my assessee ( huf) was having agricultute income in excess of 10 lacs as well as int on fdr & saving int income of rs 90000/- and he had no other source of income or loss. still we filed the return of income to get the more agriculture loan from bank for the asst yr 07-08 by showing above mentioned income. income tax officer issued the notice u/s 143(2) for scrutiny assessment under compulsory norm of agriculture income in excess of Rs 10 lacs. whether he is justified to take the case under scrutiny ?

my query goes like this:

A company is engaged in website designing.

They have a team of people engaged in the said purpose.Among them few are employees on the payroll of the company and rest are the people the company have entered into written contract.

Now my query is whether the TDS on payment made to later is deductible under section 194C or 194J.

Dear experts,

I would like to know whether initial insurance taken for a new vehicle(fixed Asset) should be capitalised along with the vehicle?..

thanking you

Alvin

One private ltd co earlier was comploying with provision of Prov Fund Act as it had more than 20 employees. However during the year their no. of employees have been reduced to less than 20(6 employees). So can they discontinue complying with this act? If so can anybody tell me what is procedure to do so?

sir , please tell me
what is the work in progress

tell me it in deeply

Hi Friends

can any one suggest me wether I can hold full time COP and work as an employee on full time basis with one of the big corporate of India ?

we have export some printing books to london by courier and courier made all the necessary arrange. There was no actul export made by ourselve. in this case, where we will book this sales. whether we will charges 4% vat or book as export. on thing buyer want this bill in london address. pls. suggest me.

thanking you

Vandana

If an asset was purchased and sold in the second half of the SAME year, how should the depreciation be calculated?

Hi,
One of my friend is running a manpower Recruitment services Business, they also hire some candidates on contract basis and place them in their client's place to perform a specific Job, and they will be paid certain fixed fee based on their performance. The contract contract between the candidate and them will vary from 3monts to 12 months.

In the above scenario, there is no relation ship of employer and employee? what are the statury compliances that needs to followed? Like PT, PF, ESI, Leave with wages etc..

Hi,i am atul i am working in ABB limited as a internal auditor,question is this when the service provider generate the bill he show the amount including education cess and hire education cess such as 10.30 instead of 10+2+1.

give me ur suggestion should service tax amount bifurcate or not