kindly confirm that service tax is exempted or not on sale commission in india for indian company for FY 2006-2007 & FY2007-2008

We are in the process of setting up a power generation and supply
company in Maharashtra.

Can anybody help me with the compliances from company law and legal
side. Does any one have a checklist or a compliance chart for setting up
of power generation/ supply company.

I have researched on the topic and note that the Electricity Act, 2003
and the Rules framed thereunder, Electricity Supply Act, Electricity
Regulatory Commission Act would be applicable. Further, certain licences
also need to be obtained from MERC.

Looking forward to your support,

Best Regards
Purvi Parekh

Dear all

I refered section 80G in income tax but not included NGO in that section..

So, how can i confirm for deduction u/s-80G???
Reply me...

my client in retail has a swiping machine. whenever he makes a sale through the credit card, the bank charges him a 1.7% commission on the amount that is credited to his account. they also used to charge service tax on the commission amount.

however, now the bank has started charging commission on the total amount credited. since ST rate is 10.3%, this makes a total cost of selling 12%, which is eroding the margin...

my query is whether the value adopted by the bank is proper.

thanks

After Delhi High Court judgment and stay on levy of applicable service tax on premises leased out for commercial purpose, does service tax department can still demand service tax @ 10.30% on rent from lessor in view of last month above judgment in favour of assessee.

Pls give your opinion on this.

HI WE ARE THE MAFG UNIT AT DAMAN & WE PAY SERVICE TAX ON GTA I WANT TO KNOW IN DETAILS ABOUT GTA KINDLY ADVICE THAT ON WHICH WEBSITE I GOT THE INFORMATION

I WANT TO KNOW THAT WHO IS ELIGIBLE & WHAT IS THE LIMIT FOR GTA.

Dear all ..
please answer of my query..

Donation given to NON GOVT. ORGN. Can we can take examption u/s- 80G???

Thanks for Opinion in advance..

Respected Professional Friends,

As per the recent amendment to Sec.56,".As per the proposal, shares received without consideration or for inadequate consideration, the aggregate fair market value of such property over and above the consideration, if any, paid, shall be considered as income of the recipient.”

So my question is,” If a person transfers the shares of a PRIVATE LIMITED COMPANY, will this section be applicable; if applicable, what will be the rule for valuation of shares? Means how can the fair market value of the shares be found?
Thanks.

hi moderator,
i m a new member of ur forum.i was going thru mails written by other members ,they were very helpful. i have 2 quaries regardiing my HUF account.
1.my husband was the karta ,he expired last year,me n my minor son are the member of above said HUF.NSDL has asked me to get succession certificate as HUF has desolved? is it true? if so than can u give the reference of it.
2.HUF was generated by money gifted by my sister inlaw who is married ,now asking me to return that money , am i legally responsible to return that money? my husband already returned that money to her after earning but i dont have legal documents of that n she is denying n threatening me to go to court.