Weather service tax credit for input services falls U/s 66A can be taken to setoff the tax payable on out put services or payment of excise?

please also mention any specific circular is available.

we a public limited mfg.company get forms,registers & report formats by giving order to a printer. whether any tds has to be deducted on the bills raised by the printer?

we have issued "c" form for purchase of capital goods. Subsequently we have returned the goods. Pls tell me what will be the implication for the issued form "C". we cannot ammend the form as the supplier is disputing.

Thanks

Hallo,

We are doing works contract activity in Maharashtra. At Present we are doing invoices for works contract activity charging VAT @ 8% under composition scheme. We are procuring material from our sub-contractor for this works contract activity. My query is that whether we can issue Form 409 & 406 to our sub-contractor for purchases, where we are charging VAT @ 8% in our sales invoices under composition scheme.
regards
Kamlesh Modak

One properietry concern whoes collection goes up to 900000 so they registered and take service tax number in the same year they collect receipt about 13lakh and paid service tax, in the next year they collect receipt of 7 lakh and paid service tax as per rule and regulation, in third year also collect Rs. 7 lakh, My query is can we take Basic exemption limit of Rs.10 lakh in third year because of collection below exemption limit from contiuning 2 years, please give me soulution and logic behind it
Thanking You

Deal All,

please let me know whether it is possible to sett off business loss against short term capital gain?

Thanks in advance

Dear Professionals

Pls help me in solving the following Query:

Present Authorised share capital of a company is Rs. 10 Crores consisting of 1 cr Equity shares of Rs.10 each.
& Issued and paid up equity share capital consist of 50 lacs equity shares of Rs.10 each.

Company wants to issue Preference shares. and for this purpose capital clause of the MOA & AOA needs to be altered.

If co. cancels its unissued equity capital pursuant to sec 94(1)(e) and simultaneously add prefernce share capital in the capital clause of MOA with same amount so that authorised share capital remains same.

Can company do so? and if yes what will be the procedure?

thanks & regards
CS. Deepika Bhardwaj

Is the excise paid during the year is shown as expense in p&l a/c. for eg.


Excise output= 30000


input= 40000

Closing Balance = 10000


what is the account tretment of above?

Hi..

my querry is can grand child's tuition fees is exempt under section 80c..?

do reply me quick as its urgent.

Regards,

Tarin Shah

We want to issue equity shares of a private limited company at premium.

What is the fair price at which we can issue shares at premium so that their is no query on the premium amount by the income tax authority???