Sir,

One of my client has paid for 6 years of profession tax under amnesty scheme 2007 of the profession tax departmnet in October 2007. His accounts are under tax audit. Could u please let me know whether the entire amount of profession tax paid of Rs.15,113 should be offered for disallowance u/s 43B?

Sintex Water Tank used for Aqua Farm & Aqua Hatchery for Storing Water Purpose.Please Clarify Sintex Tank Come Which Head ie Plant & Machinery or Factory Building Or Other Building,What Percentage applicable Both Income Tax & Companies Act Shedule

Advance Tax Paid on online Payment but Optional Wrongly Selected as Self Assesement Tax What is the Precodure Rectify this.Please Explain Briefely

how to show mat credit entitlement in the books. is applicable 234B and 234C for mat calculation

is that fees paid for examination,development of college are eligible for section 80C deductions?

I have collected service tax during f.y 2007-08 but I have failed to remit the same to the goverment. I have already filed my Service Tax Return and time period to file revised return has already been lapsed , than what is the remedy available for me .

What will be the procedure for input taken on goods which have been lost due to fire occured in the factory....

This query is regarding an Indian public co, they got a building constructed over a period of 2 years on running bills for abt 1 crore, are they covered under works contract act and if so if they are supposed to deduct the tax and make the payment to the contractor? . they are not paying any service charge also..

Please tell me where i can find info on this..

Can u tel me the last date for the depositing of the TDS in order to allow Expenses to be allowed. Also plz clarify the latest amendent made in yr 2008 with retrospective effect.

Also is filing of the TDs return necessary for the allowance of the Expenses.?

Akhil

This is in regard to a public co in India not listed which is a 99 % subsidiary of a LLP in US, being held by director and some of his family members.
Goods are Purchased from a foreign country byt the indian subsidiary and payment is directly made by a director to the outside party.

This payment is treated as unsecured loans in the books.

For violating the FEMA rules, RBI imposes a fine and asks the co to comlpy with RBI interest rate guidelines and loan reg No.

Director has waived off interest completely on this loan, are there any RBI implications ?