IS IT POSSIBLE FOR A NRI TO ENTER INTO PARTNERSHIP WITH A RESIDENT, IN INDIA. IS ANY SPECIAL PERMISSION FROM RBI REQUIRED FOR THAT IF SO WHAT R THEY
PLS...... ANS........

Assessee is engaged on the business of renting of room sales for Guest in Delhi and registed under sales tax.The same room was taken on lease rent basis.The landlord charged @Rs.4,25,000 p.m.as per agreement. The landlord is individual and not registered under service tax.Now, no bill/invoice is raised by the Landlord.The assessee company booked lease rent expenses in the books of account as per agreement.

My question is whether the service tax liability is goes upon the landlord or not.

Second question is if the landlord is not registered under service tax then the liability of service tax can be arosen to assessee company.Is company is eligible for input service tax credit?

Dear ALL,

As per Sec 2(22) (e), if a laon/advance is given to a director/s is given in case of Loss, it is taxable dividend in the hand of the Director/TDS to be deducted. Again accumulated profit means only profit or vice versa also.
Plz answer with all treatment in the Books, taxation etc.
Regards
Nagendra Prasad Gupta
ACA509615

what is meant by service tax abatement.

"Declaration of further dividend for the second time out the past year's profit is illegal & ultra vires of the articles of association and the Companies Act,1956"
IS IT TRUE?
And if yes then
What about interim dividend?? can interim dividend be declared out of the profits of the previous years????

Plz tell about treatment of revaluation reserve, & uses of it

Can a public company declare a dividend in an Extra Ordinary General Meeting after declaring the dividend in an Annual General Meeting?

how to create partners remuneration account.

SIR I HAD MADE THE DOUBLE PAYMENT OF TDS BY MISTAKE IN MAY O9 FOR THE MONTH OF 31.3.2009. WHAT I WILL DO..????

HAI SIR.
I AM GOING TO WRITE FINAL IN MAY 2011. IS IFRS WILL COMING TO OUR SYLABUS IN ACCOUNTS?