Anonymous
18 November 2010 at 16:22
Would like to know Hoarding Rent is liable for payment of service tax under the category of “Space Selling Services” as defined under Section 65 (100) (zzzm) of the service tax Act. Will co-operative society have to be registered with the service tax department or is it exempt. Please note than hoarding rent is above Rs 10 lacs per annum.
Anonymous
18 November 2010 at 15:55
We are a share broking firm and also into PMS business. We are paying transaction charges to BSE and NSE which is also charging us service tax. We in turn charge our clients transaction charges and also collect service tax on same. Can we claim cenvat credit on ST paid by us to exchange?
Can u please give us the reason for either yes or no or the relevant notification no.?
yadappanavar
18 November 2010 at 10:17
sir,
unit 1 is the abc directors are xyz
another unit is the def directors are xyz
what is the status of sales turnover for central excise
first unit name is abc taken the excise registration
second unit name id def not taken the excise registration
this case both turnover consider as ??????????
give some valuable advise
SUBHASH SHARMA
17 November 2010 at 16:34
One of my client INDIAN BANK has deposited the TDS for the Qtr April 2010 to June 2010 quoting the other TAN of same Bank in same state, Ghaziabad.
What to do to get the credit of the TDS and to file the TDS return as Bank has not yet filed the E-return for the Ist Qtr of 2010-11 and what penalty will be imposed in case of delay of filing of TDS return.
Thanks/Regards
Subhash Sharma
M-9891338895
Anonymous
17 November 2010 at 08:31
Dear Sir
Would like to know Hoarding Rent is liable for payment of service tax under the category of “Space Selling Services”. Will co-operative society have to be registered with the service tax department or is it exempt. Secondly whether the Co-operative society has to collect the service tax and pay the same by the 5th of the next month or would the advertiser would be liable to pay the same. As the advertiser in this case is the service provider to his clients and the society has just allotted the space, but collecting rent. Kindly also clarify under what head of income would the hoarding rent received by the Co-operative society be taxed.
Awaiting your reply in the matter and thanking you in advance
MANOJ MANGAL
16 November 2010 at 14:57
IN CASE OF AMC OF PRINTERS CONTRACT WITH M/S XYZ LTD OF HYDERADED, A.P.,IN PURCHASE ORDER (PO)IT IS MENTIONED THAT COMPREHENSIVE AMC OF PRINTER (INCLUSIVE OF SPARES & CONSUMABLES),HE WILL CHARGED 0.25/- PER COPIES i.e. THE BASIC PRICE IN ADDITION TO THIS, IT WILL CHARGES VAT @4% EXTRA AS WELL AS SERVICE TAX @10.3% ON ABOVE. SUPPLIER i.e. M/S XYZ IS RAISING THE INVOICE (HAVING TIN nO. & SERVICE TAX REG. NO.) WITH BASIC PRICE, VAT & SERVICE TAX. I HAVE PAID THE TOTAL AMOUNT OF INVOICE.
CAN I CLAIM THIS VAT INPUT AMOUNT AT THE TIME OF PMT. OF VAT OUTPUT TAX.. WHAT IS THE PROVISION FOR CLAIMING THE VAT INPUT ? PL. EXPLAIN IN DETAIL...
Anonymous
16 November 2010 at 14:45
Prior to my joining my present employer in July 2010, I was a self employed person. In November 2009, I had opened a PPF with the SBI New Alipore Branch, Kolkata, W.B. In my PPF A/c No. I had deposited Rs (1000-+15,000/-) respectively while opening the above account. Further I have claimed and availed Tax Exemption in respect to my above account for the year 2010-11 and have also filed my ITR in July 2010.
Please advise if I can claim exemption for Rs 16,000/- only in respect to my above existing PPF account and file my return for the remaining period i.e. August’ 2010 –March 2011 since now that I am into service . Can I deposit some amount in my said existing PPF account and claim exemption together with the existing amount of Rs 16,000/- if there is any other procedure then what is it? Kindly treat this urgent and reply accordingly.
Thanks & Regards
Shamba Dutta
Anonymous
16 November 2010 at 00:10
I have a question about the India Canada DTAA. Article 11 section 3(a)(i) of the DTAA appears to make interest given by Income Tax India to a Canadian NRI tax free in India. Please let me know if I am correct. Thank you.
SUBHASH SHARMA
15 November 2010 at 18:26
ONE OF MY CLIENT HAS WRONGLY EXCESS EXCISE CHARGED AND DEPOSITED.
WHAT IS THE WAY OUT TO ADJUST THE EXCESS AMOUNT.
REGARDS
SUBHASH SHRAMA
ADVOCATE
M-9891338895
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Taxable head under income tax
Kindly clarify under what head of income would the hoarding rent received by the Co-operative society be taxed under the Income Tax Act, 1961. Is it Income from house property / Income from Business / Income from other sources. Any caselaw available