My Company has taken a flat on rent. An Employee stays in the flat and he does not pay rent to company.Also the Australian client stays in it whenever he visits India. Can the company take a stand that since the flat is in nature of Guest house, it is not taxable for employee and also the company Explain tax consequenses for company as well as Employee



Thanks in advance

Amit Parekh

Whether a Society registered under Societies Registration Act will be treated as Body Corporate under Companies Act 1956 for the purpose of Partial Reverse charge mechanism.

Dear Sir/ Madam
Can I now file my Individual ITR for Asstt year 2012-13 & claim refund in my ITR for Asstt. Year 2012-13 because i have tds deducted in f.y. 2011-12.

can now I file my Individual ITR for Asstt. Year 2012-13 & claim Refund. ( Non Audit Case )

Please reply for the same.

TDS has to be deducted on Commission or Brokerage (excluding Service Tax) u/s 194H as TDS is deducted on Rent (excluding Service Tax) u/s 194 I.

If Yes, Please Provide Circular or Notification for TDS deduction On Brokarege or Commission (excluding service Tax).

Hi,
I am already having house at Ahmedabad for which i am paying home loan EMI of 18000(20L Loan), which is occupied by my parents. Now i am going to get another house in Bangalore for me. For 2nd house, which will be on joint name of me and my wife, i will have loan of 40L (EMI 39000).
1. To get maximum benefits, which house should i declare as Self-occupied and which one as rent-out?
2. Second house is co-own and co-borrowed by me and my wife at 70:30 ratio, is this fine?
Thanks,
Kunal.

Hello Experts,

One of our employee had gone to US on official work for one week.

Apart from travel charges, Accommodation and food charges we have paid him DA of $50 per day .No need to provide any bills for that DA.

Is this DA taxable i.e do we need to add this DA amount to his income and deduct TDS .



Thanks in Advance

CAN WE DEDUCT TDS CONTRACT-94C & WORKS CONTRACT IN ONE BILL ? IF YES, IN WHICH CRITERIA THIS IS POSSIBLE ?. I REQUIRE YOUR GUIDANCE IN DETAIL.

Dear Sir/Mam,

My Friend is Working as a Consultancy in Private Organisation he get Rs. 250000/- per Annam, what will be Tax Payable my Friend and any return should be filed,Please Clarify it.

Thanks,

Regards,
Venkat

Facts of the Case:
An assesse is providing exempted services as well as taxable services in the healthcare industry.

The proportion of exempted services is substantially high than taxable services.

However, he wants to utilise CENVAT Credit against the payment of service tax for taxable services provided.

There seems no benefit in opting options under Rule 6 wherein proportionate calculation is required.

However, if the assesse maintains separate accounts for exempted aw well as taxable services, CENVAT credit will be utilised.

Query: What are the guiding principles for maintaining separate books of accounts ? How to bifurcate payment of service tax against input services for the taxable and exempted services ?

What if GMCS 1 is not Done within 1 year of articleship registration due non availability of seats.Please Help !!!