We started a company in Chennai,

We import Electrical bike parts under CKD Condition and assemble at our unit.

In process of import we are paying following duties
Basic duty – 10%, cess 2% -, Hig-Cess, 1% and 4% Additional duty.

We would like to know how claim CENVAT in this case

And what is rate of tax for Eelecrical bike as per central excise act.

Please help me

I have a Rental Income of Rs.15 lakhs. From one tenant it is Rs.12 lakhs and from the second tenant it is Rs.3 lakhs. So service tax is to be paid on Rs. 12 lakhs or Rs.15 lakhs. The second tenant is not ready to pay service tax as his rent is only 3 lakhs.Plz explain whether service tax is to be paid on full amount or only on Rs.12 lakhs.

Thanks.

OUR COMPANY'S PROPERTIES(FLATS IN GURGAON)
HAVE BEEN GIVEN ON RENT TO A MULTINATIONAL WHICH ARE BEING USED BY THEM FOR RESIDENTIAL PURPOSE ONLY.
THEY CONTEND THAT SERVICE TAX IS TO BE CHARGED BY US WHEREAS ACCORDING TO OUR INTERPRETATION NO SERVICE TAX IS LEVIABLE FOR PROPERTIES NOT USED FOR COMMERCIAL PURPOSE. WILL YOU PLEASE CLARIFY THE CORRECT POSITION?

can any one help me to now allire allowance is taxble if it is taxable what is limite and were should i present to form 16,.



Raghu

Whether exchange gain/loss on import of fixed asset would be capitalized (As per company law) or transferred to profit & loss account (As per AS - 10)

Please clarify that whether by-pass services rendered can be accounted on receipt basis?
this by - pass service is a kind of underground storage facility whereby parties are allowed to by -pass theier product and being charged for this service.
So please reply that whether the same in line with AS-9 or not?

Dear Sir, if salaried person can make some donation to recognised institute(having 80 G)then it will be allow as deduction in computation of form 16?
pls reply as soon as possible

X is holding co in foreing country and Y is a Wholly Owned Subsidiary of X which is incorporation in India.

Z is a holding company of X situated in another foreign country.

X is dissolved and the shares in Y are transferred to Z.

Both are Non Residents and the transfer happens. What is the procedure to be complied with RBI.

No inflow into india hence no permission required right?

Try to send me a NOTE on the process immediately.

What is the rate of custom duty on computer parts import???

One of my client has been issued a Show Cause Notice from the Service Tax Department. The Assessee has replied to the same. After one year again the Assessee received a Show cause Notice from the department covering the period which was in the earlier Show Cause Notice. Can the department issue two Show cause Notices for the same period when the assessee has already replied to the earlier one. No mention in the second Show cause Notice is there regarding the Earlier one.
Please Reply
Thanks.