Tax planning
Querist : Anonymous
I have a practical problem & need your help:-
There are 3 companies in a A, B, & C.
Company "A" has Vehicle, which are used by Co. "B" for hiring them to co. "C".
Company B receive transportation charges( which is his only source of income) from co. C, out of which it pay a fixed amount (for paying EMI to bank by co. A) to co. A.
If CO. A show amount as Rent than it has to charge TDS (@ 2% & S. Tax 10.3%
Deducting TDS is no problem as "B" can adj. agst Tax Liability.
Question is how we can save the Ser. Tax amount.
Pls suggest me a way come out of the problem.
Many Many Thanks
Rahul
Querist : Anonymous
Whether Co. A show the amount which he receive from company B as transportation charges. In that case co. A is not required to charge service tax.
Pls suggest your view in the matter
Thanks
Rahul
Querist : Anonymous
Thanks:
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