Dear Sir

Pl. provide the procedure as material supplied to 100% EOU unit against CT-3, But the same material rejected and send back for rectification, what is the procedure

WE HAVE A LEASE LAND AND THE SAME LAND IS VALUED AT BY THE CONSULTANT. VALUATION AMOUNT IS CREDITED AS CAPITAL RESERVE IN THE BALANCE SHEET. WALL IS CONSTRUCTED ON THE LAND.

VALUATION IS BASED ON THE RENTAL INCOME OF THE LAND.

AMOUNT CREDITED TO CAPITAL RESERVE IS CORRECT OR NOT?

LEASE IS FOR 30 YEARS

if person is non-resident the income which earn by him in form of salary , business income & any form income in india is taxable ? under which section nd how we calculate his taxlaibilty?

Hi All,

I wanted to know on what value must one deduct the TDS. The case in point, Our land lord issues an inovice for the rental of the retail stores for say Rs.50,000+ service tax of 10.3 %

And below says please deduct TDS only on the rental value and not on the total value. But I get contradictory views for the same. I would be obliged if somebody can reply with relavent acts.

Rgds
Mohan

we are paying rent for our site office @9000/- Per month as Rent for Room & Rs.6000/- for Amenities Rent. So, The Total yearly room rent is Rs.108000/- & Amenities Rent Rs.72000/-, Anyhow Total Rent Exceed the Rs.120000/- which falls under TDS U/s 194I . But the Owner argue with us that Rs.6000/- rent for Amenities will not be considered under as rent. Please help me to solve this problem. Where TDS is Applicable or NOT

if an employee retired on 15/01/2009 & his basic salary was Rs. 10,000 at the time of retirement .
increment in his salary was from 08/07/2008 of Rs. 1,000.
while calculating avg.salary of last 10month preceding the month of retirement , whether we will calculated from 01/03/2008 to 31/12/2008 OR from 15/02/2008 to 15/12/2008?

Dear ALL,

Happy Greeting of the day!

During the period from 1st April 2008 to 31st MArch 2009 I have paid about 8.00 Lacs amount as a freight on raw material purchase to singal party and no tds has been deducted.

During whole period raw material was came by this two truck only and paid freight 8.00 Lacs but I have not deducted any TDS on this freight amount.

Tell me what should I do for saving disallowance of such freight amount?

Pls tell ASAp........
Bye

tax audit is must in all cases where the total receipts/turn over exceed Rs.40L in the previous yr .
i would like to know here previous yr means the relevant pr. yr for the assessment or any pr yr i.e suppose pr 2007-08 total receipts 47L and pr yr 2008-09 Rs. 35L .in this case is tax audit applicable for the pr.yr 2008-09 or not

My client got the 12A registration from Guwahati (Assam) and now when we tried to get the 80G exemption from Dibrugarh (Assam), the Commissioner has denied giving the 80G exemption on the ground that both 12A & 80G registration should be from the same place. How far is he correct?

SIR ONE OF MY FRIEND CLIENT WANTS TO START NEW BUSSINESS. WHAT FORM IS SUITABLE FOR HIM IF CONSIDERING FOLLOWING THINGS:
1 THERE ARE 2-3 PERSONS INVOLVED
2 MONEY CONSTRAINT i.e. MONEY IS NOT ENOUGH TO FULLY FINANCE PROJECT
3 IND IS AGRICULTURE BASED
4 CAN HE OPT FOR LLP?