K V RAMA MOHAN RAO
18 December 2008 at 10:28

Salary Income

Is there any difference between LTA and LTC in tax emptions while arriving Taxable income


Guest
18 December 2008 at 09:51

registration of the units

Hi

I have two offices in mum and blr and both are working under the same company name. We have registered both the offices seperately with the Service Tax.

Can we go for a Centralised registration for all the branches under the same company. If yes which section of the Service Tax Act says about that.

Pls let me know. ASAP


Vijay
18 December 2008 at 09:34

TDS SECTION 195

Respected all,
my query is that i deduct tds on foreign company for consultancy charges in this case we submit tds in income tax department we need pan copy of foreign company but i have no pan no. indian pan no. copy for this company and for tds submit software of tds need 100% pan no for submit tds


Mona
18 December 2008 at 01:12

Share application money

Can an India company use an account called Share application money for advances from a parent company? How best to treat advances from a parent company, when the work is not performed yet. Need help with entries - cash, advance, share application, revenue, etc.



Ajay Kumar Dokania
17 December 2008 at 22:18

revised return U/s 148

A retailer originally filed return of income U/s 139 (4) of the I.T.Act for the assessment year 2004-05 alongwith trading A/c, P/L A/c capital A/c Balance sheet and computation of income and disclosed less than 5% of his turnover. Lateron, on the basis of survey conducted U/s 133A made on 21-10-2005 some purchase inovice were impounded pertaining to assessment year 2004-05 the A.O. has issued notice U/s 148, without mentioned in order sheet the reason for issue of notice . A.O. only mentioned on ordersheet Issue notice U/s 148 . Further the A.O. has not mentioned on the body of the notice , the reason except the language of Section. That the assessee has in response to notice filed return U/s 148 of the Act, disclosed Net Profit more than 5 % and also filed only capital A/c. The A.O. has assessed the assessee by his on way and disallowed the claim of closing stock by saying that the assessee has not furnished detailed of closing stock with return though it appears from the original return the assessee has maintained detailed books of accounts though inspite of repeated demand the assessee has not furnished the books of accounts and details of stocks, as such hold that the assessee has sold all the entire stock and estimated the N.P. @ 5 % after disallow the closing stock filed with original return, though accepted the opening stock of year by saying that the opeing stock on verfication of immediately preceeding year found correct.That the assessee wants to file an appeal. I Think the initiation of proceeding U/s 148 is illeagal and the manner of disallowance of entire closing stock and ley of tax on entire enhance turnover is unjustified. Kindly advise with supporting case law if any.


vikram
17 December 2008 at 21:53

dtaa presentation

pls give me detail regarding dtaa article 90


aneel
17 December 2008 at 21:13

TAX CONSEQUENCE

whether a salaried person give a loan in cash above rs 20000
is their any consequence\contravention of any provision of I.T ACT


Syed Riyazuddin
17 December 2008 at 20:33

Accounting Technician Certificate

Please explain about the Accounting Technician Certificate, Is it useful for a candidate who has completed CA Inter to get this Certificate. What are the benefits of it.

Is it mandatory for CA inter passed candidate to get this certification.


lakshmi
17 December 2008 at 20:25

WCT Vs WCS

A service provider rendering Commissioning and Installation services, charges his customer Works Contract Tax (WCT - a State levy) but not paying service tax on the grounds that Sales Tax is paid. The department says that WCT is not equivalent to Sales tax and involves both material and labour hence wherever WCT is paid service tax is to be paid on the whole contract value after due abatement. ST is not payable only in cases where the service provider is paying VAT. Is the departments view is correct?


K V RAMA MOHAN RAO
17 December 2008 at 20:23

CURRENT ACCOUNT TRANSACTION

House hold withdrawls of owners was drawn from current account of the business. How this expenditure will be treated for taxation purpose?





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