A foreign vendor provided technical assistance to m/s ABC co., with a payment terms as follows $30,000 USD and tax is to be borne by the foreign vendor at applicable rate.

M/s ABC made a liability in its books on 31.03.08 and deducted tds u/s 195 of IT act at applicable rate and deposited the same to IT department.(Dollar rate as on 31.03.08 was Rs.40 per USD, say)

Now actual payment is to be made by M/S ABC co to that the foreign vendor(i.e., $30,000 USD). Dollat rate at the time of payment is Rs.46 per USD, Say.

Question is: Whether additional TDS is to bne deducted on the amount increased due to exchange rate fluctuation or not?

Dear aLL,

I WANT TO KNOW THAT PAYMENT OF SERVICE TAX FOR THE MONTH OF MARCH LAST DATE 31/03/2009 ,BUT IF WE TAKE A SERVICE OF TRANSPORT IN 31/03/2009 after BANKING HOURS & L.R. IS ALSO MAKE 31/03/2009 THAN WHEN WE MAKE PAYMENT OF SERVICE TAX?

CAN U TELL ME HOW THE INTEREST UNDER SECTION 234B AND 234 C ARE CALCULATED BY GIVING AN EXAMPLE.

Hi,

I missed the deadline for filing retutn for FY 2007-08. Wanted to file before 31-Mar-2009. I have e-filed my return (through Taxsmile) on 30-Mar-3009 and have the ITR-V with me. Now, do I need to submit to IT department for acknowledgement today (31st) or since I have efiled before 31st, I have some more days to get acknowledgement?

Thanks,
Meenakshi.

if anyone is having cancellation form for service tax,or procedure for cancellation of service tax no please mail me!
id- ashanirajni@yahoo.co.in

Respecte sir,

If a person who is getting shop and godown rent then is he eligible for deduction u/s 24 towards repairs and renewals under the head "Income from house property" as this is not a house property. These are commercial concerns.

If in above question if he is not eligible under "Income from house property" then whether we will show it under the head "Income from other sources"
Please guide.

Thanks

(Subhash Mishra)

defination and difference of executive,non-executive,independent and ordinary directors and minimum number of those directors required in 100% state govt. enterprise company

Due to error or mistake incalculation of depreciation in 2006-07 and 2007-08, Depreciation written back has been donein the 2008-09 for the excess depreciation charged. We are paying MAT. What will be the impact on MAT Calculation and penalty if any due to that prior period income. Can any one clarify?

IS THERE DOUBLE TAXATION AVOIDANCE TAX TREATY WITH TAIWAN

IF ANY TAX WAS DEDUCTED AT SOURCE IN TAIWAN

THEN HOW THE RELIEF WILL BE CALCULATED?





NARINDER KUMAR

IS THERE DOUBLE TAXATION AVOIDANCE TAX TREATY WITH TAIWAN

IF ANY TAX WAS DEDUCTED AT SOURCE IN TAIWAN

THEN HOW THE RELIEF WILL BE CALCULATED?





NARINDER KUMAR