After applicability of reverse charge of service tax on advocate services. TDS on such services will be deducted exclusive of service tax. is that true?

There is a medical reimbursement of Rs.15000 to an employee which is exempt u/s 17(2). How to show this amount and deduction from salary income in form 16 and form 12bb.
Can the income be shown net of this amount?

I have filled ITR 4 for AY 2012-13 as i am a LIC Commission agent.

I got My refund..Thanks to everyone who suggest me on this website regarding how to file it.

Now in For AY 2013-14 which form i will use? ITR 4S? because in efiling download option the only form avlble is ITR 1 and ITR 4S.

I just earn from LIC commission , so no audit and all.

just advice me this time also.
Thanks

Dear Experts,

One Employee received Interest free staff loan from Company during the year 2012-13. My Question is how much percentage of interest taken as his perquisite.

Thanks for your support.

Kindly update, where is TAX Free Zone (Beginning of to be begin) in India and what is its benefits and how??

MKM

Some companies are issuing Pref. Shares presently in the market coupon rate of 8.33%
This is tax-free in the hands of investor.
If we assume that DTC will be passed such as per final draft, will this i.e. Div. on pref. shares will become taxable in hands of investor?

Please advice

Pankaj Ajmera

hello sir/ma'am

i have cleared my CA-cpt and i just finished giving my ipcc exam(may 13 attempt).I wish to pursue C.S too,i wanted to know is there any kind of exemption available to me as a cpt cleared candidate ?

Dear Experts,

In case of Govt. Employees their March Salary is received in the month of April and as per charging section of Salary it is taxable on due or receipt basis which ever is earlier.
So It sud be taxable in the month of March or April ?

Please Reply on urgent basis .

I request the expert to help me.

My client has a contract to do foundation work for a cell phone tower construction company.

suppose :

"A" is the cell phone tower construction company.
"B" is my client : a sub contractor only for the purpose of site formation and foundation work.
"C" is a local sub contractor(mason) hired by my client to do the entire site formation and foundation work.

There is a confusion regarding the service tax liability. Points to be noted are :

1. In the sub-contractor agreement "A" mentions that the quotation is inclusive of all taxes( ST has to be grossed up).

2. "C" is an unregistered service provider as his turnover does not cross 10lacs.

3. "B" has taken the sub contract from "A" and further sub contracted it to "C" for a profit margin of 5%. ( for eg: contract from "A" Rs.100 inclusive of all taxes. Contract to "C" by "B" @ Rs.95.)

4. If my client ends up being liable for service tax he will end up in a loss as his margin is only 5%.

5. Who is the principal contractor that will be finally liable under ST.

6. If my client is liable can he get CENVAT CREDIT for the service tax portion he pays ?

Dear Expert,
my client is a members club and under its premises it is operating restaurant (centralised A/C), Bar. and some time it is providing space to the members for some function.
My query is club is liable for service tax?
AS per discussion with various person i get that club and members are not different person there is a relation as principal & agent. and service tax applicable on service provided by one person to other for any consideration.
the other part is that if service tax is not applicable then what should i do about all taxable services provided by the club,like restaurant services, bar
pls give me the solution as soon as possible on urgent basis

thanks
ajit tiwary