Is service tax
is direct tax or
indirect ?
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Answer / kumar goutam
service tax & excise duty both are indirect tax
| Is This Answer Correct ? | 4 Yes | 1 No |
What is Sale in Transit Transaction and what are the forms issued and get form parties ?
I had purchased a plot in Nov. 2002 for Rs 18lacs and spent about 20Lacs on its construction. Property is jointly owned by me with my husband in the ratio of 1/3:2/3. I am selling this property for 3cr. How much capital gain I/we have to pay? And can it be set off by purchasing new residential property? If so, can we purchase two separate residential properties, one in my name and one in the name of my husband, which could cover the capital gain amount. Can we do so or it is only purchase of one residential property against which capital gain can be set off. Please clarify.....
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we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
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In Indian Taxation point of view, what you will look into a payment or what is to be observed while making a payment.