Dear,
Expenses debited to profit & loss account at the time of Sales Tax Assessment in the nature of purchases dissalowable under Assessment of Bombay Sales Tax Act to the extent how much percentage and under which section?

1. Printing & Stationery
2. Sales Promotion Expenses
3. House Keeping Exp.
4. Repairs & Maintenance

tds is deducted on payment of architect fees ? if yes then at wht rate?

Hi...

i wants to know about the procedure and check list for the peer review..

While providing services, a sole proprietor charges the service tax in bill and receives the same. But he knows that at the end of FY his total turnover will be less then 10 lacs.
So what should he do ? Should he make the payment of service tax quarterly and claim refund afterwards.
Or can he keep the money as a more gain/profit from his services.
Also, can you please let me know the treatment of the service tax money refunded, should they be paid back to companies from whom it was charged.

Please advice, your reply is very important.

Thanks,
Rina

WE ARE AN EXPORTER ONE CAR OF OUR COMPANY HAS BEEN STOLEN AND A CLAIM HAVE RECIEVED FROM INSURANCE COMPANY AND IT HAD BEEN SHOWN IN FIXED ASSEST CHART COLOUM ADJUSTMENT WHETHER IT IS CHARGABLE FOR VAT OR NOT
IF YES THEN WHICH SEC CODE...?

a gift of a house property to his son without any consideration is it taxable under the head income from house property after the transfer to his son? will the father be deemed owner even if the son is major? is the gift taxable under any other head?

Hi,

As per the company policy gratuity will be payable after completion of 5 years so why every year we need to provision. If employee resigned before completion of 5 years it is not required to pay the gratuity so please clarify why we have to provision gratuity.

Hi this is Harheet Singh.

Can any body tell me whther the payment of salary in cash amounting to Rs. 20000 is disallowed or not under Income Tax Act

Dear Sir,

Suppose the Bill date is march 09, & the payment made to party in April 2009 & the TDS amount is deducted in April month & deposited in April month, Then my query is that in which Quarter it is to be shown whether Jan – March or in April – June.

Bill date is only March month & party payment & TDS payment made in April month.

Regards
Amol

Prepference shares are to be redeemed either out of profit or out of fresh issue of shares. Can Prefence shares be redeemed in lieu of Preference shares i.e., by way of Journal entry in the books of accounts?