If we have a JOB WORK bill from a party which includes material and labour amt sepreately in the same bill.Than at wat amount we should deduct TDS i.e on both on labour and material amount or only on labour amount?

we are Registered Excise Dealer. I want to know whether we can Pass on service tax paid by us on Freight, Telephone & other services availed by us TO any CENVAT registered Manufacturer. If yes, what is the procedure to do so? Can we pass entire service tax paid 1 single customers OR any ratio has to maintained.
Please guide in ths matter

I am a qualified company secretary working with a leading ca firm in my city. With the new ipcc scheme introduced, i am willing to pursue ca. but my query is will i get any exemption in ca articleship on the basis of my work experience. Work experience in both ca firm and in corporate. according to the new scheme by the time i clear my ipcc i would be having atleast 3 years work experience. Please guide me. and one more thing do i have to clear cpt also or can directly enrol for ipcc on basis of my acs qualification.

Salary Arrears for the year 1996-97, 1997-98, to 2008-09 received in this year 2009-10. I had separated the Salary income to particular years as per the limits, here my question is whether i have to once again revise the Income Tax returns for those years & have to pay income tax for particular years, or to this year i have to adjust. bcoz bank won't accept the I.T.Challans for earlier years. how maximum benefit i can get? Thanks in Advance

One of my clients had purchased a shop for Rs. 150000 in F.Y. 1998-99. Through over sight the investment made in the shop was not recorded in the Balance Sheet. Now during the F.Y. 2008-09 he wants to sale the same for Rs.450000 (the value prescribed by Stamp Duty Authority).Now he wishes to show this transaction in the books of accounts. Since investment was made in 1998-99, in the year 2008-09 it cannot be reopened for any assessment as 6 years has passed since year 1998-99.

Now my questions are:

1. Does he liable to pay tax on L.T.C.G. of Rs.201282 (450000-248718 being indexed cost of acquisition)?

2. Will entire Sale Value of Rs.450000 will be liable to tax in the year of sale i.e. F.Y. 2008-09?If yes how?

Kindly opine with remedy

A Company is Deducting 15% P.M. from Salary of Staff.

This Salary is Payable only if person is associated with company for 24 months.

While Calculating TDS Company takes full Salary Amount.

As per Form 16 Salary income is higher but actual receipt is 15% Less.

Now quesation is
1) If salary not paid only calculated TDS on the Same is applicable or not?

2) While Filling individual return - Salary REceivable is Shown In Balance Sheet or not? - If not Mismatch with From 16 ?

3) If Individual discontinue his service & 15% Of pervious year & Current year Salary amount is not receivable how his income will be shown? how he can claim
his loss & under which section?

My Client has availed a Personal Loan from bank during the financial year 07-08. He purchased a house property from the personal loan and rent receipts were made. He paid interest on the personal loan received from the bank.

Can he claim interest paid on personal loan received for the purchase of house property u/s 24(b) of the IT Act. interest on borrowed capital on personal loan from bank.

Whether FBT is applicable to a company where there are no employees(i.e employee are on deputation basis) but employee related expenses are debited in Profit & Loss A/c eg. Travelling exp,Employee welfare exp.

Thanks,
Kruti.

Whether FBT is applicable when there is no employees in the company but they have taken employees on deputation basis

hello friendz
our client received a bill which from job worker for work ontract which include
40000 material on which 4% vat is charged
n 25000 labour amount
now on which amount we should deduct t.d.s (material amt can be identified from bill easily)
thankx