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
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