Helo Please hereby confirm the following query: a)Where a person who is running the petrol pump under a dealership from Indian Oil Corporation Ltd. Under a dealership agreement all the cost of transportation of oil from the company premises to the workshop of dealer will be met by the company. In the present case, dealer owns a truck and uses the said truck for the transportation of oil from the premises of company. Now as per the agreement company paid 1,100,000/- to the dealer.In this fact of case my quries are as follows:
A)Whether above mentioned receipt can be reduce from the cost of purchase of oil from the company and
B) whether above mentioned receipt would be liable o service tax or not ? If yes under which type of service it would be liable to service tax??

Please Rely
As soon as possible

Recently i had seen the new rules wherein it has been mentioned that individuals having exempt income more than 5000/- need not file ITR 1. Instead, they should file ITR-2. Now, in my case, my HRA (exempt) amlounts to Rs 50000/-. Should i, now, move to ITR-2??????????

sir/Madam is there any necessity to file e form 23B in case of appointment of new auditor to fill casual vacancy due to resignation of auditor?
Please Reply
And please tell me procedure of appointment of new auditor to fill casual vacancy in a private limited company.

My uncle is a mechinical comsultant in a company. He is a senior citizen (70+ age). TDS is deducted u/s 194J. Is there any form to be submitted so that TDS should not be deducted??

Hi,

My company has purchased new ERP software. It contains user license and installation componant. The vendor bill has come in two parts.
- User license
- Installation

Please suggest me the accounting treatment whether the user license needs to be capitalised.

Thanks

Poonam

In case of Goods Transport Agency when service provider is liable to pay Service Tax to the dept.

Dear All,

One Private Limited Company got registered on 03/05/2011 but no auditor was appointed till date and hence no statutory audit was performed . I want to ask whether company can now appoint auditor to do statutory audit for the FY 2011-12 & 2012-13 . Also no accounts and Annual return was filled with ROC for the FY 2011-12 and 2012-13 , can company file the same together after completing statutory audit of the company.

hello sir,

if services provided outside India by the domestic service tour operator to the domestic customers than what is the rate of taxable services?

I have entered into two agreements with Builder i.e., one for Agreement for sale of land and another one for agreement for construction of flat. If i club both considerations, it is more than 50 lacs. (Individually they are less than 50 lacs). And registration was done as per value of Agreement of sale i.e., less than 50 lacs. In such a case, whether am i liable to deduct TDS under Section 194 IA as the total consideration paid to builder is crossing Rs.50 Lacs? Can any one clarify this at the earliest?

Dear Sir

Can a shareholder claim dividend declared in 2008 lying with the company under unpaid dividend account as on date.

If yes, what steps should the shareholder take.

in case, the latest CS wants to expedite the pending dividend in company's account to the existing shareholder in whose name it was declared, how can she initiate