Whether it is possible to claim the TDS u/s 195 while calculating tax liability of an individual?I know that it is impossible to claim TDS deducted on lottery winnings. Is there any such provisions existing under income tax act relating to section 195 which restricts the above benefit?

One of my clients company which is a subsidary of a company based in Singapore having share capital Rs 35 crores. The Company has very nominal income. My quries are:
1) What are the reporting requirements under company law.
2) Implications under income tax law.
3) Any other law.

I have registered my articles from 27/02/2012 which makes me undergo old scheme of GMCS. May I Please know eligibility for Old GMCS i.e no. of years after starting articleship I am eligible to undergo GMCS?

If Semi-Constructed complex is sold by the builder to buyer through registered sale deed and transaction of payment at the time of sale deed then service tax have to pay or not by the purchaser ?

Thanks in advance.

Hi,

Someone may please see the following and reply :

Query1

An Individual proposes to apply for Service Tax Registration.

He has got business name ‘XYZ CO’.


Apart from the PAN Card and Electricity Bill or Telephone Bill or Bank Statement and Authorisation Letter, I need to know ANY ADDITIONAL DOCUMENT to be provided to the Service Tax Office.

Ans : .....................


Query2

While filling in ST-1 Form in the Field ‘Applicant’s Name’, can I fill as ‘INDIVIDUAL NAME (XYZ CO)’, so that the Registration Certificate shall have the applicant’s name followed by his business name.

Please suggest the appropriate manner of filling in this regard.

Ans : .....................

Thanks in advance for replies.

Dear all,

i have beauty parlour, name is Harika Beauty Parlour i am the sole proprietor(giri) i want to register my shop name like firm registration

is it possible

if possible please tell me where it is done

urgent

We are a private limited company registered under kerala value added tax Act. We are a compounded dealer engaged in works contract .
We are having a inter state supplier who collect 14.5% cat form us my doubt is
Are we liable to pay purchase tax under kvat act ?
Are we liable to issue C-Form ?

Hello..
I want to ask that in CA for ipcc level their is two groups in it so if i give xam of two groups sepratly then when will i give secnd group examz and can dp it with articleship or not..
Pls suggest me an approprait answer.

Hello.....
Please sent me a sample of p & l and balance sheet of any small construction proprietory firm having turnover 5 to 10 lakhs. Please its urgent. My mail id ganatraakash.ag@gmail.com

Hi Sir,

I dont know its appropriate or not to put this question here ,Just wanted to know whether following deferred tax effects:

Calculation of Deferred Tax Liabilities As Per Accounting Standard -22 AY 2012-13

WDV. as on 31.03.12 As per Companies Act 141,939,241
WDV. as on 31.03.12 As per Income Tax Act 103,574,266
Difference of Depreciation (38,364,975)

INCOME TAX @ 30% (11,509,493)
Surcharge (575,475)
(12,084,967)
Add: Education Cess @ 3% (362,549)
Deferred Tax Asset as on 31.03.2012 (12,447,516)

Net Deferred Tax Assets As on 31.03.2011 453,314
Net Deferred Tax Asset As on 31.03.2012 (12,447,516)
Deffered Tax 11,994,202



Calculation of Deferred Tax Liabilities As Per Accounting Standard - 22 AY 2013-14

WDV. as on 31.03.13 As per Companies Act 132,067,349
WDV. as on 31.03.13 As per Income Tax Act 93,651,048
Difference of Depreciation (38,416,301)

Income Tax @ 30% (11,524,890)
Surcharge (576,245)
(12,101,135)
Add: Education Cess @ 3% (363,034)
Deferred Tax Asset as on 31.03.2012 (12,464,169)

Net Deferred Tax Assets As on 31.03.2012 12,447,516
Net Deferred Tax Assets As on 31.03.2013 (12,464,169)
Deffered Tax 16,653

Please help and advise.

Best regards

MS