Aranya Dey
01 January 2009 at 11:17

Tax Return Preparer

Plz. answer the following:-

1)Who is Tax Return Preparer and what is the criteria to be a TRP?
2)What is Keyman's Insurance and who is the Keyman?
3)What is IOU paid to the employees?
4)What is OFF SHORE BANK ?
5)What is Gold Bond ?


Vipul Chandra Dublish

A partnership firm in himachal submitted its ITR for A/y 2008-09 in July 2008 in Physical form whereas it was supposed to e file its ITR.

There is no notice or query from the department so far.

The firm has also applied for deduction u/s 80 IC.

What can be the consequences ? Whether the deduction u/s 80 IC can be denied on this ground?


Tushar Desai
01 January 2009 at 10:43

Tax on Employers Contribution of PF

Dear Sirs

Is Employer's contribution of PF taxable in the hands of Employee? If such contribution is deducted from the salary of employee than is it taxable in the hand s of employee? Is it allowable deduction under sec sec 80 C if it is taxable?


Sripada M
01 January 2009 at 09:27

Import of Service?

Hi all,

Please answer the below query with reference to any section/ circulars/ Rules

X is a foreign service provider, ABC Ltd is a Indian service recipient.

If X provides taxable service to ABC Ltd, liability of service tax is on ABC Ltd. But the question here is, can ABC Ltd claim service tax credit on that, if

* the place of performance of service is outside India and used in India
* the place of performance of service is inside India and used in India


RAMESH BABU
01 January 2009 at 08:12

documents to be submitted to appeal

Sir,

pl. tell me what are the documents to be submitted to file an appeal with commissioner appeals at service tax dept i.e., form no and other documents and enclosures and fees payable if any along with the appeal.

yours faithfully

G Ramesh babu


CA Ashok Shah
31 December 2008 at 18:56

TDS on Foreign Remittance

One of my client a private ltd is freight Forwarding Agent who takes cargo of their client from India to be sent to the warehouse of Importer factory outside India. Necessary formalities are carryout at port of India by my client and other formalities and payments are made by the agent of respective country in its currency. After completion of this job, my client is required to remit the sum which his agent has spent plus agrred amount as brokerage/Commission or share of profit.
IS TDS require to be deducted on such remitance??? if yes provide the exact provisions of I T Act


Naveen Aggarwal
31 December 2008 at 18:26

Condition of transport service tax

What are the condition of service tax in which the receiver has to pay service tax on the transport organisation sector.


Pratheej
31 December 2008 at 18:12

Notification 4/2004

i hav 2 doubts
1.For eg am a cab operator who picks up n drops the employees of a unit in a SEZ.As per this notification should i charge service tax in my bill???? My contention is that i don have to cuz the employees are engaged in performing the export oriented jobs.This in turn will help the nation to get valuable foreign exchange n so no service tax should be charged.Please temme if am rite.
2.Also temme if der has been any amendment to this notification


ajay
31 December 2008 at 18:06

re: transfer

can i take transfer anytime from firm if i want what r the procedure


Dasharath Appa Pujari
31 December 2008 at 17:33

LC Charges

Dear Sir,

Can you explain ,e the detail procedure for opening an inland LC? Also provide me with the list of charges to be paid at the time of opening & closing of LC.





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