one of my client having a marble industries and Durng the year he visit Italy for attending a stone fair and also book a stall in fair.

Similarly he went to turky for purchase of raw material.......

IS expenses of Journey, stay and travelling is liable to FBT or exempt because all the expenses is only for business and not personal. He is alone with his consultant no family is involed.

Pls cleare the matter asap.

Thanks

Lets assume a situation where a shareholders resolution by which he was appointed states that 'his appointment is valid for a period of 2 years from the date of appointed', then please clarify what would be the date of retirement of such directors. Is it the date of completion of 2 years or the date of next meeting. The company in this case is a private company and the articles are silent regarding rotation of directors.

Respected sirs,

Service tax credit taken is only for inward freight, but we are not service tax credit taken for Outward freight. why is payable service tax for outward freight. Kindly Suggestion in this regarding.

Thanks with Regards

M.Senthil Kumar
nithyveni@gmail.com
999 44 755 95

whethr TDS to be deducted on labour charges which is capitalised to the cost of an asset.

what type of reporting shall be required if the propreitor dies after the end of F.Y. but is replaced by other person.Whether it shall be treated as affecting the going concern or as an extraordinary item or just a note reqd.

whether TDS should be deducted on commision on purchase charged in the purchase invoice of goods.Invoice is of commision agent. As freight charged on purchase invoice not liable for TDS deduction,whether same applies to this case.

can a pvt ltd accept unsecured laon from other than director& share holder & member

Sir,

wef 01-10-2009, tds rates has changed. Now we have to deduct TDS as basic only. No surcharge or cess has to be add.

Now I came to know that surcharge & cess has not be added from 01-04-2009.

My querry is that, uptill now while deducting TDS I was adding cess(eg. 10.3% on prof., Commission, & 2.06% on Contracts)
whether excess deduction of tax allowed.

Please guide.

This is Ram from Hyderabad , I need the following information:

1.Procedure for Registration in Central Excise Department .
2.What are the Documents to be filled in the Case of Manufacturing Company (Example. Chemical Industry)
3.What are the Indirect Tax benefits to be availed by Manufacturing Company doing the Business in filed Chemical Industry situated in SEZ(Special Economics Zone)
3.What is the due date for filling of Returns
4.What are the registered to be maintained in Manufacturing Industry with respect to Customs & Central Excise point of view.
5.How many returns to be filled during the one Financial Year.


Thanks & Regards


M.RAM
rams.mvm@gmail.com

Case Study:

Our Company is on growth path. it has achieved good numbers over past few years. For further business push, the company is on look out further fund mobilization. The Promoters are ready to dilute their holding by offering some fresh shares to some strategic investors.

Now the question are:

* different modes of raising finance


1. checklist for raising finance through this mode.
2. all legal compliances before and after raising finance
3. any approvals to be taken
4. forms to be filed
5. in case of foreign investors-procedures and compliances.