CA Sandeep Singh Rawat
13 May 2009 at 15:24

working hours

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..


anjali
13 May 2009 at 15:22

Sec 195 and 115A

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???


anjali
13 May 2009 at 15:18

Sec 195 and 115A

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??


Jayesh Jagetiya
13 May 2009 at 15:03

194J OR 194C

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?


Ratan Sharma
13 May 2009 at 14:58

Sec. 44AF

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?


SURESH KUMAR.P
13 May 2009 at 14:51

Bank Accounts

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.


haresh
13 May 2009 at 14:40

Excess deduction of TDS

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?


DHAVAL BHOJANI
13 May 2009 at 14:30

hotel issues in depth

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...


DHAVAL BHOJANI
13 May 2009 at 14:27

hotels.

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...


VISWANADH.R
13 May 2009 at 14:14

Loss on fire

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






CCI Pro
Meet our CAclubindia PRO Members

Follow us



Answer Query