sir i am doing my PCC sir i want to know about Revenue recognition(AS-9)pls help me sir

One entity has paid to goods transporter (who is independent truck owner) Rs. 9000 as transportation charges. This transporter has not issued any consignment note etc. but accepted the payment by only signing the voucher of said entity. Now, the entity is the factory under factories Act, then will the factory be liable to pay service tax on this Transportation charges? One thing should be remembered here that transporter has not issued any consignment note. If the entity is not liable to service tax then who will be liable to pay and why?

then vineet,

service tax wl be on the gross profit ?? is there any slab? how it wl be if gross prfit is 20-25 lac? any interest liable now as still stax not paid.

pl adv.

In Public Provident Fund or PPF maximum contribution is 70000 for an individual on his own or in the behalf ofthe minor,

If the Minor has his/her own income by way of gift then can minor contribution to PPF be excluded from that of the individual or parents. can minor contribution be seperate from the parents 70000.
For.
Father A contibuting 70000 in his own name
Son B (minor)contributing 70000 recevied as gift to him .

one of our client has taken photostat machine on rental basis from photostat shop, kept at place of client. the only consideration being paid is in the form of a fixed charge, say 0.25 piase per copy for photostat and the material being paper sheets is being fed in the macine by the client. my question is

1) does this attract tds under 194I as rent for equipments or u/s 194C as tds on contract.

2) if we fall in definition of rent u/s 194I, then if our liabilty does not arise due to payment does not exceeding 120000, then are we covered u/s 194C as residual section or there does not arise any tds liabilty in that case.

Free educational facility provided to the employee children --if iin a pvt. school bills are reimbursed by employer up to rs .1000/-month whether exempted perquisite?

and employer has top pay FBT.??on staff welfare.

Medical Reimbursement is exempted up to 15000/- to the salaried employee.But if he worked for 9 months in a F/Y whether whole amt of 15000 will be exempted or 11250???

What is meant by Professional Tax?
Whethrt it is same as TDS u/s 194J?

What is meant by DA (IF) Forming the part of retirement benefit.

this profit of 20-25 lc is the gross profit w/o taking into consideration any expenses.

pl adv if tax liability changes.

wat is MAT ?