?

Increase in maneging director's remuneration requires the approval of the shareholders through an ordinary resolution. My query is that whether such resolution is required before the managing director is paid any remuneration or a post facto approval of such re,uneration by shareholders would be ok. If post facto approval is ok, what is the time period for such resolution.

If a partnership firm is deriving Income from House Property and it is the only source. In this case, is the salary paid to partners allowed?
Else whatz the tax treatment for same?

Pls advise on disallowance & other implications (if any under IT Act), where Capital Expenditure incurred for Constuction of factory premises on building materials for which a single cash payment exceeding Rs 1.0 lakh was made?

if a assessee puchased goods of rs. 15000 on 5.5.2008 from mr. a and rs. 18000 on 8.5.08 from the same supplier i.e. mr. a and maid total cash payment of two bills of rs. 33000 on a single day i.e. on 10.5.08
the whole payment should disallowed under sec. 40A(3)?
why

i refer the various refernce book but it is differnce of openion in the books also
as per books of prof. aahuja and prof. sighania it shoud not be dissallow
but in book of prof. manoharan it should disallow

plz. explian the reason for same
thanks

W.E.F 23 May 2005 service tax is paybale on advance received for providing the service. ours is a post production facility house and it will take 5-6 months to complete a job. During the progress of the work we will receive part payments from the customer and we are paying service tax on the amounts recieved in the same month. w.e.f 24.2.09 the tax rate has been reduced to 10%. For the projects which have started before 24th Feb and completed after 24 Feb 09 we will raise the bills now and have to charge 10% tax. But on the advances received for the same project we paid tax at 12%. Please clarify me how we can raise the bills and pay the tax