1. If a company makes payment to Hotel of Rs.80000/- towards lodging for Staff for 10 Days.

2. If a company makes payment to Hotel of Rs.110000/- towards lodging and Rs. 30000/-for Food for Staff for 10 days.

3. If a company makes payment to Hotel of Rs.130000/- towards lodging and Rs. 60000/-for Food for Staff for 10 days.

i converted my residence as a guest house with 15 rooms and offering accomadations to IT companies on daily rent
i have filed my personal IT return as Rent income from house property.

one of my friend told me that it should be treated as income from business.

could any once can clarify please

In our co. We are taking Input Credit on Excise and Service Tax and utilised against Output for Service Tax.

We dont have any Excise Tax Liability.

Our Output Service are charged at different rates 12%(normal Service TAX),4%(Works Contract) & 3.96%(commissioning.& Erection at abated rate).

My issue is that if any capital items is purchased and utilised for all the above services then whether input credit can be taken for payment of above service tax.

PLZ give reference

WHAT IS OPEN INTEREST & OPEN POSITION>>?????
IN STOCK MARKET

what is the procedure for changing the name for Applying pan card.., For my brother in law she
joined her husband name after her marriage ,& she gave her name for her company & ESI,PF etc
now she want to take pan card bit in her educational certificate r in her old itself .,ID Proof is the Problem.. Pls guied me in this Query....

Can we make changes in original 44AB report (Change in turnover) at the time of making revised return.

Hi friends

Pls clarify on the issue written down:-

Can Business loss be set off against house property income when no business carried out by a company during the year???

Thanks in advance

Respected Madam/Sir,

Please advise regarding the following matters-

1) Is Industrial Trainee entitled to be paid by the employer for the days on which he/she appears for any examination or attends a course of academy of accounting conducted by the Institute and recognized by the Council in this behalf, treating the said period out of purview of absenteeism in view of the under-mentioned regulations?

As per clause 7 of regulation 59/72 pertaining to Articled/Audit Assistants: “the days (including intervening holidays) on which an articled/audit assistant appears for any examination under these Regulations or attends a course of academy of accounting conducted by the Institute and recognized by the Council in this behalf, shall not be treated as leave but would be treated as period actually served as an article/audit assistant.”

Although, the Form 104 contains endorsement as regards to leave and discipline for the trainee which read as “…… However, for matters of discipline and leave, the apprentice shall abide by the Rules and Regulations of the Employer.”

Thus, there appears a contradiction as per regulation 59/72 and the extract enumerated above in form 104.


2) Vide Clause 1 of regulation 59/72 which states that “An articled/audit assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days”.

Am I, as an industrial trainee, entitled for the same?

Employer is asking for related regulation,so plz specify that also.

Hoping for a timely response from your side.

On which amount we charge service tax?
After TDS amount or before TDS amount

Hi, What is the limit for individual and firm for service tax?