Prajna Acharya
17 July 2009 at 18:05
I want to know how to compute income of L.I.C. Development officer's income under Income Tax Act, particularly with regard to allowance of expenditure (giving an example wit fict. figs if possible). further please provide me any case laws for claiming such exps in case the same is not as per sections of the income tax act.
Thanks in advance.
kk
16 July 2009 at 23:32
we are payor for services received from USA company and we are paying royalty so at time of paying royalty do we need to reduce service tax from royalty ???(I donot mean TDS)
so is ther any DTAA agreement with USA for dedudtion of service tax on royalty paid??
please give me link of DTAA ..........
P.S.Subbaraman
16 July 2009 at 20:01
If a Father and son are practising as Advocates .Are they liable to pay Service Tax and whether they come under the definition of "Association of Persons".
Whether the applicability of Service tax on legal firms has been duly notified or not ?
R_PVK
16 July 2009 at 14:48
Dear sir
My mother is likely to acquire a propery worth of Rs 39 lakh since she had filed for succession certificate after my uncles demise .The query to understand is that this property will be treated as gift? if so what will be the liable tax when the property sold today or a year after please give your expert advice
Regards
R_PVK
K. Sundar Rajan
15 July 2009 at 16:10
According to Supreme Court decision in respect of Lokshikshana case, "Education" means only what is taught in Schools and colleges and does not include any other form of education which helps an individual to manage his life better; which inculcate certain values for leading a stress free life and also which helps an individual to develop skills for inter personal relationship; communication etc and also Meditation and Yoga.
My query is whether such value based education which helps a personal to transform himself / herself is also "Education" and hence covered by Sec.2(15).
Can you please elucidate.
Guest
15 July 2009 at 14:57
Friends,
We have a seminar on SEZ Service tax issues. W would b thankful if u can provide any kind of useful material on the subject.
Guest
15 July 2009 at 12:24
CLICK THIS ONE:
http://economictimes.indiatimes.com/articleshow/4771601.cms
Nehal
13 July 2009 at 17:04
In case a Company buys back its Foreign Currency Convertible bonds at a discount to its face value, what is the accounting treatment, i.e. whether it is a capital gain or an income to be credited to P&L Account? If anyone has the accounts of any such transaction of a company, please provide that also or any such refrence material on nsnehalshah@gmail.com.
motilal
13 July 2009 at 15:58
SERVICE TAX IS EXEMPT UP TO RS.10/-LACS.
DURING THE YEAR WHETHER SERVICE TAX IS PAYABLE AFTER FEES EXCEED RS.10/- ON EXCESS OF THAT LIMIT OR ON WHOLE OF FEES RECEIVED DURING THE YEAR ?
KINDLY ENLIGHTEN IN DETAIL THE PROCEEDURE.
THANKING YOU,
MDG
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VAT RETURN
ONE OF MY CLIENT GOT VAT REGISTRATION IN NOIDA, BUT NOT YET FILED HIS VAT RETURN TILL DATE.
NOW HE HAS TO TAKE FORM 38 FROM THE DEPARTMENT OF COMMERCIAL TAX ( SALES TAX )
HE HAS BEEN DOING JOB WORK ON CLOTH AND USING INK ( CONSUMABLES ).
MY QUESTION IS SHOULD HE CHARGES VAT ON WHOLE VALUE FABRIC + JOB WORK CHARGES + MATERIAL USED OR ONLY ON MATERIAL USED.
IS VAT APPLICABLE ON IT AT WHAT RATE.
IF HE DONT DO THE JOB WORK ONLY DO TRADING OF FABRIC. IS TAX EXEMPT ON IT.