Rohit Gupta
08 January 2010 at 13:56
Dear All
In case a service provider give me a bill with the following bill, on what amount should TDS (say 10%) be deducted? Whether gross or net of service tax?
Service Amount : Rs 1,00,000
Service Tax(say) : Rs 10,000
Total Amount : Rs 1,00,000
Thanks and regards.
BHUPENDRA SINGH
08 January 2010 at 13:18
service tax on legal consultancy services is w.e.f 01-09-2009. So,wheather we are suppose to collect servicetax on services rendered before sep 2009 but bill raised after sep 2009 kindly help me.
abdulrahaman
07 January 2010 at 23:25
Dear sir ,
let me know the best tax planning for the following assesse.
1) The person is a doctor running a private clinic.In this condition which is the best method of tax planning mention below, if this person consists of wife (educated house wife),two minor chilren,father and mother.
a) A partnership firm of husband,wife,father and mother.
b) a private trust
c) any other tax planning
Anonymous
07 January 2010 at 21:34
Dear Sir/Madam
1. Is there a cap on immoveable property gifts made to relatives?
If yes then at what rate gift tax is levied?
2. What is the definition of relative?
Does a sister or brother fall under the category of relative under gift tax?
Anonymous
06 January 2010 at 21:23
Hello, Happy New Year 2010
Please suggest tax saving schemes.
Details as below:
salary 11L. I am claiming 80C for 1L and interest on housing for 1.5L. What else can help to reduce taxes. I am the only earning member with wife, 2 minor daughters and senior Citizen parents as dependents.
Some Inputs Gathered as below - however I am open to further ideas.
Please suggest if the following thoughts are feasible in my case.
A> Both husband and wife should, by obtaining gifts from older family members, have a separate Hindu Undivided Family (HUF) so as to claim a further exemption of Rs 1.10 lakh through proper tax planning.
B> If the couple has children, say, one son and one daughter, each one can separately form a trust for the would-be spouse of one child in such a manner that the initial exemption of Rs 1.10 lakh under the provisions of Section 164 of the Income Tax Act is available.
C> Besides, if either worships some deity, then he or she can have a private religious trust of one's own chosen deity. Such a trust would be liable to assessment as a separate taxpayer under the category of artificial juridical person and would enjoy a separate exemption of Rs 1.10 lakh.
D> Donation
Anonymous
06 January 2010 at 17:58
Hi.
one of my client has a business of
1. air travel booking. but he booked ticket from other travel agent and get commission. and
2. he manages tours in India means he booked hotels for client and arrange for car and add his margin and issue bill to client.
my query is whether he is liable to service tax? what is the limit? and how the same is calculated.
pls mail the reply to ca.mananshah@yahoo.com
Thanks and regards.
Anonymous
06 January 2010 at 14:04
Hi,
Please give me details whether Micro Finance NGO/Society are Taxable under Income Tax Act, 1961, ?
How to Tackle the Problem of Income Tax ?
How to get Exemption ?
Please help.
Thanks
Regards, Bikas C Saha
prasad
05 January 2010 at 16:55
My client (partnership firm)has started its operations as a franchisee from 1st July, 2009 & he operates from a Mall.The rent agreement is in the name of the franchisor & hence rent receipt is in the name of franchisor.My client has not deducted the TDS on rent.Now it has got a PAN & is applying for TAN.
Pls tell me what would be the appropriate course of action.Thanks
charudureja
05 January 2010 at 15:52
till when capital gain has to be deposited. daughter got money from ancestral property, so till when she has to deposit the capital gain
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Tax for Profits from Futures and options
Hello ,
I am salaried, I also do trading in free time. I would like to know below.
1) How to calculate the tax for the profits earned from futures and options ?
2) If incurred losses can i carry those losses to next financial year.
3) If I donate the profits earned in trading to construct a temple, do i need to pay tax and how to declare it in my IT returns,