Dear sir

We have received One bill from sub contractor and they are service provider
and Bill for the month of Aug-09
Please tell me in these bill we have
deduct tax as per new Rate which is applicable from 1 oct 09 or Old rate

If it is New rate than plese tell me on 7150/- how much tds deducted as per new rate

Plesae treted mater as most urgent.

I want to know what tax benefits are available on purchasing a wind mill.

goods are dispatched through omx transportaion. it is transportation charges or fright please tell me which expense..........

pls can some help me with audit program for network capacity review in telecommunication.kindly help me out

DEAR ALL

AS PER NEW AMENDMENT PAYMENT TO TRANSPORT OPERATORS (I.E. IN THE COURSE OF BUSINESS OF PLYING, HIRING OR LEASING GOODS CARRIAGES) IS NOT SUBJECT TO TDS UNDER SECTION 194C IF THE RECIPIENT FURNISH HIS PAN TO THE PAYER.
1. AN ASSESSE PAID LORRY FRIGHT CHARGES TO LORRY OWNER 33000 CONTRACTOR IS SUBMIT HIS PAN TO DEDUCTOR. DEDUCTOR IS LIABLE TO DEDUCT TDS ON FRIGHT CHARGES OR NOT AS PER NEW AMENDMENT.
2. ASSESSEE IS PAID TO TAXI DRIVER ERY MONTH RS. 35000 FOR TRANPORT OF HIS EMPLOYES AND FIELD WORK OF OFFICE. DRIVER HAVE PAN WE ARE TDS DEDUCT OR NOT AS PER NEW AMENDMENT.
3. LORRY OWENER IS INDIVIDUAL ASSESSEE NOT COMPANY AND FIRM AND HE GOT ONLY TWO LORRIES
PLEASE TELL
THANKS INADAVANCE

we are registered in Service Tax and Central Excise Both. We pay service tax on GTA Services used by us after taking 75% abatement. i have following questions:-

1. we Charge from our customers 10.3% service tax on services given by us, can we take modvat credit of service tax paid by us on GTA services after taking 75% abatement?

OR

2. Can we take modvat credit of Service tax paid on GTA Services after taking abatement of 75% in Central Excise?

3. Can we adjust modvat credit of telephone and mobile bills i.e. 10.3% in Service tax payable on GTA Services i.e. 2.575%?
Please clearify me in detail

Thanks

DEAR ALL

AS PER NEW AMENDMENT "PAYMENT MADE FOR PLYING, HIRING OR LEASING GOODS CARRIAGES. CASH PAYABLE UP TO 35,000/- ITS MEANS"

AN ASSESSEE PAID LORRY FRIGHT CHARGES TO LORRY OWNER 33000 THIS IS ALLOWABLE AS PER NEW AMENDMENT AND ASSESSEE IS PAID TO TAXI DRIVER FOR HIS BUSINESS TRIP RS. 30000 THIS IS ALSO ALLOWABLE AS PER NEW AMENDMENT.

PLEASE TELL
THANKS INADAVANCE

i find in the worked out examples no4&5 of tamilnadu vat act (WEB) in the note added that the input tax is not adjustable against vat collected by the seller & he is liable to penalty etc even when he is not registrable under the vat act as his turnover doesnot exceed the minimum. Is this correct?

Is there any one who having Gupta's Summary notes on IDT Nov-09?
Pls try to give as soon as possible

Please confirm whether the transaction is permissible under the Income Tax Act.

If so, what is the limit for the value of GIFT in CASH or KIND.

It may please be noted that if SON deposits the entire GIFT amount Rs.100000/-in his bank account, will there be any non-compliance in the Income Tax Department angle.