we are in receipt of service tax notice prescribing for payment of penalty for non filing of return? my question is that
If value of service is below threshold limit then is it necessary to pay the service tax & file service tax return for the same year?
If penalty is imposed for the same reason the n is there any sufficient grounds or provisions to waive that penalty under service tax act?
Please guide me.

I have a query on claiming deduction u/s 24 and 80C of IT act

Suppose I have taken a housing loan which is on joint name of me and my wife. EMi is being paid by me only but my wife is also earning. My Salary is 35000/month and my wife's salary is 25000/month.
Principal paid udring the year is 125000
and interest paid is 140000.

Questions
1. Can I and my wife both claim an expemtion u/s 24 & 80.
2. if yes, Can I and my wife claim 150k each or that will be subject to maximum of interest due in a year
3. What would be the deduction under sec 24 & 80C for me and my wife

sir,

suppose, when i sale a goods i charge freight charges . so, if the builty amount exceeds Rs.75000 so can i deduct T.D.S on freight party(if registered)
. But in law i read that T.D.S IS NOT DEDUCTED ON transportation

Is reserve on amalgamation ,revaluation reserve and capital redemption reserve are considered for calculation of net worth of a company.

Dear Sir,

American Express is giving Assets Allowance to its employees along-with Basic salary, HRA, Transport Allowance, LTA etc.

Please let me know what is 'Asset Allowance' and what is treatment under income tax , I mean is it taxable in the hands of employee like any other allowance or not?

Dear Sir, Can we charge Service tax on claiming the reimbursement of Expenses. As per the Agreement with the client we can claim the reimbursement. Is there notification / circular for Service Tax on reimbursement of Expenses like Travelling, Lodging & Boarding, etc ??


Please Advise ??

Hi,

Please, help understand if the service tax input can be availed on the Service tax reverse charge payments, and for which all categories of services can inputs be availed.

Venkatesh

Dear Sir,

Can we charge Service tax on claiming the reimbursement of Expenses. As per the Agreement with the client we can claim the reimbursement.

Is there notification / circular for Service Tax on reimbursement of Expenses like Travelling, Lodging & Boarding, etc ??

Please Advise ??

dear
a dealer whose turnover exceeds 2 crores in a financial year is applicable for excise duty under the excise duty act 1944.

dear sir

suppose A receive some services from GTA let say of rs. 1000/- ,
now he will pay service tax on 25% under RCM

but
when he will raise invoice to his client let say of rs. 3000/-

on which amount he will charge service tax