Please advice as to whether the service Tax will be charged on amount collected for fumigation/disinfestation of Export Cargo in Containers at Inland containers Depot/Container Freight Station or not. If yes under which Service.
If aservice provider is providing the service of Storage & warehousing ,Cargo handling to Service receipnt alongwith this Disinfestation facility under which Service amount received for Disinfestation service will be charged.

What is the ceiling limit for a trust or organization registered U/s.12 AA of Income tax act 1961, to obtain PAN number from donors? Pls clarify.

how to calculate service tax after the notification issued when the bill is issued before the ammendment

Sir,

My company paid excess advance FBT for the year 200-07,but till now no assessmentand no Reund by Income tax Department.

pl explain what is the procedure for getting refund of excess paid advance FBT.

yours faithfully

G Ramesh babu

whether TDS on Service Tax Amt should be deducted or not

NRI of Indian Origin, would like to buy Plantation property with permission from RBI/ Govt. of India. Whether possible and if possible what is the procedure?

Dear All

Can any body please suggest for the calculation of Exemption For HRA.Suppose a person joined in the mid of the month say june 15. whether it will be taken for 9 months 15 days that is on prorata basis or it will be taken as 10 months

Regards
Babita Dash

Section 40A (3)
The provisions of the section will apply if
Condition: 1
The assesse has incurred an expenditure which is otherwise deductible under the provisions of the Act for computing the income under the head Business/Profession Income. The amount incurred Exceeds Rs.20000/-
Condition: 2
The payment for the above mentioned expenditure (or part thereof) Exceeds Rs.20000/-
Condition: 3
The payment mentioned in (ii) above has been made otherwise than through an account payee cheque or account payee bank draft

Query: Accordingly if the assesse has incurred an expenditure on printing and stationery to Raj Stationers vide Bill No.1 Rs.18000,Vide B.No.15000.The assesse has cleared the above payments amounting to Rs.33000/- in cash in a single day .Whether provisions of Sec 40 A(3) applies to the above mentioned case ?
Solution: No, section 40A (3) does not apply in the above case.
The same view is supported by the author singhania in taxmann publication and another author in bharath series student guide to income tax.
Whether there is any notification or circular supporting the above view or contrary to the above view?
Please help me urgent, thanks in advance ?

One assessee having turnover of more than 40 Lakhs didnot audited his account, filled IT Return for A.Y.2005-06 on 30th July 2005.The return was processed u/s. 143(1) on 10 April 2006.Show cause notice u/s 274 r.w. Sec. 271B was issued by ACIT on 15June 2006. ACIT passed penalty order on 30Jan.2007.
Whether penalty order is passed within limitation u/s.275?, If assessee does not maintain books of account,then what will happen?, What other way you suggest?..

Hi,

There is a pvt. ltd. company in which three directors are there. All the diretor among them are having equal shares. Director salary(remuneration) is outstanding from last two years to one of the directors. Directors among them have quarreled and the director among them ,whose salary(remuneration) to him by company is outstanding, is asking for the salary. What the director can take action against the company.?