If a company is engaged in various businesses, then whether input credit of vat paid on one business can be used to adjust against vat liability of the other business but of the same company

One of my clients has taken a rental property for residential purpose in India. The rent is to be deposited in a bank account maintained by the owner of the house in India. The owner is a NRI and does not have a PAN. My client has to deduct TDS. How to go about? The owner argues that, being a NRI not assesseble to tax and no need to deduct TDS on rent. Need expert advice.

The FBT is payable on the bsis of incurrence irrespective of the nature of expense. So in this regard can we say that FBT is also payable in respect of prior perid expenses such as telephone, electricity expenses??

Dear Sir,

Can any brief me on section & detail of applicability of Service Tax on Renting of Vehicles and equipments.

Regards

Hi,

Please let me know whether it is compulsory to file return of service tax in case we had registration and we are not cancell the same till date, but our taxable services is well below the threshold limit ................

Please its urgent ................IN CASE SUCH PENALTY ARISES IS THEIR IS ANY PROVISION TO WAIVE THE SAME.


Thanks in advance please expert opinion required .................

Please clarify this
while shifting to another location a software company replaces 158 batteries for its UPS and enitre cost is expenses off. And it is accounted as Shifting expenses.
My doubt is the expense needs to be capitalised as all the batteries are replaced if not it should be accounted as repairs and maintenance-machiner

Since we have to pay service tax on import of service, can we avail the credit of the same while paying service tax?

Dear All:

I am a practicing CA having sole proprietorship in my name. I want to become a sole proprietor of "XYZ Financial Services" which will accept the outsourced accounting work from outside INDIA say UK. Being a practicing CA, can I become sole proprietor under two different trade names.


SHILPA

What is relevance of Memorandum of Tranfer of Shares at the reverse of share Certificate? What particulars to be given in case of transfer of shares of Pvt. Ltd. Co.? Who will put initials and who will sign as Authorised signatory?

I have a doubt as how to calculate the service tax on the below issue.

We intend to leaseout our property for commercial purposes against a re-fundable deposit amount of rs.5.00 Crore.

I will not be getting any monthly rent out of the above deal.

The lease period would be for 5 years and at the expiry of the 5 years i will have to return the entire Rs.5.00 crore back to the clinet.

In the above, case how to arrive on the quantum of service tax payable

Pls clarify

Regards

Karthik