Dhara
01 August 2013 at 20:59

Income transfer

Anybody can plz tell me that any amount transfer by NRI to his relative resident of India is taxable in hands of that relative???
And income arrived from that amount is taxable in whose hands??
Plz explain in detail...



Anonymous
01 August 2013 at 20:38

Allowed to appear in competitive exams?

Dear Sir/Madam,
Is it allowed during the continuation of Articleship Training to appear in the competitive exams for recruitment in any government jobs like bank employees recruitment exams, tax officer's exam, etc. which DOES NOT involve attending any classes, etc. for training and subsequent recruitment?
Your reply will be highly appreciated.
Thanking you in advance.



Anonymous

We are the pvt. ltd. company engaged a Contractor with valuable work order for supply of materials of electrical and erection. Now the contractor raised a bill for Installation, where he charged the service tax amount @12% directly and also ed.cess & s&h ed. cess applied as per norms. The contractor is a partnership firm.

My question is that he (The Contractor) is do the same or he only charged 25% on Service Tax amount @12% ?

I request you to please clarify me my query with notification no.



Anonymous
01 August 2013 at 20:34

Applicability of sec 44 ab

I am dealing the accounts of person who is trading cement .his sales are RS. 9927024.
and he also earned the following disccounts from the purchaser

1.quantity disccount RS.206247
2.general disccount Rs.397680
3.additional disccount Rs.122288
4.cash disscount Rs.7520
5.Plant sale disccount Rs.1400
6.PPC disccount Rs.122410

can we inclued the above mentioned disccounts in the turnover, if yes please suggest me what are to be included in the turnover.

Regards

M.Chowdeswara Reddy



Anonymous
01 August 2013 at 20:21

Direct entry scheme

Sir, i have registered in both group of ipcc bt did not clear any1. And have completed my graduation and also done the orientation n ITT..
Nw want to convert in direct entry scheme..
Can i start the articleship..??
Pls guide me.


sejal

dear expert sir/madam,
Me and my friend started a consultancy firm as a pvt. ltd company.only two of us are the director of company for 50:50%. i want to ask when we earn money than after paying tax and all the expenses like ( payments of directors, payment of employees, rent, other expenses). can we both director the remaining money for self as we want if yes than how ? because we both want to buy home and our all money is coming to our company account.


Sarthak Abhyankar
01 August 2013 at 19:56

Ipcc registration validity

Sir,
I have registered both group of IPCC in 28/01/2010 Can i eligible to apply November 2013 ipcc examination?
Or i have to make reregistration for IPCC??

Please Help
Thanks



Anonymous
01 August 2013 at 19:49

Service tax on labour contractor

LABOR CONTRACTOR FOR CONSTRUCTION OF RESIDENTIAL BUNGALOWS CAN BE CLASSIFIED UNDER MAN POWER RECRUITMENT AND SUPPLY AGENCY



Anonymous

A professional individual who comes under audit under sec 44AB has filled his return manually in F.Y 2011-12 and the audit was not being conducted. what is the procedure to revise his return..??
Manual return can only be revised manually and audit parties are mandatory to e-file their return.. what should be done in this case..?


Vivek
01 August 2013 at 19:23

24q

Dear Sir,
I have received intimation from trace demanding interest on late deduction of tds. Actually it happened due to mistake in date. Therefore I have file a revised return within 10 of receiving intimation.
Whether any further step is reqired or not.

Please advise me.





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query