Dear Friends,

I want to clear a doubt on TCS on sale of cars.

Purchase of new car has 4 billing components.
1. Vehicle Billing.
2. Vehicle Insurance.
3. Vehicle Registration.
4. Vehicle Accessories & Extended warranty.

If Billing price of car is say 4,00,000.00 and other components including Insurance, Registration, Accessories warranty is Rs 80,000.00

I am paying Rs 1,99,000.00 in cash and balance by cheque against car.
For all for other components I am paying Rs 80,000.00 in cash.

Now ny query is -
1. Am I liable to pay TCS ??
2. If Yes on What amount ??

Plz update me.

Thanks

RESPECTED SIR,
ONE OF MY FRIEND WANT TO START TO A BUSINESS IN WHICH HE WILL POOL MONEY FROM VARIOUS PEOPLE AND RELATIVES AND INVEST IT IN REAL ESTATE OR THE LIKE AND DISTRIBUTE THE PROFITS ACCORDINGLY.
MY QUERIES ARE AS FOLLOWS:
1. WHAT IS THE PROCEDURE TO START IT.
2. WHAT ARE THE RULES & REGULATIONS TO FOLLOW
3. IS IT NECESSARY TO INCORPORATE THIS TYPE OF BUSINESS AS A COMPANY ONLY? BY JUST ENTERING INTO A PARTNERSHIP AGREEMENT ONLY ONE CANT DO IT? AND IF YES THEN WHICH WILL BE BEST PARTNERSHIP FIRM OR A COMPANY.

PLEASE GUIDE ME AND THANKS IN ADVANCE.

what is the difference between letter of credit and letter of comfort? pls explain..

Dear All,

Greetings!

We need to remit one of our USA client for the services rendered in India. Amount payable is Rs. 16,00,000/- (eight lac rupees each invoice).

Please let us know the formalities for the same.

Thank you and best regards,

Vijay Mishra
+91-9810822365

I want to know that what are the consequences of non realization of export proceeds beyond 6 months. The company has not filed any extension request with RBI. The company has no imports and not claiming any rebate or duty drawback..

Hello sir's

For linking trade between UAE and indonesia i am receving commission on percentage basis in india. kindly advise whether a service invoice to be raised? if so how tax to be charged.
2. 10 years i was employed in indonesia since more than a year i am in India. i have my NRI account in india. can the commission taken in NRI account? and will i have to pay tax.

please advise.

thank you
krishna

What is stipend of BDO gurgaon?

If i pay my non cop membership fee by 30/09/2016 and then apply for cop after 30/09/2016, do i again need to again pay membership fee as a cop member for such financial year i have already paid non cop fee?

dear sir I want to register a construction company in single director or owner please suggest me which one is best for operating and without hesitation headache tax properties and other benefits of company what is best for register one person company or proprietorship company which is best.?

I had purchased a residential Flat in resale in 2014-15. Sale Agreement for flat was of Rs 49,95,000 .Which means Rs 49,95,000 was paid to seller( excluding stamp duty n registration charges). Since amount paid to seller was less than 50 lakhs, my accountant said there is no need to cut TDS. Now a few months back i received a mail from income tax to file TDS for purchasing property above 50 lakhs. so am i liable for TDS.? Is property value decided considering stamp duty n registration charges also.? Please advise.