What is the effect for noncompleation of GMCS1 in one year ?


Give me some alternatives....

under contractor a bill of Rs. 35000/- received and deducted tds @1% (individual) and paid. Another transactions with same contractor received Rs. 8000 and Rs. 6000/- respectively in following months. Query is
1. Do we need to deduct TDS on these two above transactions or not.
2. Total transaction with this contractor is not exceeded Rs. 75000/- during the year.
Please let me know the solution tho this transaction.
Thanks in advance.

A Doctor running a hospital contains 15 Rooms for treatment of pateints and in clinic itself he does the check up for patients and his receipts is Rs.35 Lakhs ( including Lab ,X Ray ,Blood test etc.., ) , whether it will be treat as business income since he running hospitals or to be treat as professional income , if it is treat s business income gross receipts doesn't exceeds Rs 1 crore so we need not to keep tax audit report kindly give us the suggestions to treat under business or profession if profession means we need to keep audit report since receipts exceeds Rs.25 lakhs ...

Hi,
Pl provide state wise Vat payment & Vat return due date calender.

thanks in advance

I registered under category of " repairing/
maintenance " I provide both service and materials. I charge tax on whole amount.Now can I deduct the materials and charge ST on amount of service I provided. I observing recently that charging tax on whole amount i.e materials + service the final bill amount goes higher and company creates problem to pay I have not registered under VAT.Also I estimate that if I deduct materials than my taxable service would be much below 10 lakhs. On such case Can I surrender the registration ?

Dear expert,

if we are paying Rs.300000/-pm commission to non-executive director then please let us know service tax applicability

Hi Freinds,
plz clarify me regarding deduction of tds on sub-contractors.

company 'A' entered into contract for construction of cell towers with a mobile company 'B' and 'A' gave sub-contract to Company 'C'.

While making payment, 'B' deducted TDS and net Payment remitted to 'A'.

Now 'A' while making payment to 'C' (sub-contractor) shd TDS to be deducted or not?????????

A HOUSE LOAN IS TAKEN ON THE NAME OF WIFE
MY QUESTION IS THAT,
WHETHER HUSBAND CAN AVAIL THE BENEFIT OF INTEREST & PRINCIPLE AMOUNT IF HIS WIFE IS NOT CLAIMING ANY DEDUCTION ?

Dear Sir,

Our client, Mrs.Desai's husband passed away in Feb,2014. He was an employee of a Big Power Distribution company in India. Being legal heir, she is to receive a death benefit from Company of Rs.15 Lacs.

This is apart from PF, Gratuity, Leave encasement & Pension. This is under company's private Policy to help legal heir of employee who died while in service.It is not recognized by any government or not a part of fund.

Kindly advice on taxability. Cant it be exempted income?

Sir I wanted to ask that if rent derived from a commercial property is divided n received among two people then for the applicability to register in service tax..9 lakh limit is to b calculated combining d rent received by both people or individually??..m gttng confused...plz rep asap