hi,

any one help me when the registration for the subject classes is open for registration.

Regards
Anil

I work on contract basis with software firms. I need feedback regarding my tax calculation.

How do i calculate my HRA and Tax when i'm paid lumpsum by any firm. It is 50,000 per month and i was on contract only for 7 months.Before this, I worked elsewhere for 15,000 per month for 4 months.

I paid 6,500 per month as rent at noida.
The total income was 4,10,000 and TDS (tax deduction at source was 10.3% at both the places) how much do you think would be my HRA??

Awaiting your early reply

Thanks & regards
Arun

If Company/Firm Or Individual give interest to individual which is minor in this case company/firm or individual liable to deduct tds from interest

Hellow,

Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?

In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U

Also let me know the citetion where Avg price is adopted as Mkt value

Hellow,

Please let me know how an approved government values stock of inventory? On what basis they calculates the Prices of an inventory?

In one case they have adopted Avg Price Per Unit...What it mean? Is it a Cost P.U or Mkt Value P.U

Dear Sir,

We are following cash accounting system. We
do not maintain any balances of sundry debtors/sundry creditors. We book income/expensive as when is received/paid.My
question is if party ask for balance confirmation as 31/03/2009 and statement of account,what should I do?, should I give payment received/paid statement or statement of account(as per mercentile).

Please help.

Dear Sir,

We are following cash accounting system. We
do not maintain any balances of sundry debtors/sundry creditors. We book income/expensive as when is received/paid.My
question is if party ask for balance confirmation as 31/03/2009 and statement of account,what should I do?, should I give payment received/paid statement or statement of account(as per mercentile).

Please help.

We have rendered Services outside India. We have raised a bill of Rs. 10 Lacs to the Outside India party.
Payment of the same is also received.

Should we pay Service Tax to the Dept? How much?

We are representing a USA company in India and promoting their products to India Customers,
Customers place order directly with USA company and import the goods. For our services USA company remits
Sales Commission in Foreign Currency in our Bank account. Some times their Indian Office pays the Sales Commission in INR also. Please note that the Contract /agreement we have signed for this is with directly with
with USA company only. We do not have any Contract with their Indian outfit.

Now Questions are:

a) Is the sales commissions received in US Dollar is liable for service tax.
b) Is the sales commissions received in INR from their
Indian outfit is iable for service tax.
c) Whether these amounts will be taken in for arriving the Threshold Limit of 10 Lakhs.

Dear Expert,
My brother is doing business.(DSA for Barclays Bank and ICICI Bank). His comission income is Rs.181230/- after deducting all expenditure. He is maintaing bills for income and expenditure. Last year he has filed only PROFIT AND LOSS ACCOUNT. My question is whether BALANCE SHEET is required to be filed or PROFIT AND LOSS ACCOUNT IS ALONE WILL DO.
PLS REPLY ME