We have a professional who is residing in Mumbai, India (Rented Accomodation). He is working on Professional Basis for our Company. He is from JAPAN. Kindly Help me out with the TDS Rates & Provisions applicable to him. Also under which section Tax has to be deducted. Also i have requested him to obtain PAN under form 49AA (PAN Application for Foreign nationals residing in India)
Regards,
Alen

Is TDS applicable on PROCESSING fees to be paid to Insurance Company for Credit Shield policy covering Debtor balances, Processing fees is paid for each Customer covered

Please assist

Dear Experts,
now i am writing procedure of ct-1 sales,
if any mistake then point out me ?

goods send to Merchant Exporter God own Agn CT-1
1. M.Exporter send me CT-1 Certificate & Are-1 With Sign
2. I Fill ARE-1 Copy & sign & i take last copy for my office copy rest will be send
3. I make Domestic Invoice Without Duty in the name of M.Exporter.
4. Then Loaded Truck Will send to M.Exporter with Invoice, & ARE-1
5.Next Day will intimate & submit to Exicse with letter & original CT-1

So , sir please check am i right or wrong & any checking procedure of excise in this period ?

await for your valuable replay.



thanks
rakesh

Pl let me know that how to determine the age for senior and very senior citizen under Income tax law. Is it 59 or 79 completed year or even if 60th and 80th year is running can we consider the senior and very senior citizen
Regards
B V Gopinath

Sir my college timing is from 7:30am to 10:30am. I take around 1 hour to reach my articles firm. So my articleship timing is from 11:30am to 7:00 pm. Is there any issue due to my articleship timing??

Plz guide me with it. Accordingly i will need to register myself for article.

A Company (in India) didn't import the goods, but sold directly from the supplier to an overseas customer.

The foreign exchange with respect to that came to the bank account of India operation

Can they treat it as Export Sale?

Arun

I purchase 570 Pc of Poly Bag from supplier @ Rs. 5.44 per piece so it goes as below.
570 Pcs x Rs 5.44 = 3101

Supplier has charged
ED @ 10% on 3101 = Rs. 310
Cess on Ed @ 25 = Rs. 6
Sec. Edu Cess on Exise Duty @ 1% = Rs. 3
VAT @ 5% = 171

Total Bill Amount is Rs. 3591

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MY QUESTION IS, Can a supplier charge both excise duty and vat at the same time?

What Idea I have is, Excise duty is charged by manufacturer only and If manufacturer does so, he should not charge VAT?

If yes, in what conditions. Please elobrate it.

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This year we have sold shares on company's buy back offer purchased in the year 1990.

1. will it will be treated as long term capital gain .

2.can long term capital gain be set off from short etrm capital gain or any other heads of income.

I have given my House given on Rent so i can claim deduction under U/s 24 @30%

but as per the the below explanation will i get to claim full amount what i have spent on painting..

When we say 'repairs', we mean work to make good or remedy defects in, damage to or deterioration of the property.
For example:
replacing part of the guttering or windows damaged in a storm
replacing part of a fence damaged by a falling tree branch
repairing electrical appliances or machinery.
When we say 'maintenance', we mean work to prevent deterioration or fix existing deterioration. For example:
painting a rental property
oiling, brushing or cleaning something that is otherwise in good working condition
maintaining plumbing.

Please explain

I purchase 570 Pc of Poly Bag from supplier @ Rs. 5.44 per piece so it goes as below.
570 Pcs x Rs 5.44 = 3101

Supplier has charged
ED @ 10% on 3101 = Rs. 310
Cess on Ed @ 25 = Rs. 6
Sec. Edu Cess on Exise Duty @ 1% = Rs. 3
VAT @ 5% = 171

Total Bill Amount is Rs. 3591

-------------------------------------------

MY QUESTION IS, Can a supplier charge both excise duty and vat at the same time?

What Idea I have is, Excise duty is charged by manufacturer only and If manufacturer does so, he should not charge VAT?

If yes, in what conditions. Please elobrate it.

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