Dear Sir,

I have registered a Proprietorship firm with a Different Name.i have submit ST-1 Online. But did not deposit physical Document at Department.
Now, I want to Change name of Firm and Get Registered with service tax.

Whether it is possible or not. if yes, what will be the procedure. kindly explain in detail. it's urgent.

Awaiting your reply.
Thanks in advance.

Regards,
Ram

Mr. X's daughter got married in Nov. 2012. She received cash gifts worth Rs. 15 Lakh which she did not deposit in bank. Now in February Mr. X is planning to buy a life insurance policy for which he wants to utilize that cash of Rs. 15 Lakhs (Which the bank has agreed to take in cash)for policy premium. Now the question is how should Mr. X show this:
a. Either he can show that his daughter gave him gift through cheque (which will be exempt being relative and then he can buy the policy himself.
b. Other option is his daughter can propose a policy for Mr. X. In this case the gift-to-father transaction will get eliminated.
I want to ask which option is safe.
And whether AO can ask that why she did not deposit the money in bank for 4 months.
Or any other problem which can arire in these transactions. Please reply ASAP.

1) Whether TDS to be Deducted on Commission Paid on MAterial Supplied.

2)If Yes When will TDS Liabilty Will arise on the Occasion of Commission Booking Entry or When I have made a payment to supplier.For Eg
I have Passed Following Entry on 01-05-2012
commission A/C Dr 100000
S.tax 10300
To Party 110300

30/10/2012
Party Dr 110300
to Bank 100300
To TDS 10000

7-11-2012

TDS Dr 10000
To Bank 10000

Whether Above entry is correct or i have to book TDS on the date of booking of invoice.


Awaiting for ur replies as soon as possible

i have attempted for ipcc nov'12 exams but unfortunately not cleared the exams n i have cleared TY BCOM exams also
so, please give me the suggestions weather to give may'13 attempt or transfer to the new rule and start the articleship . according to u which will be the better options

please help me
we are paying rent 20000/- PM for 12 Month & its crossing limit of 180000/- but for FY 12-013 rent for the month of feb & march should i deduct tds on rent or not please suggest me

Sir,

Our unit is availing exemption under notification no 50/2003-CE from the whole of the duty of excise or additional duty of excise in Dehradun and we are manufacturer of Read Made Garments. we are sending the goods for WASHING purpose to a unit who is also availing the exemption of 50/2003, means in the same area.

Service tax is exempted for manufacturer of Excise-able Goods.

Now the question is, washing process is amount to "Manufacture" or not and Service Tax is applicable or not. Please guide for the same.

Regards
R B Sharma

Hi all,
I have some issues regarding Partnership firm
audit and filing. As one of my client started
one partnership firm and in partnership deed clearly mentioned capital of firm is Rs.5 lakhs which will contribute by all partners equally. But partners contributed only Rs.2 lakhs. Is this have any conflict under income tax act or as per partnership act?. if yes, what is that?
Again in the same deed mentioned that Rs.5000 p.m is payable to working partners, as there are 2 working partners in the firm. Firm has not paid the salary to working partners as there is no income to firm.
1.Now can the firm claim this salary as expenses?.
2. what is the tax implications from partners point of view if already filed the return?
Thanks in advance

Whether esi & pf is applicable on contract labour... Also if applicable whether both employer & employees contribution is to be made....

There is a agreement between our company and another company. when we make payment to that company we usually deduct TDS as per Section 194C. this year we filed a case against that company for some matter and the order was passed against us. Now we have to pay an amount to that company as per court verdict. shall i deduct tds on this payment.
Please advise me.
regards
jaytilak

A husband wants to transfer a portion of his shares held in a private company to his wife. Following are some of my queries :-

1) Should the shares be transferred at face value, i.e. Rs 10/- or at book value i.e. Rs 850/-.

2) What forms are to be filed w.r.t. such transfer?

3) Taxability implication on the transferor, i.e. husband.

4) Taxability implication on the transferee, i.e. wife.