manpower contractor raised a invoice to us rs.112360 inclusive service tax rs. ?12360@12.36%. so what should I pass journel entry under reverse charge by Ganeshbabu K on07 August 2014 Dr.Manpower Charges A/c 100000 Dr.Service tax input A/c 12360 Cr.Manpower Contractor name (balance fig) Cr.TDS Payable Contactor 194C 2%/1% on 1lakh but under reverse charge we have to pay 75% service tax to directly govt. in this case how can we pass above entry

In IPCC, law paper, for november 2014 whether we need to study old companies act 1956 also along with new companies act 2013? Kindly clear!!

As It is mandatory to appoint company secretary for a private limited co which has 5 crores paid up capital.
But is there any alternative for avoiding penalty when Company secretary is not appointed.

Thanks
Srinath

when ipcc result

Is Transportation of foodgrains liable to TDS deduction?
1 of our client deals in payment to transporter which carries foodgrains. So are we liable to deduct TDS on the payment??


Please reply asap

Thanx in advance

Under Income Tax Act, one can substitute FMV of listed equity shares as on 01.04.1981 as it's cost of acquisition if the shares were acquired prior to that date. However, can any one guide me where do I get (reliable and acceptable to ITO) market price of listed equity shares (for example HUL, L&T and similar other A category shares) as on 01.04.1981 ??? Does any website or database has such historic data ?? Even BSE has data unfortunately only from 1991 !!!!!

hi,


if i opt for a composition scheme under vat for works contract other than a construction contract charging 8% tax on vat will i be still be liable to pay service tax?

An individual provides services of renting of premises
to a company. The company pays rent at fixed rate.
As per agreement, sum paid towards rent is inclusive
of service tax i.e. service tax will be determined by
individual and rent received will be deemed to be
inclusive of service tax.

Query is how service tax will be computed

Amount of rent received divided by 112.36%*12.36%

or first, property tax will be deducted and from remaining
amount of rent received, aforesaid formula will be
applied.

In short query is whether property tax paid will be deducted
for determining service tax.

Is Tds deductible on ocean freight and other handling charges??? what if service tax have been charged on it?

If there is no tds deducted in this financial year, should we file nil return quartely.It is mandatory or not.