prasad joshi
23 June 2009 at 10:33
I deliver lectures in a reputed institute.They pay me 'honorarium' as per the wording in written used by the Director of the institute itself .However there is no written contract between me and the institute.As per the Director, this is an excessive formality!!!Can the institute under such circumstances apply TDS on my honorarium? Is contract an excessive formality?This is not only my case; but a case of 43 visiting faculty members.
Please guide me in this matter.
PRIYANKA BHATIA
19 June 2009 at 18:57
Employees & Employers Contribution in PF is 12% Of salary.
Definition of salary in ACt is Basic Salary & Dearness Allowance.
Do Overtime is covered under the definition of salary for the purpose of PF Contribution.
Akhil
16 June 2009 at 10:23
If income is falling under a particular head of the income for the purposes of income tax ,Can it be dragged as deemed income under some other head for benefit of the tax revenue by the department.
Please advise
Akhil
15 June 2009 at 10:29
Dear All
We are executing Operating,Marketing and Technical services agreement with the Owner's of the property having Hotels.Under the agreement we are running the operations of the Hotel by placing General Manager and other managers of the department.Also the complete marketing support for Hotel is from our end.For this the Owner of the Hotel is paying a percentage of fees on gross operating income of the hotels monthwise.In the bills raised we are charging service tax.But the Owner's are disputing service tax as they were saying that the services are not leviable.Accordingly we have not deposit the service tax with the department.But now we have received notice from the department for payment of service tax.
Please advise whether we are liable to deposit the service tax or not.
saifraj
12 June 2009 at 11:57
We are manufacturing exicisable goods paying full rate of exise duty. We can avail service tax credit. Please tell me which credit we can avail ?
Out of Telephone bill, Bank charges, Labour charges, carriage bills, consulation fees, repair charges of machinery, manpower supplier or any other
Vivek Handa
11 June 2009 at 16:03
dear all
assessee filed allhis returns u/s 44ad prior to audit u/s 44ab for the year 2006-07.
opening capital and WIP shown at 12.5 and 8.5 lacs respecitavly
working since 1991 and filling returns regularly since 1999 on notional basis ie @8%
how to justifie opening balances of capital and work in progress
Debashis Saha
10 June 2009 at 20:06
X Co.Ltd.,is a tenant of an immovable property. A Suit was filed and the Ld. Court directed X Co.Ltd.to deposit the rent with Rent Control Authority. Is there any liability of X Co.Ltd to deposit the service tax payable (not demanded)on rent alongwith the original rent
yogesh1250
10 June 2009 at 16:15
dear all
We are saling one product. the prodct P.O. is open m which has not mentioned any specific date of closing order. they have issued seprate order of design & devolopent charges.we are issuing sale invoice against devolpment & design charges with include service tax.
is it correct?
Because of I heard excise duty will be applicable on devolpent / design charges & devolpent charges are dividing per quatity product & add excise duty in issuing prodcut invice, which has issued with excise.
kindly give the suggestion on same issue
. if excise applicable on devoplent charges, it is double taxation.
raj
09 June 2009 at 22:21
I received my gratuity payment in my a/c through my previous employer on 31st march 2009. Is it taxable? & If yes ,can I deposit the tax on it without attracting any penalty? & till when.
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