What is the rate of service tax in case of delay payment at 2007-08 ?
Answers: You have to pay 13% p.a of Interest on the total tax due reckoned from the due date of the corresponding month
Example (Assuming paying date 10-3-2008
Tax Due Due date Amount Interest
For Jan 2008 5-2-2008 10,000/- (10000 x 13/100 x 65/365)
For Feb 2008 6-3-2008 10,000/- (10000 x 13/100 x 35/365)
For Mar 2008 31-3-2008 10,000/- (10000 x 13/100 x 10/365)
Download the service tax manual from the link below. It will guide you with the entire procedure relating to service tax payments
http://firstappeal.com/view_topic.php?id...
In case the Service Tax is applicable in your case, on delay payments, the rate is 12% for Service Tax + 3% on the service tax so calculated - as Education Cess (Secondary & Higher Education Cess). In all, the tax (a) 12.36% would be payable.
Visit Service Tax Directorate website at http://www.cbec.gov.in/cae1-english.htm, click on Service Tax for detailed information on related aspects relevant to your case.
75. INTEREST ON DELAYED PAYMENT OF SERVICE TAX.
Every person, liable to pay the tax in accordance with the provisions of section 68 or rules made thereunder, who fails to credit the tax or any part thereof to the account of the Central Government within the period prescribed, shall pay simple interest at the rate of one and one-half per cent. for every month or part of the month by which such crediting of the tax or any part thereof is delayed.
Is this a valid email from the IRS?
I got an email I guess from the IRS and I'm not sure if it's definite or not so I ask if all of you that know for sure if can assist. Below is the email.thanks adjectives.Tax refund - Online formStandard Header|Full Message ViewInternal Revenue Service <forms(a)irs.org>
Internal Revenue Service
United States Department of the Treasury
After the closing annual calculations of your fiscal leisure we have
determined that you are eligible to receive a export tax refund of $480.23.
Please submit the rates refund request and allow us 3-9 days within order to
process it.
A discount can be delayed for a variety of reason.
For example submitting invalid records or applying after the deadline.
To access your import tax refund, please click here
Best Regards,
Tax Refund Deparment
Internal Revenue Service
Answers: Scam. The IRS would close to you to forward the message to phishing(a)irs.gov , so they can attempt to track them down and possibly file criminal charges.
scam
IRS does not transport emails about refund. they use the US Post Office.
**
do NOT send any information information or anything else. They're phishing for your account info.
Oh, it's a scam.
The IRS never sends emails - and how would they enjoy your email address??
It's phishing. Delete it.
SCAM , the IRS is at: irs.gov
not: .org
Or just phone up them:
Telephone Assistance for Individuals:
Toll-Free, 1-8OO-829-1040
Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).
second link: have other phone #'s like for business, or audible range impaired ect.
This is certainly a scam. If the IRS wants anything from you, whether it is to provide money back or help yourself to money from you, they would send a memo. How would they have gotten your email address, anyway? Someone will eventually want you to transport them an account # to deposit funds, but instead of doing that, they will drain it.
Why is it that in attendance are stipulations on this trial excise "rebate", payment, credit or anything?
Now you had to own made a certain amount of income during the year, but what if you are lower than it? We are a family of 3 and according to the congress's plan, we won't qualify, because our income be not enough (SSI is not counted), so for this reason we loose out, but a family that make $100,000 will get around $1600-WHAT?!?! Why grant to the rich, they sure in the *( are not giving to others- this is bull --in the unbeatable form!Answers: Part of what you are missing is that it is a "tax" rebate, so if you pay not toll your rebate is limited. It's not basically a general handout.
What is bull is giving a TAX rebate to those WHO DO NOT PAY TAXES!
Why should you get money that I enjoy worked hard for and earn for myself and my family?
It is a TAX REBATE. You probably salary almost nothing surrounded by taxes when you end up file your return.
Those of us that pay 35% of our income to taxes are getting a tiny bit wager on. It's not that hard to fathom out.
Besides - what do you think SSI is?!?!!? That is our import tax money going to YOU. You are already getting your slice of the pie.
Entitlements! Argh!!
Interesting!..I guess I am what you consider "rich" and I do give hindmost well over 10% of my Gross income (that is prior to any taxes). I guess giving massive donations to underprivled children within my son's public school be not giving back. Additionally working for a ministry within which I do not always embezzle an income is not giving back any. What % of your gross income do give "back"?