A Nepalies company (Ltd. Co.) came to India and filed a tender at India as per news paper invitation made by State Government for supply of stone boulders etc.,and the co. supplied stone boulder about Rs.2000000/-during the financial year 2008-09 and get the payment after raising the invoice and submit the same at India . At the time of payment the department has deducted the income tax at source from the payment made by the State Govt. The company have no branch at India and further having no bank account in India and hn any place of business in india.The stone boulder has been supplied from Nepal to Nepal, as per purchase order. The department has issued the cheque for payment and get receipts of the cheques. Since the Nepalies Company having no bank account in India, so the company requested the Govt. department to issue the bank draft, payable at kolkata. The Govt. Department has made the Bank draft payable at Kolkata after filled up the application form of bank to issue the bank draft payable at kolkata in favour of the company. Then the company deposited the above drafts at standared charterd Bank Kolkata and collect the same at Nepal through bank.
Under the above circumstances, Kindly advise me , whether the company will have to file the I.T. return at India for the supplied goods, if yes under what residential status ?
Kindly Suggest.

A.K. Dokania

In Fbt surcharge is applicable or not For the assesseement year 2009-10

sale consideration 400000
cost of acquisition 100000
stamp value 500000
amount invested 400000

how much amount is exempted (amount invested out of gain)?

CAN U TELL ME WHAT IS DIFFERENCE BETWEEN MEMORANDUM OF ASSOCIATION AND ARTICLE OF ASSOCIATION ,AND PLEASE GIVE SOME DETAILS

We are making GTA payment towards PLA whether we are eligible for aviling CENVAT Credit for the same.

Dear Sir,
What is the accounting treatment of Plants & trees purchased from a nursery to be sowed along the boundary of a manufacturing unit. What is the treatment of this expenditure captial or revenue & under what head of accounts it is to be accounted for. Purchase is made for a new manufacturing unit and expenditure is substantial. Production of this unit has not yet been commenced so definately this is a capital expenditure. What is the rate of depreciation under Income Tax Act, 1961 under which block. Please advice
Thanks
CA Rajpreet Singh
+919888035627

dear sir,
we are a mfr, partnership firm. On 31.3.09, we credited interest on loan amount (for the whole year) to the party from whom we have taken loan (thro' J/V), and deducted TDS on that date only.
Now what is the last date of depositing this TDS in the bank ? Was it 07.04.2009 OR it is 31.05.2009 ?
thanks in advance for reply,
anckoor

Salary Structure
Basic 92760.00
DA 13200.00
HRA 55104.00
Medical Allow. 34440.00
Transport Allow. 13788.00
LTA 34440.00
Annual Bonus 534.00
TP Incentive 2356.00
Tatal Monthly Bonus 20136.00
Gross Salary 266758.00

Less Exemption 9600.00
Transport Exemption 9600.00
Total Gross Salary 257158.00

Less: Prof Tax 2550.00
Taxable Salary 254608.00

Gross Taxable Income 254608.00
Less Chapter VIA 12720.00
PF + VPF 12720.00
80C - Deductions* 12720.00
Taxable Income 241890.00
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In my company there has been a delay in payment of TDS at one instance in Qtr ended 31.03.09. for the same the interest has already been deposited in mar-09. now that 24 Q has to be filed, do it needs disclosure in 24 Q too. I am not able to find suitable column for the same

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