My client is a caterer and he is avinling 50% abaitment on supply of food and Catering Servie. but he is showing the sale of food sapretly and Catering service seprately in a single bill. and paying sales tax on sale of food amount. the food portion is about 80% and Service Prtion is only 20% but department is providing abatement only 50%.
now my qussion is as under:-

1. weather he shall charge service tax on only catering service when food is billied sapretly in single bill and trade tax is paid on it.

2. whether abatement is allowed 50%when both supply and service are single biled and saprate figures.

Himanshu Tandon
Advocate

WHAT IS THE TRAATMENT OF SERVICE TAX PAID ON FREIGHT OUTWARD AND FREIGHT INWARDIN CASE WHEN THE PAYMENT OF SERVICE TAX IS MADE BY THE COMPANY AND NOT THE TRANSPORTER.WHETHER COMPANY IS ELIGIBLE TO TAKE SERVICE TAX CREDIT ON FREIGHT INWARD OR FREIGHT OUTWARD OR BOTH?

A company has received a claim from insurance company for loss by fire.the said insurance policy contains the clause for reinstatement of asset loss by fire.
what will be treatment in books in following cases:-

claim wdv of asset Asset purchased
passed destroyed (new)
1.10000 12000 14000
2.10000 8000 7000
3.10000 15000 Not yet purchased

if any return is filled after the due date of filling,what will be the date from which interest be paid on the refund Amount.

Please explain through example.

Hi,
Friend i passed my p.e.II exam in May-07 & for joining an article ship i require a date which is mention in the first registration letter and some how i missplace that registration letter. so,what i wanted to do getting a duplicate copy of that letter any e-mail id or phone no. which is helping to get that letter as soon as possible.

my e-mail id -sanketshah_104@yhaoo.co.in

Give me a suggesation as soon as possible.

IN LTD. COMPANY ARTICLES PROVIDES RESTRICATIONS ON TRANSFER OF SHARES TO MINORS. THE COMPANY IS LISTED.

IF WE PRACTALLY THINKS THEN A LOT OF SHARES ARE TRANSFERED THROUGH STOCK EXCHANGES. NOBODY KNOWS WHO IS THE BUYER. IF ONE BUYER IS MINOR AND HE PURCHASE SHARE THROUGH STOCK EXCHANGE. THEN HOW ONE CAN KNOW THAT HE IS MINOR.

THEREFORE, I WANT TO KNOW ABT WHETHER IS A CLAUSE THAT COMPANY HAS TO AMEND ITS ARTICLES RELATED TO TRANSFER TO MINOR. WHETHER IT IS IN LISTING AGREEMENT OR IT IS IN DEPOSITARY AGREEMENT

My query is that wht amout of revenue stamp has to be affixed on share certificate from 1988 to till date. Whether there has been any change in amount of revenue stamp affixing on share certificate. If yes , then date of such change. state is delhi.

Sir, one of my client has two house property one at nasik & onother at mumbai and pay EMI for both the property .And he stay with his mother's house ansd pay rent to his mother, His mumbai houe property is letout. now my Ques. is
1) He wants to claim HRA benifit because he is stay with his mother. Shall he get ?
2) He also wants to claim Hpusing loan Interest & Principal of his Nasik property (because he is working in mumbai ans hpuse property at nasik is to far from working place) shall he get claim ?
3) He also wants to claim his let out property of mumbai (ha pays loan amount as well as interest to bank and he also collect rent from customer. shall he get the benifit (eg. collect rent Rs. 120000/- p.a. and pay EMI Rs. 300000/- p.a.)?

in all three cases a big amount is involved. pl clarify the query with income tax Act. as wll as rules. and also with a caselaw if any.

regards
Rajen

A Ship Management Agent (Which is a Indian Co) provides ship management services to a ship (Which is also owned by Indian owners) which is sailing outside Indian terittorial water for a particular period. Whether the services provided during this period will be treated as taxable services (The question is not from the angle of export of services but whether services provided are taxable at all?)

If one exaggerates his profit by appreciating the closing stock value, Does it amount to any contravention of Income Tax Act and if the case would come under scrutiny, what is the maximum consequence of it ?
Whether any justification can be given.