Anonymous
24 April 2013 at 13:07

Remuneration u/s 40(b)

Hello friends,

1. There is partnership firm.

2. Loss is Rs.20,00,000 for F.Y.2012-13.

3. salary paid to Two partner amounting to
Rs.185000/-.

4. Now pls tell me whether the Salary is form part of remuneration?

5. And if Yes then how much remuneration allowable to Firm for F.Y.2012-13

6. I have already paid Rs.185000 as salary then what to do for Rs.35000 (185000-150000)...
reply....pls



Anonymous
24 April 2013 at 13:03

Firm registration name

Dear sir,
I have sent form no-2 last month including firm names as mentioned therein as priority wise, is there any requirement to send form no 117, if yes then at which office whether to decentralized office or to Delhi
please clarify the query at earliest


Arihant
24 April 2013 at 12:59

Payments exceeding rs. 20,000/-

Dear Sir,

If a company engages workers on contract basis through a contractor and makes payment to workers themselves exceeding Rs. 20,000 in cash, but the payment to individual worker does not exceed Rs. 20,000. Will disallowance under section 40A(3) will be attracted ?


Ganeshbabu K
24 April 2013 at 12:40

Gta applicability

Please clarify me whether GTA is applicable for transportation charges paid to CLEARING AND FORWARDING AGENTS ,

(this transportations charges is road transport from factory to port)


Please clarify as early as possible..by giving some references sec. or notification if possible



Anonymous
24 April 2013 at 12:29

Input on capital goods

We are about to start a service providing business . For this we make some capital expenditure on which VAT and also Service tax is payable. Whether we are able to take credit of that service tax component in future.


chandrika
24 April 2013 at 12:28

E-sugam

dear sir,
i have doubt about e-sugam... that is we are a registered dealer under vat and we are taking e-sugam for more than Rs.20000/-, billing amount
1.if we are billing in one address and delivering at some other address on which address we should take e-sugam,
2.if we are sending material for jobwork process with dc if we have to take e-sugam if its is less than Rs.20000/- also. please clear my doubt


yatin
24 April 2013 at 12:22

Car loan interest

Sir
I am filing income tax returns regularly. My source of income is nominal rent income, bank interest income, bond interest income, equity stock capital gain income. There is no business income. I had taken car loan from State Bank of India for car purchased in my name. In EMI statement from bank there is clear bifurcation of loan repayment and interest element. Car is for my personal use.

1) Can I claim interest paid to bank as deduction from my income from other sources viz. interest income from securities? In my opinion interest paid to bank is interest on loan taken which can be claimed as expense against interest income from securities.


karan
24 April 2013 at 12:10

Query on llp formation

Respected Sir

we are filed Form 2 (Incorp Documents) on dated 09/04/13 but till date transaction status showing : Pending For Addendum to Form 2, sir my query is how much time taken for certificate.



Anonymous
24 April 2013 at 11:59

Name suggetion

Hey Expert,
please suggest me name for our company registration as pvt ltd,our main buisness is import and export of commodities,



Anonymous
24 April 2013 at 11:57

Exam

having ca-final exam in may 2013 of 1st group
but preperation is nil

whwther to apper in exam or not


plzzz plzzz suggest i m very much tensed





CCI Pro
Follow us


Answer Query