Previous year is 2007 -2008 ie (1st April 2007 - 31.03.08 )
Current year is 2008-2009 ie ( 1st April 2007 -31.03.09)
Assement year is 2008-2009 ie (start from march month)
assessment year is a year in which the earning income is
assessed. it is a bundle of 12 months. it is started on 1
april to 31 march. it is define under sec.2(9).
Assesment Year is the year when our earning income is
assessed.Now the Asswsment year is 2009-2010 and the
current year is 2008-2009 this year is also called the
previous year.
Assesment Year is the year when our earning income is
assessed.Now the Asswsment year is 2009-2010 and the
current year is 2008-2009 this year is also called the
Financial year.
Dear sir i am a contractor and making a invoice for Rs.
1500000= in which 1200000 for material and 300000 for labour
charges how should i make a invoice with material and what
will for format of invoice, if i make separate invoice for
material and separate for labour charges what service tax
and sales tax chaeges will be. and what TDS will party
deduct on my bill. pls answer as soon as possible.
One of my party i.e. ABC (prop. firm) is providing
repairing/alteration service relating to Comm.
Construction.. (not new construction), they have provided a
repairing/alteration service to one co-op. bank...i.e.
XYZ . At the time of audit by central excise dept.,
officers has asked/directed to bank to pay the service tax
by the ABC (for year 07-08 & 08-09)..... Now, my question
is ..:Is my Party ABC liable to pay the service tax ?
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