I want a complete Cost Benefit Analysis (including compliances required in their respective laws applicable on it) for decision making whether i should register our non-profit making organisation (foundation) as Society or as trust or incorporate as sec 25 company..

(Please, also tell me about tax implication in all these three options)

mail me at : aadarshg@rediffmail.com

Hello Sir,
We are the newly established Construction
Private Limited.

Do we require to register for Service Tax?
In which cases, service tax will be applicable to us?

thank
Bhargav

Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.

Point No. 78

Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :

such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.

Point No. 87

Salary paid to driver of a motor car :
is a vehicle running & maint exp.
------------------------------------------
CLARIFICATION Received
___________________________________________

When there is reimbursement of conveyance expenses then it is clear that the vehicle is not owned by the employer. So here is salary paid to driver by the employee.

On the other hand "Salary paid to the driver of a motor car - is a vehicle running & maintt. expenses" means that vehicle is owned by the employer and driver is also his employee.
===========================================
Supplementary question ?
===========================================

In our case, the vehicle is owned by the employer & employee is using it for office purposes.

Employee is using his personal driver for this & claiming reimbursement from the employer for the driver's salary.

Now tell me how should i take it.

Thanks & Regards,

Subhash Jha

If an assessee has sold two residential flats (adjacent - used as one unit) and invested the sale proceeds towards purchase of two new residential flats (not adjacent), can the assessee claim expemtion u/s 54, in respect of investment in both the new flats?

Thanks & Regards,
NIki

Mam/sir ,

1. Kindly let me know the primary procedural requirements to be complied with while getting :-

a)working capital borrowings for company.

b)Term loan borrowings for company .

2. please suggest some good book for reference also .

Many thanks in advance

ashok malhotra

Dear Members,


The client has made a payment of Rs.75000/- to society of Indian automobile manufacturer for organising TECHNEX. The same is debited to Training fees. Whether TDS is to be deducted on the same.
OR
The same can be debited to conference expeenses.

Thanx in advance
Tejashwini

i cleared inter in 1998 and attempted final 6-7 times thereafter now there is gap of atleast 3-5 years. can i apper for fianl in future ?? how ?????

What is this standard deduction @30% on income received from house property?
pls reply on my id ie anan14leo@gmail.com

i know that company is liable to deduct the tds on salary paid to employees. my question is that if a employee filed a declaretion to company that he will be invested rs.100000/ u/s 80c, & company give the deduction for same while deducting tds, but later on employee could not invest the same,& company deducted whole short tds in the month of mar. Is company liable for interest for short dedution in earlier month liability of tds.or what is provision in this regard. please refer the circular or notification or sec. in this regard
(if any).


thanks& regards
ankur miital

I want to file online return of a trust.But while registration; website of income tax showing NAME error.
Is there any facility which gives me correct name & address of the pan holder?