Sir/Mam,

Please let me know what section does presumptive taxation falls for Sub contractors - civil constructions.

What is the % of profit on gross recipts & in case he opts for the same does he need to maintain the books of accounts

Thanks
Altaf

Please confirm whether interest is payable on a demand including interest u/s 234 B.

Whether Interest on Interest can be charged.

what will be the depreciation in case of ?????

1. hire purchase system

2. instalment payment system

pleaese refer circular 9 of 1943

Hi experts,

Can anybody tell me that, What is "Dearness Allowance" and It's applicability..?

Thanks!
Vijay

Sir,
Can you give information about is there any penality for dealy payment of service tax if assessee is other than company

Hello,
I m planning to enrolled for a one year Course for Complete Business Accountant(CBA)of IIJT.As i m already registered for CA(IPCC) and my first attempt falls on May, 2010,Do I need to take prior permission from the Institute(ICAI) for doing the said programme(CBA) or not.
Secondly, I would like to know when will the application form for BBA (Bharithiyar University)espicially for CA students which was recently launced by MOU signed with ICAI )
will start available.

Sir,

We are in an Automobile industry and undergoing a development work at German. Due to visa problem the work done by a foreign service provider at German.

While paying charges to Foreign service provider is it necessary render service Tax?

Please Guide.

I have a question regarding HRA computation

HRA is the least of the following

1.40 or 50% of the salary ( in case of metro & non-metro )
2.actual hra recd
3.Excess of rent paid over 10% of salary

In the following what does salary represent either salary or basic salary

while salary includes DA, commission
and basic salary does not include so

so what shall we take for the computation either salary or basic salary

is there any boby who can let me the list of hostel For C.A students in DELHI,KOLKATA & MUMBAI all the three places if any body plz let me know as soon as possible

Case : X Ltd. was incorporated on 01-02-1998 and Mr. P was appointed as auditor by the Board of Directors in their meeting held on 03-03-1998.

According to sec. 224, the board of directors shall appoint the first auditor of a company within one month of the date of registration of the company by a valid resolution. Further, if the board fails to do so shareholders shall appoint first auditor in the general meeting.

In the present case the date of incorporation is 01-02-1998 and the directors have appointed Mr. P as the first auditor on 03-02-1998 i.e. to say after one month.

Query : was this appointment valid or it should be deemed as void so that it could give rise to the powers of Central Government conferred upon it by sec. 224(3)