S. Krishnamoorthy
16 December 2008 at 20:49
My company has been the service provider for a MNC Bank. The bank deducted the TDS on our bills at the normal rate of 2+%. This year they have been deducting the TDS at enhanced rate of 12+%. Consequently, the TDS on receipts and the advance tax paid by us will be more than the tax liability. This necessitates huge refund by the IT department. Can we approach the ITDept to permit the deduction of TDS at a lesser rate so that in the remaining months the TDS amount would be less and would also reduce the refund liability by the IT dept. If yes, what is the procedure? To whom to approach? Is there any format or form prescribed for the purpose? I shall be grateful for a reply.
S. Krishnamoorthy
Prashant Kumar Jha
14 December 2008 at 17:54
i want to know that in a copper ingot manufacturing plant LDO as fuel is used for smelting the copper scrap, whether the entries of LDO as fuel is necessary in form IV register and whether its stock and consumed statment should be given in ER6 alongwith monthly return to excise deptt. Please let me know
pradip patel
13 December 2008 at 12:06
Sir,
Exemption U/s. 10(14) or any other deduction under Incometax Act is allowable in case of expenses incurred by a Development officer of L.I.C.Of India from Incentive Bonus and Additional Conveyance Allowance recived by him?
Please answer.
Keshav Kumar Saxena
12 December 2008 at 18:45
Please tell what liabilities a person has as per income tax If he has only income from his previous investment as interest upto Rs.100000/-
Dheeraj Aggarwal
11 December 2008 at 13:41
There is a practice adopted by hotels to give complimentary breakfast to its guests. Sale of food falls under VAT. However, on hotel bill, no VAT is payable. Can VAT authorities levy VAT on notional value of breakfast included in room tariff?
V V SATYANARAYANA
06 December 2008 at 17:21
Sirs,
We avail CENVAT credit re.the services tax paid on the services received againt our output service.
The Invoice has all the particulars of Rule 4A(1) i.e. name, address & registration number of Service provider;
(ii) name and address of the person receiving the taxable service;
(iii) description, classification and value of taxable service;
(iv) the service tax payable thereon.
But, the date of Invoice is 24th .
Since the bill is to be issued not later than 14 days from the date of completion of such taxable service or receipt of any payment towards the value of such taxable services whichever is earlier.
Since the date of the invoice is not within the stipulated period though other ingredients are fulfilled, can the department refuse giving me CENVAT Credit.
Kindly clarify and reference of supporting case laws if any.
Thanking you.
Keshav Kumar Saxena
06 December 2008 at 17:03
Please tell the maximum exemption limit of income from interest under Income Tax Act ?
M Sandal
06 December 2008 at 11:23
pl clarify
(i)As per Sec 24 of IT Act, intrest on borrowings for housing repairs are allowed to be deducted as loss from property and allowed to be taken into account by the DDO / employer for TDS .Ifeelintrest on personalloan - and not only int on housing loans - for repairs of self occupied house is allowed by the DDO/ employer. . Pl quote any clarifications given by CBDT/Courts.
(ii) Whether DDO/Employer can demand rent receipts for rents upto Rs 3000/- as allowed by the CBTD Circulars pl clarify. Pl quote any clarifications given by CBDT/Courts.
Dnyaneshwar
06 December 2008 at 11:07
If i goods sold to Germay.in this Case TCS is applicable or not.If applicable by what Percent.
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
service tax on goods transport agency
As per service tax act service tax to be deducted on 25% value of Goods Transport Agency bill and can take credit after deposit the service tax amount if make transfer sale. My question is can we utilised cenvat credit to pay service tax amount on Goods Transport Agency?
thanks
ramkishan