Edu cess on Service tax
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2010
Dear Sir,
present rate of service Tax is 10.3.
if am are right then breakup off that is following.
Service Tax 10 %
edu cess 2 %
higher edu cess 1 %
------
10.3%
present rate of service Tax is 10.3.
if am are right then breakup off that is following.
Service Tax 10 %
edu cess 2 %
higher edu cess 1 %
------
10.3%
Ravi Karda
(Querist)
05 February 2010
Dear Sir/Madam
As per my knowledge it is mendatory for the client to register the PF Fund created for its Employees under LIC Agreement.
I am facing a problem regading the case stated below.
A Firm provides its Employees PL (P.Leave), which accumulates & Employee gets cash against its accumulated PL at the time of Retirement / VRS. A scheme under LIC was created to Payment made to LIC on Annuity basis a sum fixed on Actuarial Basis.
Whether the registration of the above fund under Income Tax Act / Rules is madatory with Income Tax Deaprtment to Claim the above expenditure under Income Tax Act.
Quoting Any Circular / Notification / Direct Section Referance will be highly appreciated
Regards,
Ravi Karda
As per my knowledge it is mendatory for the client to register the PF Fund created for its Employees under LIC Agreement.
I am facing a problem regading the case stated below.
A Firm provides its Employees PL (P.Leave), which accumulates & Employee gets cash against its accumulated PL at the time of Retirement / VRS. A scheme under LIC was created to Payment made to LIC on Annuity basis a sum fixed on Actuarial Basis.
Whether the registration of the above fund under Income Tax Act / Rules is madatory with Income Tax Deaprtment to Claim the above expenditure under Income Tax Act.
Quoting Any Circular / Notification / Direct Section Referance will be highly appreciated
Regards,
Ravi Karda
CMA Ramesh Krishnan
(Expert)
05 February 2010
Yes. 10% Service ta 2 % e.cess on ST & 1% SHE.Cess on ST Total 10.3
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- Non filing of I T Returns
- UDIN ISSUE
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
