Under Companies Act, Is it permissible to form a company(pvt. ltd) with all shareholders and directors being Non-Residents???

BIGIM PVT LTD, a Music CD selling company has sold some CD to its distributors and for the sales target achieved or particular amt of sales made, to its distributors, has given incentive to such distributors by issuing a Credit note. The accountant contend that incentive is in nature of Discount and Debited to P&L and not liable for TDS.

Whether BIGIM PVT LTD is liable for TDS ?

BIGIM PVT LTD, a Music CD selling company has sold some CD to its distributors and for the sales target achieved or particular amt of sales made, to its distributors, has given incentive to such distributors by issuing a Credit note. The accountant contend that incentive is in nature of Discount and Debited to P&L and not liable for TDS.

Whether BIGIM PVT LTD is liable for TDS ?

X, a resident assessee lady below 65 years of age has Short Term Capital Gain amounting to Rs. 1,50,000 in the current year.

Her other income amount to only Rs. 1,65,000 i.e. below taxable limit.

Will she be liable to pay STCG?

There is a Tour operator. He provides service to a Non-resident for touring India. Should he charge service tax in the bill? Will he get rebate in service tax?

HI SIR / MADAM
I HAVE ONE QUERY THAT CAN V TAKE INPUT VAT CREDIT UNDER CST ?

The investment made by me in NSC in my wife name can I calim sec 80 C benefit.
She is a house wife

Hi,

We are a partnership firm in business since 2005. Recently we have lost our partnership deed which has been registered with the registrar of firms in 2005. I have tried to retrieve the documents from the registrar of firms but they dont have a copy either. What is the best way to proceed?
Do we have to launch an FIR? If so how long will it take before the police declares that the deed is lost and we need to make a new deed? Can we make a new deed immediately after filing or without filing the FIR?
In the new deed what should be the terms and conditions be with respect to the loss of the deed (How do we mention it there)? Will the conditions in the old deed apply even after the new deed is signed or can we make it void? How will the conditions in the old deed be enforced if its not available?

When we should start charging depreciation on newly purchased assests?

plz answer with reason.

hy
i am in trouble how to manage my time while
attending office i am having ca final exams in june 09

sakshi