CA Ysil Karunai
05 May 2009 at 13:06

Audit

Dear Sir
What is the difference between Cash flow statement and cash budget and cash flow statement and fund flow statement?


CA Ysil Karunai
05 May 2009 at 13:03

Loan to a Director

Dear Sir,
Suppose a Director withdrewing every month Rs. 10,000 from a company.
1.Whether it should be treated as loan to director?
2.If yes, what is the rate of percentage of interest on loan?
3. Is there any alternative method of treating this withdrawal by director as per companies act?
4. which section deals about this?


pradeep
05 May 2009 at 12:59

TDS FOR EMBASSY

Dear Friends
Is there any notification or circular regarding the examption on TDS for embassy
pls help
Regards
pradeep


Yogesh Modi

My query is that if a company does not issue Form-16 in case of any employee due to any argument with the employer then
1. what remedy doe the employee has against the employer?
2. How will that employee file the Income tax return?
3. Who will be liable to pay the Penalty & interest if any for non filing/late filing of IT return under these circumstances?

Thanks in advance

Yogesh modi


RAM SAINI
05 May 2009 at 12:49

credit on freight outward

if we can take the credit of service tax on the freight outward up to the place of the removal (it could be the doorstedp of consignee)

whts the issue of credit of freight outward????


pls advice


Mahender Jain
05 May 2009 at 12:25

FBT on exp of Director

Company is paying travelling, Hotel etc exp of two director ( One is Managing director and other is just director, he not doing anywork in company )

Whether exp of both director are allowable for fbt or not

and if it not allowable for fbt, whether these exp are include in their Remuneration amount or not.

plz give full detail on exp of director for FBT purpose


RAM SAINI
05 May 2009 at 12:03

TAX ON GTA

we are mfg/exp and using the transportation services from the various transportars
we are paying the service tax as the service used from GTA

we are taking the input credit on freight inward and not taking the input credit on freight outward tax which is being paid by us

some of our transporters have the service tax number and they are charging the service tax from us from their bills

i want to know that have we to pay the service tax on the amout on which the service tax charged by the transporter and can we take the credit on that amount or we should not pay the tax to the transporter and should deposit it myself

if we can take the credit of service tax on the freight outward up to the place of the removal (can be the doorstedp of consignee)

whts the issue of credit of freight outward????


pls advice


nandini
05 May 2009 at 12:03

F.B.T.

do we consider depreciation on car while getting to the amount of total expense on which F.B.T. is payable..??


Jewel Chanda
05 May 2009 at 11:58

Filing Return

What is the last date for filing IT return for Assessment year 2009-2010?
Which Finance Act is applicable for assessment year 2009-2010? Finance Act 2009 or 2008?
Who determines the last date?


RAKESH

Hi

Please let me know the detailed procedure need to follow if

a Pvt. Ltd. fails to allot the partial amount of share application money received through automated route of Bank(say out of Foreign inward remittance as share application money received for 5,00000, only 1,00000 was issued) for a period of more than 1 years from the date of receiving the application money, if company wants to repay back the rest of application money received.

hope for quick and most practical way to sort out.






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