Dear all,

We have paid one of our employees an amount equal to his notice pay. His previous employer has not shown this payment in form 16. If we show this money as his income then his tax liability will be more. How should we treat the money paid to him? Is it an expense for the company?

'X' owns a residential house. His father also owns a residential house.
After the death of his father, 'X' and his brother becomes the legal heirs of their father's house and his brother is residing in that house.

In this case,
1) Will 'X' be treated as Co-owner of the property?
2) Will 'X ' be required to show any one house as "Deemed to be let-out"?

Can u pls explain FTP ( FUNDS TRANSFER PRICING) and its uses for a company

regds,S.KUMAR

Are provisions of Sec. 195 of IT Act, 1961 applicable?

eg:
There is JV between two companies Indian & Foreign.
Suppose Foreign Co. provides some employees to JV and those emplyoees while on duty incurr some expenses on behalf of JV which calls for reimbursement. Now Foreign Co. reimburses those expenses and raises debit note of those expenses on JV. JV for whom actual expenses are incurred reimburses those expenses to Foreign Co. To make it convinient Foreign Co. plays intermediater role.

Is payment towards debit note i.e. reimbursing of Expenses to Foreign Company falls under provisions of Sec. 195??


Please reply to matter its urgent.

Citation of Case laws in favour of not application of Sec. 195 will highly be appreciated.

Thanks.

Are provisions of Sec. 195 of IT Act, 1961 applicable?

eg:
There is JV between two companies Indian & Foreign.
Suppose Foreign Co. provides some employees to JV and those emplyoees while on duty incurr some expenses on behalf of JV which calls for reimbursement. Now Foreign Co. reimburses those expenses and raises debit note of those expenses on JV. JV for whom actual expenses are incurred reimburses those expenses to Foreign Co. To make it convinient Foreign Co. plays intermediater role.

Is payment towards debit note i.e. reimbursing of Expenses to Foreign Company falls under provisions of Sec. 195??


Please reply to matter its urgent.

Citation of Case laws in favour of not application of Sec. 195 will highly be appreciated.

Thanks.

WE ARE RENTING OUT MACHINES TO OUR CLIENTS IN TWO WAYS (1) MACHINES ARE SUPPLIED TO THE COMPANY AND THEY OPERATE THEM (2) MACHINES ARE SENT ALONGWITH MANPOWER TO RUN THEM. DO WE PAY SERVICE TAX OR VAT?


ALOK DAS

1. We are executing major water supply and sanitation projects for government boards like BWSSB, KUWS&DB, KUIDFC, ZPE ..etc. We are registered under works contract. Do we have to pay service tax for government projects? As these works are not for industry or commerce...

2. All the tenders are quoted and being executed before 1-6-07 i.e before applicability of Service Tax on works contract. Do we have to pay service tax on all projects as well or only new works after 01-06-07. As we have not quoted our rates including service tax, cause it was not applicable at that time.

Please guide

Can anyone help out
Now i m tired of it
1st thing articleships troubles a lott due to which we get no study time
what to do?

iam managing a partnership company TSK&CO

i want to convert it in to unlisted plc

i would liketo know

min /max members

min authorised/paid up share capital

and other info

can i move directly with out converting in to pvt ltd

Hi,

1) Pls let me know the time limit to get TDS No. if one is liable to deduct TDS in March and not before this month.

2) Is it necessary to file TDs Return if the TDs deducted during the quarter is NIL