We have Registered Office & Corporate Office situated in Pune. We have our employees (recruited locally) situated and operating in other States in addition to the State of Maharashtra. All these employees currently report directly to the Corporate Office in Pune. Salary of these employees is also centrally processed in Pune Only. Currently we are deducting Profession Tax from salary of all employees (including those operating outside the State of Maharashra) at the rates specified in the Maharashra State Tax on Professions Act and depositing the same with the appropriate authorities in the State of Maharashtra. Is this treatment correct OR do we need to obtain separate registration from the respective States in which the employees are operating and deposit the dues as per the respective State Acts with the respective State Governments?

Pl guide me on Central Excise tariff on branded masala, kiranas, curry powder & corrugated carton boxes.

Also VAT under tamil nadu VAT Act pl

A partnership firm has received payment of Rs 50000 after TDS of Rs 5000. Now it has charged the TDS in the P/L appropriation Account and after that net distributable profit has been divided in the profit sharing ratio. Whether the above accounting treatment is correct? If not please advise what should be done?

A partnership firm has received payment of Rs 50000 after TDS of Rs 5000. Now it has charged the TDS in the P/L appropriation Account and after that net distributable profit has been divided in the profit sharing ratio. Whether the above accounting treatment is correct? If not please advise what should be done?

Please, tell me excisable goods return inwards or outwards procedure, if already cenvat taken & uses some input in production after that few input return for quality problem, what is the procedure of goods return under excise rule?

Please clarify for any predetermined order, E1 Sale could be done.
Example party A is a supplier from Bangaluru, Party B - Dealer in Coimbatore and party C in Trivanrum a sub Dealer of B.
Can party B ask his supplier A to ship the goods directly to party C at Trivandrum against an order received under E1 Sale.

SITUATION

MR.K(EMPLOYEE) HAS BEEN EMPLOYED WITH IOC(EMPLOYER). MR.K IS A OWNER OF HOUSE PROPERTY.
THIS PROPERTY IS TAKEN ON A LEASE BY IOC ON APPIONTMENT AND SUBSEQUENTLY GIVEN BACK TO MR.K AS A RENT FREE ACCOMADTION.
NOW. THE PROBLEM IS THAT HERE MR.K IS BOUND TO PAY TAX ON HOUSE PROPERTY U/H THE IHP AND AS PREKS IN RULE 3(1) U/H SALARY.

PLEASE EXPLAIN WHAT IS TO BE DONE IN THIS CASE & IS THERE IS DOUBLE TAXATION?

a company inreased its income by way of fraud, to take a loan from bank.
two year after the mal practice has been discovered by income tax department.

can the company now make a claim to refund tax of the inflated income previously paid.

Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.

Dear Friends, I have a little doubt in my mind. When we deposit the Capital gain AMount in Investment scheme u/s 54 for claiming exemption, we need to utilise it for purchase of property. SUppose, in next year I withdraw the LTCG amount from the scheme and utilise it somewhere else. Then in that case, the so withdrawn amount shall become LTCG in my hand in that previous year in which money so withdrawn. Now, if I have some LTC Loss also, then can i get set off benefit between these two, i.e LTCG due to withdrawal of money and not utilising it properly, and the Long term capital loss. I hope I am clear, if anything not understood please let me know.