Where property has been purchased by the father in the name of his minor son, recoery of tax due from the father can be effected by attachment of the property standing in minor's name.
Dear Sirs
We are the Manpower out sourcing Service Providers, also providing contractual employees to different Organisations.
Shall Service Tax be calculated on the Total bill of the Salary of the Contractual employees
or Shall the Service Tax will be calculated only on our Service Charges (based on our service odderings) only ?
Is there any rules refarding the calculation on total wage or on service charges only ???
May i get a proof of the copy please ??
Regards
Pragatika Mishra
Interest can not be taxed in all a lump sum on the date on which the Court passes an order for enhanced compensation but that it has to be spread over on an annual basis right from the date of delivery of possession till the date of the order of the court on a time basis.
Whether it is correct or not ?
Dear Sir,
The BPO service is taxable service or not ? the service is come under which head and section?
Thanks & Regards
Dharmaraj.L
Dear sir,
'A' is a proprietor of his firm in U.P.& wants to transfer his proprietorship to 'B'.
what r the formalities of sale tax, income tax & which forms no.is used in the above formmality & what procedure should 'A' adopt.
Dear Experts
Can any body have Form 16 / 16A in Excel Format for the Accounting year 2007-08, 2008-09 for salary person
Regds,
NAc
Dear Sir,
my name is Anit Aggarwal. i m doing ca-inter with articleship and i m interested to do llb in taxation. so it is good and if it is tell me the name of some good colleges in mumbai, delhi or bangalore
Sir,
We are running schools under charitable trust. Trust name is Citizens Welfare Asso. And school name is Billabong High International School. We are using Brand name of (school name) another party and for the same we entered into an frenchise agreement. According to agreement we will pay some percentage of fee collected from students to our frenchise i.e. to owner of the brand name/School name.
Now the matter is this that they(owner of brand name/school name) are charging service tax on their frenchise commission, so are we (the trust) liable to pay service tax to them?
Sir ,
Section 72A(4) of Income tax Act 1961 defines as under :
Not withstanding any thing contained in any other provisions of this Act , in case of a demerger , the accumulated loss and the allowance for unabsorbed depreciation of demerged company shall
A) where such loss or unabsorbed depreciation is directly relatable to the undertaking transfered to the resulting company ,be allowed to be carried forward and set off in hands of the resulting company
B) where such loss or unabsorbed depreciation is not directly relateable to the undertaking transfered to the resulting company be apportioned between the demerged company and the resulting in the same proportion in which the assets of the undertaking have been retained by the demerged company and transfered to the resulting company and be allowed to be carried forward and set off in the hands of the demerged company or resulting company as the case may be .
A company plans to move application for demerge of business under above section . As the section in it self is silent regarding continuation of demerged business.
A) Whether the resulting company has to carry the demerged business in next years to avail tax benefits .
B) If yes to what extent the income shall of demerged business constitute the total income
In case any one can refer any decided case laws on above subject.
With regards
Sandeep
Excise payment
in whose favour cheque should be drawn for the payment Excise Duty & Service Tax.