Should a closely held Indian company deduct tax on inspection fees paid to dubai comany.

If yes at what rate?


This dubai company has no establishment in India & is not wiling to bear the tds cost.

CAN ANY ONE EXPLAIN EQUITY CAPITALISATION RATE?

one of our client has Married Minor Daughter she is earned Saving Bank Interest income Which is financed by her father, so can income be clubed with her father income and can her father is getting exemption of rs.1500

Sir

We have got a bill including service tax raise by SOCIETE GENERALE (corporate & investment banking)in which payment is made through DENA BANK and beneficiary is the manufacturing unit.
Whether we can avail the credit or not on such bill.
THANK YOU

MANISH KUMAR

Dear Sir,
As per Rule 7B an assessee can revised the service tax return with in 90 days from the date as per rule 7.

So please tell me if any body wants to revise old return (For 2007-08) what option he have.

Regards
Suresh Choudhary
9892267054

Sir

Although the manufacturing unit is closed and in same place HO is running on. All the plant of manufacturing unit is transferred to its other unit in the month of Sep,08. now we have got a bill including service tax.
Our query is that whether we can avail the credit of Such service tax or not, or we can tranfer the same to other unit.

THANK YOU

MANISH KUMAR

Hi

Case:
A vendor whose invoice has not been booked in FY 2006-07 & FY 2007-08 in our books i.e. expense were not booked in our accounts

TDS rate in those periods for the vendor was 1% BASIS SEC 197 (Lower Rate).

TDS Rate in FY 2008-09 is 2% BASIS SEC 197 (Lower Rate).
.

Now, while booking the above expenses of previous years, what should be the rate of TDS??

Thanks

our company is into import, export of commodities. We pay service tax on AMC of elevators, firefighting equipments network mgt,also ST is paid on doctor's fees,agency charges,CHA bills, leave and license fee, etc. We provide custodian services on which we charge ST, also on behalf of our transporters we pay ST. Please guide whether we can claim setoff of the above ST payment against the payment to be made by us.

Sir if the director Directly deposit the amount in the Bank of the co. without account payee cheq.(some how Rs 40 cr).& the co. remitted the whole amount by way of account payee cheq.
Is this transaction will attract the above sec.

My client has deposited excess tax in Dec-08 month under sec 94-c now
1) can this excess payment be set off agst Jan-09 TDS Liability ?
2) If yes,can it be set off agst tds payable under any section i.e.94C,94I,94J ?
3)and how this excess payment and setoff to be shown in Dec-08 qtr E-TDS Return ?
4) if set off is not possible then can it be claimed as refund ?