kashish
This Query has 1 replies

This Query has 1 replies

one of my clients is a stock broking partnerhip firm.it has franchisee of kotak securities and it is a member of mcx. whether it is liable to pay f.b.t. on telephone exps. and other exps.


Jphanikumar
This Query has 3 replies

This Query has 3 replies

19 June 2007 at 00:45

AMC to US Vendor

We have entered into AMC (Apr 07 to Mar 08) for computer Scanners with M/s. LASON Inc, USA for $ 16000 In case any maintenance is required we have to send the scanners to US. No service is done in India. They don’t have any permanent establishment too in India. Does this transaction attract withholding Tax under the above circumstances?. To make the payment, being no customs and excise involvement, CA certification is required in Form B


rashmi
This Query has 1 replies

This Query has 1 replies

19 June 2007 at 00:11

Capital gains

A widow aged 85 years has a property transferred to her on the death of her husband. Now she wants to sell the same for 2 crores in this year. She has never ever paid any tax. She has four children. How can the property be sold with no tax liability on the widow?


CA VINOD JAIN
This Query has 2 replies

This Query has 2 replies


We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .

if tr. them before one year and if tr. them after one year

if we can reduce the tax liability how it possible

pls reply members

vinodjainca@hotmail.com


Ashok Agarwal
This Query has 3 replies

This Query has 3 replies

18 June 2007 at 01:17

Form 16A in excel or word format

Does anybody has Form 16 and Form 16A in Excel or Word Format pls reply


Yadav Santosh
This Query has 2 replies

This Query has 2 replies

16 June 2007 at 02:41

Filling return

thanks a lot for solving my query.

i mentioned of retailer and as u mentioned i'll have to consider 5% of the total turnover as income if turnover does not 40 lakhs. and also it is not necessary to operated through current a/c.

so finally to start with filling procedure
1. will i'll have to prepare final accounts showing around 5% as income of the total turnover.

and any other compulsory rule to comply with other then filling with the appropriate form u can suggest.


Mahesh Kedia
This Query has 2 replies

This Query has 2 replies

15 June 2007 at 10:14

Computation of Salary

My question is, what will be treatment of 'Notice Pay' paid to earlier employer. Whether it will deduct from the head of salary computation either it is recovered from current employer or not. Infact the notice pay recovered from the current employer has taken in computation of salary and for which period notice pay paid, the employee receive the salary and pay tax on that. In my opinion the ' Notice Pay' Paid should be deduct from salary.

CA. Mahesh Kedia


PAWAN NARANG
This Query has 5 replies

This Query has 5 replies

14 June 2007 at 04:48

TDS U/S 194C OF IT ACT

IF AN INDIVIDUAL WHOSE TURNOVER UPTO LAST YEAR WAS NOT 40 LACS BUT DURING THE CURRENT YEAR AT THE END OF FEB 2008 HIS TURNOVER EXCEEDS MORE THAN 40 LACS. WILL HE REQUIRED TO DEDUCT TDS.


Pankaj Jain
This Query has 1 replies

This Query has 1 replies

13 June 2007 at 08:21

Section 10(26) of the Income Tax

Dear Friends,

One of my clients belongs to Scheduled Tribe Category and is eligible for the exemption u/s 10(26) of I.T. Act, 1961.

He files his return from Guwahati.

He receives contract payments on account of Contract undertaken in the Schedule Tribe Area.

He has his Bank Account at Guwahati and deosits his contract receipts in this Bank Account.

Whether he can claim the benefit of Section 10(26) of the Incoe Tax Act,




Pankaj Jain
This Query has 4 replies

This Query has 4 replies

13 June 2007 at 08:10

TDS Section 194 C

An Individual/HUF Sub Contractor enters into a Labor Contract with a person.

1) Whether the Sub Contractor is liable to deduct TDS on the payments made to that person.

2) When a Sub Contracts further sub contracts, is it covered by Section 194 C?





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