Please tell me if an article assistant works for more than 35 hours in a week, is he entitled to a compensatory leave? if yes than what is the creteria about how much compensatoris will be given??
Please reply soon..

suppose there is a DTAA signed between a foreign co. n Indian concern n the foreign co gives technical assisstance to the indian concern for which royalty is paid by the indian concern so how would sec 195 n 115A apply???

So basically Sec 115A would apply to the foreign co. to whom royalty is paid and sec 195 to the indian co. who is paying the royalty, isn't it??

Dear Friends,
For our companies Annual Day Celebration we have hired a DJ (Ochastra) for Musical Night.
Whether we have to deduct TDS in Section 194J or 194C?

Sir,
My client is a retailer in readymade garments filing return u/s. 44AF @ 10% net income on turnover,since last 5 years. Survey conducted at the premises of assessee. stock short found by Rs. 10 lacs during survery. No cash found, no other objectional documents found. The gross profit rate is 30%.
What will be the consequences? Whether AO can add entire 10 lacs or 30% of 10 lacs as G.P. or 10% of 10 lacs as N.P. as the assessee file return u/s. 44AF? My client is not ready to offer any additional income, as per his say the department has not counted the stock properly, What stand should I take? What submission I should make?

I have 2(A&B) properitorship concern.B business is closed on 31.03.08. But B have rceivables as per books of accounts as on 31.03.08. B's receivables received in 2008-09. A&B have separate bank accounts.I have purchased commercial Motor Vehicle for business use in 2008-09 in the name of A comcern.But EMI of that vehicle paid from B's bank account.In this situation receipts(EMI) from B's account i treat in books of accounts A as a capital addition.

Hello,
I would like to know if deducted more amount as tds then excess amount could be adjustable in next deduction means if i not deduct tds in next bill it is acceptable?

In hotels we will have to charge the luxury tax on room rent. So service tax would be taken on gross amt.? Simlarly the vat on f&B sales is taken and service tax is taken on gross amt.? During construction the bill I pay attracts Excise payment and service tax element. so can i take input credit of both (i.e. excise and service tax element). In how many years I can take input credit(i.e. of service tax and excise).? Please guide I am juggling between statues...

In hotels we will have to charge the luxury tax on room rent. So service tax would be taken on gross amt.? Simlarly the vat on f&B sales is taken and service tax is taken on gross amt.? During construction the bill I pay attracts Excise payment and service tax element. so can i take input credit of both (i.e. excise and service tax element). In how many years I can take input credit(i.e. of service tax and excise).? Please guide I am juggling between statues...

A fire occurred at manufacturing plant of a firm on 1st jan2009. The machinery was fully lost. Insurance claim received on 30th April 2009 for 80% of the value of lost machinery. What would be the treatment for these events in the accounts for yr ending 31.03.2009