Is it correct that service tax on rent of Commercial Property is withdrawn.If it is so kindly provide some G.O or notification.
Thanks
what is status code?
Where ca i find the status code for filing the ITR
In case of a lease transaction, who has the right to capitalise the asset?,lessee or the lessor. In this regard, is there any contradiction b/w AS and income tax act. To be precise in IT we treat lessor as the legal owner of the asset though he donot capitalise it. Please give me an expert opinion.
In case of a lease transaction, who has the right to capitalise the asset?,lessee or the lessor. In this regard, is there any contradiction b/w AS and income tax act. To be precise in IT we treat lessor as the legal owner of the asset though he donot capitalise it. Please give me an expert opinion.
we are a mfr, availing full cenvat credits on inputs & charging full excise on finished goods. we are also having service tax regn. (we are not service provider)taken only to pay service tax on freight on inward goods (abatment-25% of value of freight). we pay this service tax by cash under TR-6. Now, (1) can we take cenvat credit of this service tax paid (at leser value) on inward freight ? and (2) as an excisable unit, can we take cenvat credit (in excise)of service tax paid for input services like BSNL telephone bill, general insurance premium, courier bill, ISO audit fees bill, legal & prof. charges' bill (all bills in the name of the company).
If yes, please provide relevant reference of rules /noti. etc
regards
anckoora
we are a mfr, availing full cenvat credits on inputs & charging full excise on finished goods. we are also having service tax regn. (we are not service provider)taken only to pay service tax on freight on inward goods (abatment-25% of value of freight). we pay this service tax by cash under TR-6. Now, (1) can we take cenvat credit of this service tax paid (at leser value) on inward freight ? and (2) as an excisable unit, can we take cenvat credit (in excise)of service tax paid for input services like BSNL telephone bill, general insurance premium, courier bill, ISO audit fees bill, legal & prof. charges' bill (all bills in the name of the company).
If yes, please provide relevant reference of rules /noti. etc
regards
anckoora
Whether a civil contractor raised a bill to us Rs. 1,00,000/- plus 4% WCT Rs. 4,000/- bill amt Rs. 1,04,000/- and add on service tax @3.09% Rs.3214/- on total bill amt Rs. 104000/-. Please clarify that Service Tax deduct on Rs 1 Lac or Rs. 1.04 Lac.
Please Urgent
wats the depreciation rate for computer, machinery and furniture ...plz help me out
In my one of the co., we have received the income in foreign remittance, and i have raised the bills for each month last date, so, how should i book the income into my books of account and at which rate it should be consider ?
Regards
Mihir Bhagat
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