I was working in India till 8th July 07 in India in an Indian company. I left my job and moved to the USA on 25th July 2007 and joined an American company. Since then I have been working here.

Could anybody pls tell me whether my income in USA is taxable in India for 2007-08?

Dear Sir,

We are a partnership firm providing BSS services.

We received on account advance payments from the party to whom we provided services and on whom we raised the bills

the amount received as adv ,we used in the business as follows
1.Payment of security deposits
2.purchase of assets.
3.and rest we used for business.

How we can save the interest on this advance payment received.

Please tel the accounting entries and how we show it in our books.

What shoub be our explanation on this in case of service tax query.

i have given cpt december attempt.so i want to have all information about new course IPCC.

what new course has been included as regarding ipcc by icai?

Query:

If an individual wants home loan then the banks ask for three years IT return.

My question is if the return was filed after due date then will the bank consider the return for home loan

Regards
Rajesh Choudhary

WHAT ARE THE AREAS IN WHICH CA STUDENT WHO WANTS TO GET JOB IN THE COMPANY NEED TO EXPERTISE ?

REPLY WILL BE HIGHLY APPRECIATED !

At the time of scrutiny of a private company it was seen that a shareholder holding more than 90% holding had taken loan from the company. That loan amount was held to be deemed dividend u/s. 2(22) (e).Thereafter a notice u/s. 148 was issued to the shareholder, who in response to same filed a revised return, agreed to the addition and paid tax in relation to the amount held as deemed dividend. Against that revised return notice u/s.143 (2) was issued. Assessment was completed accepting the total income as per revised return. But now A.O. has levied penalty for concealment u/s. 271(1) (c). Is A.O.'s contention right? How can the assessee cancel the penalty levied?

My client is trader in Ink registered under MVAT. He has his purchase in local @4% and Sales in Local as well as CST. We file halfyearly return. This year he is having refund in 1st Half. I need detailed guidance in Refund Claim and documents and reports to be submitted for refund and in which format, and if any change to me made in filling Form 231. It would be helpfull you can send any formatted xls file on my id ketang2@gmail.com
Thanks & Regards
Ketan - 9220644724

Dear Friends,

The course namely CFTM (Certified Foreign Trade manager) offered by
"The Institute of Certified Foreign Trade Managers of India" gaziabad
has any worth in the market;

if so, for whom it is better i.e. for finance people, for marketing people ...?

i am little bit confused about this course, can you please suggest me....;
is it a worth to do this course along with CA or any course ?

i am waiting for your suggestions,
with regards,

Amresh

Hello friends,

I am putting written contex of mail received from my client, he received from a very gud Airlines.....

Congratulations!
It gives me great pleasure to inform you that you are a proud winner of BlackBerry Smartphone Pearl under the 15th Anniversary Promotion launched by XXXXXX Airways.

Since the promotion comes within the purview of section 194B of the Income Tax Act, 1961, you would be required to pay Tax Deducted at Source (TDS) on your prize which is Rs. 7725/- (i.e. 30.9 % of Rs.24999/-). On payment of the tax we request you to furnish us a copy of the demand draft and the tax paid challan for our records alongwith your (a) Full Name, (b) Residential Address, (c) Contact Details, (d) PAN Card Copy and (e) Postal address (where you would want the prize to be sent)

Now the thing is that how can my client deposit TDS and/ or the other way to deal with this kinda thing from such a reputed airlines