Jiwan singh
24 December 2008 at 12:16

Service tax exemption

Please guide me

For example :-

For the f.y 2007-08 service tax exemption was 8 lacs my service tax receipts was 7 lacs in 2007-08 & I have not pay any service tax in that financial year But in f.y 2008-09 service tax exemption limit is 10 lacs . would I pay service tax in 2008-09 (my service tax receipts was on 31.06.08 was 4 lacs) or in the f.y 2008-09 can I get a benefit of exemption limit 10 lacs.( in the fy 2008-09 service tax receipts would be exempt upto 10 lacs or if my service tax receipts will 9 lacs in 2008-09 , would this service tax receipts 9 lacs exempted)

Can i get exemption for every Year ?


PARDEEP SINGH
24 December 2008 at 11:55

Rent Deduction.

In which section i can claim the deduction of rent paid.?


sumit bhartia
24 December 2008 at 11:51

RESOLUTIONS FOR SEC 274(1)

DO EACH YEAR I HAVE TO PASS THE RESOLUITIONS FOR SEC 274(1) (g) RECEIVED FROM THE DIRECTORS

WHAT IS THE FORMAT
IS PASSING EACH YEAR MANDATORY UNDER COMPANY LAW AND UNDER WHICH SECTION

sumit


PARDEEP SINGH
24 December 2008 at 11:50

How can i change of Income tax Office.?

Now i am filing my rerun in Bombay but i want to file my return in calcutta becuase i have shiffted overthere. So Please tell me the processure that how can i transfer my file from Bombay to Calcutta.

Please reply me soon.


Rakesh R Kabra
24 December 2008 at 11:48

LIC Premium

i have paid LIC premium for f.y 2006-07 on 10/04/2007. And not recorded in books of accouts and also not claimed in return of income. can i claim in return of income of f.y 2007-08


PARDEEP SINGH
24 December 2008 at 11:43

registration applicability.?

I want to know that can i able to register my firm under VAT only when my annual sale cross the limit of Rs. 500000 /- and if yes then which kind of formalities i have to fullfill.

Please reply me soon.


PARDEEP SINGH
24 December 2008 at 11:38

Deduction u/s 80-c

My First Querry is that i want to file income tax return and i am paying rent anually 80000 /- and i also have the receipts of the same so can i claim it u/s section 80-C.

Can i claim tution fee as deduction u/s 80-c more than two child.?


K Balaji
24 December 2008 at 11:37

Indian Contract Act

In a contract of guarantee, whether forbearance by the creditor to sue the principal debtor discharges the surety.


Madhu
24 December 2008 at 10:49

What is the procedure of Audit.

I am new to Audit work,how we have to start the audit when we visit the client place.
If any one can help me about the procedure of Audit, how to start and how to end and what are the steps involved in it,what ever the Audit it may be but standard format to do Audit.


mk
24 December 2008 at 10:37

Deemed Dividend

* Mr. A is holding 25% shares in XYZ Pvt. Ltd.

* The company has Rs. 20 lacs in its Reserve and Surplus on 31.03.2008 which includes Share Premium of Rs. 5 Lacs.

* Mr. A is also partner in M/S ABC & Co. and his share in the firm is 60%.

* The said XYZ company gave a loan of Rs. 18 lacs to ABC & Co. out of which the firm paid Rs. 16 lacs to Mr. A.

(a) Will the provision of section 2(22) (e) of the Income Tax Act be applicable for this transaction?

If yes, what will be the amount of deemed dividend in the hands of Mr. A?

In another situation XYZ Ltd. has repaid of Rs. 18 lacs against loan taken by it from ABC & Co. and ABC & Co. in turn gave loan to MR. A by debiting his capital account.

Whether the department is right in arguing that XYZ Ltd. Co has given Loan to Mr. A via conduit and hence the provisions of sec. 2(22)(e) are applicable and Mr. A is liable to tax for amount received to be considered as deemed dividend ?


Whether TDS provisions are applicable for deemed dividend.?






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