Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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Krishna Sudha says : Firm and partners - BEL for Service Tax
Dear Sir Professional service provided in the same premises by two or more individuals under the same firm name and these individuals are having their own separate client files and billings,would the service tax basic exemption limit of Rs.10,00,000 be applicable separately to all the individuals and firm Eg: A firm having 3 partners GTI Firm - Rs.10,00,000 Partner 1 - GTI - Rs.10,00,000 Partner 2 - GTI - Rs.10,00,000 Partner 3 - GTI - Rs.10,00,000 Can the BEL limit be enjoyed by each individually? Like above mentioned there is a clear demarcation in the client files and billings system. Kindly enlighten me on the same

praveen mishra says : Income tax
sir my company is incorporated as 01.01.2013 and and i opted financial year 1.1.2013-31.03.2014...was it compulsory for to finalized our books at 31.03.2013

venkataramana says : TDS on ocean freight
Sir, one company is paying ocean freight to shipping company can the company be liable to deduct tax on freight payment?

manish says : SERVICE TAX
IS THERE SERVICE TAX CHARGED ON TRANSACTION CHARGES OF A STOCK BROKER BILL

mahesh chandrakant jadhav says :
We have got a Temporary Monsoon Shed erected for 5 months payable on sq.ft rent. The contractor is charging Service Tax @ 12.36% on basic amount and VAT @ 1.5% on basic amount. The contractor is taking back all the materials on completion of the period and the state of occurrance is Maharashtra. Kindly explain why VAT is being charged since there is no direct or indirect transfer of goods Read more at: http://www.caclubindia.com/forum/vat-on-temporary-monsoon-shed-272120.asp#.Ur6YfftFbW0