Notification 12/2012 issued on 17th March, 2012 point 28 exempt unincorporated body and entity registered as a society to own members by way of reimbursement of charges or share of contribution- upto an amount of five thousand rupees per month per member for sourcing of goods or services from a third person for the common use of its members in a housing society or a residential complex.

My Query is whether rupees 5000/- is threshold limit or supposingly society collects 6000 then whether service tax is payable on Rs 1000 or Rs 6000 (if threshold limit).

Further commercial co-operative society are taxable without any limit and if residential co-operative society also become liable for service tax. In the given case if society is not registered then how to do service tax registration? Is society is required to get registered first or is there any other way to get registration under service tax

Dear Sir,
How to apply for membership?can i download from 2 from site?? which all are documents we have send to icai? please tell me all procedure

Dear All,
As I want to know, whether AS-22 applicable on Life insurance companies,
If yes then any exemption to not follow AS-22 to them?
and whether they mandate to show deferred tax in Balance sheet too?
Please give your precious response...

There has been an expense where TDS was deductible by the assessee u/s 194A, but was not deducted and such expenses was disallowed for non deduction of TDS u/s 40(a) of the Income Tax Act while computing his taxable income.

My Query is whether Penalty can be levied u/s 271C for non deduction of TDS on such expenses where they have been disallowed u/s 40(a)?

MY name is santhosh and i have completed CA-IPCC with MPC background in nov 2013 and joined articles in hyderabad. I have a desire of doing MBA in IIMs.Is this a good idea at this stage? Please give your opinion and guide me..(I applied for b.com(A&F)in ignou as there is MOU with ICAI and i can have my graduation within one year).

Can an individual who is a minor, accept gift from his Grand father's Sister without paying any income tax.
Note : Since the individual is minor and cannot give consent for receipt of gift, the gift would be accepted by the minor's father for and behalf of minor.
Thus can it be construed that the gift is received by minor's father from his father's sister and not chargeable to tax.

Dear Sir,

Pls help me for tell the difference between Modvat and Excise Duty.

Dear Experts,

Income derived by providing accomodation as a paying guest would be taxable under house property or business profession?

Also can hra benefit be claimed by the person paying rent on the basis of rent receipt?

Assessee is a private limited company. Return of Income was filed declaring loss. TDS credit was claimed. Deductor has not deposited the TDS with the ITD. During the scrutiny proceedings the A O verified the party statements which shows that TDS has really been deducted. Deductor was also summoned for giving statement regarding the transactions with the assessee. However, while passing the order acceptance or otherwise of the TDS claim has not been mentioned by the A O. Whether, the A O is not duty bound to pass the order either to accept the TDS claim or reject the same while passing the assessment order; especially when the amount of TDS is substantial and the credit has been claimed in the RoI.
Thanks in advance

I have cleared CA Final in Nov 12, Age-22 now, Thinking of doing IAS, but not able to make up my mind to proceed with it or not.
Please suggest with reason.......