Service Tax QnA - Page No 25156

All Resolved Open

Alok Das

13 March 2009 at 22:21

vAT OR SERVICE TAX TO BE CHARGED ON RENTING OF MACHINES

WE ARE RENTING OUT MACHINES TO OUR CLIENTS IN TWO WAYS (1) MACHINES ARE SUPPLIED TO THE COMPANY AND THEY OPERATE THEM (2) MACHINES ARE SENT ALONGWITH MANPOWER TO RUN THEM. DO WE PAY SERVICE TAX OR VAT?

ALOK DAS

Hemant Maloo

13 March 2009 at 21:39

Works Contract

1. We are executing major water supply and sanitation projects for government boards like BWSSB, KUWS&DB, KUIDFC, ZPE ..etc. We are registered under works contract. Do we have to pay service tax for government projects? As these works are not for industry or commerce...

2. All the tenders are quoted and being executed before 1-6-07 i.e before applicability of Service Tax on works contract. Do we have to pay service tax on all projects as well or only new works after 01-06-07. As we have not quoted our rates including service tax, cause it was not applicable at that time.

Please guide

Nehas

13 March 2009 at 21:15

Information about CA

Can anyone help out
Now i m tired of it
1st thing articleships troubles a lott due to which we get no study time
what to do?

tsk venkatasubbarrao

13 March 2009 at 20:50

converting partnership company in to unlisted plc

iam managing a partnership company TSK&CO

i want to convert it in to unlisted plc

i would liketo know

min /max members

min authorised/paid up share capital

and other info

can i move directly with out converting in to pvt ltd

varun aggarwal

13 March 2009 at 20:19

TDS

Hi,

1) Pls let me know the time limit to get TDS No. if one is liable to deduct TDS in March and not before this month.

2) Is it necessary to file TDs Return if the TDs deducted during the quarter is NIL

nishith bahetee

13 March 2009 at 20:11

Refund Claim of Service Tax

We have filed Refund Claim & in its order AC has allowed excess payment of service Tax but denied of refunding the Amount pertaining to the CENVAT Credit on Input Services. what is the procedure to again avail such credit as we have taken that credit earlier & filed Return with excess Service Tax.

INDRANIL

13 March 2009 at 19:47

80D

Can an individual claim rebate u/s80D wherein he has actually reimbursed the amount paid by his parent who is a dependant . The Mediclaim amount has originally been paid off by his parent and the policy stands in the name of his parent . He has only reimbursed the said amout to his parent by cheque.

Regards

Indranil Mukhopadhyay

Alim

13 March 2009 at 19:25

TDS

I want to know whether tds is applicable on Handling charges, administrative charges.

pls let me know.

AGM

CA CS Akashdeep Singh

13 March 2009 at 19:13

Capital Gain on House Property

Hello

I am facing the problem while computing the capital gain on house property.

PROBLEM

My client purchased house on 10 yearly installments. He took possesion in year of down payment. In current year he sold it. Now calculating the capital gain, indexation of which year be used i.e., wether i have to used index on each installment of same year.or used the index of year of down payment.

Example

Down Payment: 10,00,000 in FY 90-91

Ist Installment: 10,00,000 in FY 91-92

IIst Installment: 10,00,000 in FY 92-93

IIIst Installment: 10,00,000 in FY 93-94

IVst Installment: 10,00,000 in FY 94-95

Vst Installment: 10,00,000 in FY 95-96

Sale consideration : Rs. 2,00,00,000 in FY 2008-09

Index: FY 90-91=182, FY 91-92=199, FY 92-93=223, FY 93-94=244, FY 94-95=259, FY 95-96=281

Capital Gain

Sale consideration : Rs. 2,00,00,000

(-) Cost of aquistion

Down Payment: 10,00,000 X 582/182

Ist Installment: 10,00,000 X 582/199

IIst Installment: 10,00,000 X 582/223

IIIst Installment: 10,00,000 X 582/244

IVst Installment: 10,00,000 X 582/259

Vst Installment: 10,00,000 X 582/281

Total Cost 1,54,35,815

Long Term Capital Gain 45,64,185

ABOVE PROCEDURE IS TRUE OR NOT?

Provide me any case law regarding it, if u have?