H.K.Singh
14 March 2008 at 11:55

Service Tax on vehicle hire

We are a service provider company(energy sector) and availing service tax credit. We are providing service for a goverment organisation and we are using our company van and raising seprate bill for the van. My question is that we should charge service tax @4.95% or 12.36% for the van.


vinay ahuja
14 March 2008 at 11:55

Servive Tax on Immovable property

Our tenent, State Bank of Indore,is refusing to PAY the service tax on monthly rent.The tax was imposed by the government on 01.06.2007.The bank actually paid the service tax for three months i.e. Sept07 to Nov'07 alongwith the rent for each month after deducting T.D.S. on total amount.
Now they say that it was paid by mistake.Then they have taken back the service tax amount for three months from the rent of Dec.2007. Is it legal to do that? Can they withdraw money from our current account without our permission ??
Our lease was signed prior to imposition of Service tax.
What is the recourse that we have. How can we get this amount of 12.36% of rent from them ? Can we get the buiding vacated if they do not pay the service tax ??
Thanks,
Vinay K. ahuja


ankit
14 March 2008 at 11:46

CA with LLB

i have cleared pe-ii in nov. 2007 and i have also k\joined articleship. my graduation will complete this year from regular college from du. now i am thinking llb through distance learning mode from du. can i do this. plz tell me.


kartik_somu

Can Bonus shares be issued out of Revaluation Reserve?


CA.Aman Dugar
14 March 2008 at 11:41

Fringe Benefit tax

Whether travelling expenses for purchase of machinery which are capitalised along with the cost of machinery are liable to FBT in light of answers to Q.19 and Q.89 of CIRCULAR NO. 8/2005 of CBDT.


Gayathri Devi
14 March 2008 at 11:29

Reg: Capital gain

how to compute the capital gain of jewwelry, sale of business to another person & explain me the ways to calculate that Capital gain
If it is a longterm it is taxable at 20%


Anil Chavan

If any employer fail to pay the profession Tax to Govt. which he deducted from his / her employer's salary & He was liable to pay the tax quarterly.
Then how much interest he have to pay on the amount of Profession Tax?

Regards
Anil


rita
14 March 2008 at 10:32

about calculation of surcharge

One of my friend calculated tax payable.
i want to ask education cess should be calculated on net tax payable + surcharge or only on tax payable.


ritesh kanodia
14 March 2008 at 10:24

TDS on land and building

Suppose a Co has taken two lands on Rent from Mr x. In 1st case rent is exceeding 120000 p.a and in 2nd case it is amounting to only 80000p.a so as per the statutory norms whether TDS should be charged for both the payments or for the one exceeding 120000 only.rep ASAP


Ranvir Shaw
14 March 2008 at 10:15

sec 271 (1)(c)

can any provide me details of the case law
"2007-TIOL-134-ITAT-DEL.doc"
this is the link which was found in the site taxindiaonline.com
Anybody having the subscription to the above site can get the case law.
matter of the case law given in brief
" There is a major difference between the furnishing of inaccurate particulars of income and furnishing of inaccurate computation of taxable income and this is a case of incorrect computation of income - Assesse Case Upheld"






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