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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- GSTR9 Annual Return
- RCM and same line
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
