I am running a propriotary firm involved in engineering activities. Thinking that I will cross 10 lac exemption limit, I have charged service tax to client so far. Now itseems that I will not cross the 10 lac limit. My question is

1. Do I have to deposit the service tax component to the govt in future?

2. Can I claim refund of the service tax deposited at the end of financial year if I prove that I have not crossed the 10 lac limit

3. This is my first year of operation. Do I have to pay service tax for entire amount? In forum I have read cotrasting opinion about this. Can enybody give refrence to the service tax rules regarding this matter

Regards,
Yogesh

Hello,

I would like to know what is the legal validity of the bond on professional working in MNCs'.
For example, Mr. A is working in a MNCs' and has singed a bond not to leave the organization for one year from the date of joining ( and he is IT professional), can MNC file a suit on Mr. A if he leaves his job before completing that period. Again if some amount is mentioned in bond and Mr. A didn't pay that amount while breaching bond, can MNC force him to pay that amount. Please advice.

I want to know thathow to upload the ROC forms? can somebody help me

An employee is paid HRA 15165/- P.M . His house is on co. lease for which co. pays rent of Rs. 13200/-as per aggrement. P.M. which is recovered from employee. due to accomation provided by co. , employee can't claim HRA? can he take both benifit, HRA & accomodation provided by co.? if we not take the benifit of HRA then TDS amount IS higher. what is the treatment for TAX planning.

Pls reply on urgent basis.

Hi all,
A 81 year old partnership firm has already 20 partners.
Now a partner has 3 sons.
1)Can such partner form a firm among himself and his sons.Can such firm be a parnter in the 81 year old firm.
2)If one son is working in such firm on behalf of his father can such son be given partner salary on behalf of the father & sons firm.
3)If the 81 year old firm pays interest on capital to Father & sons firm.Is it necessary to deduct TDS on such interest.
kindly help me
regards
sivadhansu
advocate

Dear Sir,
Please clarify that whether the undermentioned transaction is covered under Accounting Standard-18 (Related party Disclosure)

We are "ABC Ltd" an indian co. formed under companies act 1956. We have formed a wholly owned subsidiary "ABC FZE" in Free Zone Entity Dubai.

"ABC FZE" purchase the 49 % shares of "XYZ LLC" a dubai based co & another 51 % shared is held by others.

"ABC Ltd." holding co. of "ABC FZE" sell the goods to "XYZ LLC".

Whether it will be related party transaction for ABC Ltd or not.

Dear Expert,
Whether consent letter is to be obtained and filed with ROC for appointment of MD and ED in PVT LTD CO? What are the enclosures to be filed with ROC for appointment of MD & ED PVT LTD CO?

An employee is paid HRA 15165/- P.M . His house is on co. lease for which co. pays rent of Rs. 13200/-as per aggrement. P.M. which is recovered from employee. due to accomation provided by co. , employee can't claim HRA? can he take both benifit, HRA & accomodation provided by co.? if we not take the benifit of HRA then TDS amount IS higher. what is the treatment for TAX planning.

Pls reply on urgent basis.

WHETHER PF PART CONTRIBUTED BY EMPLOYER IS DEDUCTIBLE U/S 80

Can u pls give me info about the Services appliicable for Nov 08 Exams of IDT ... THERE IS A LIST OF AROUND 30 SERVICES GIVEN BY THE ICAI

THANKS A LOT
REPLY SOON

E-MAIL ID: ankit_gupta161@rediffmail.com