We are under Composition Tax we are having Hotel division we supplied 60 meals to one company, we are not contractors to them just one time its supplied. Total bill we rised Rs 72600/- They given the cheque value Rs 68051/- After deducting TDS Rs 1645/- and Vat Rs 2904/- they asked the bill with vat split up because we are under composition how we can show vat deduction
is there any tds applicable on VAT

Company is hiring vehicle on monthly fixed payment and variable rate per km on actual vehicle running. The vehicle is available with us for 16 hours in a day.
Vehicle registration number is not mentioned in the contract. The driver, maintenance, oil & fuel is under the contractor scope.

On this transaction which TDS is attracted 194C or 194I.

Will there be any change in TDS if vehicle registration number is mentioned in the contract.

One salaried person having physical disability as per U/s 80U - up to 50000.00 Rs.

He was receiving salary income Rs. 4000.00 per month and filing his return regularly from last 4 years. In which he had not sufficient income to claiming deduction U/s 80 U.

Now in year 2007 - 08 he was receive an arrears for last 3 years i.e. 2006-07, 2005-04, 2004-03.

Due to this arrears, after relief U/s 89 and deduction U/s 80 U he has to pay tax of Rs. 7500.00 in A.Y. 2008-09.

Because He has not sufficient income in previous years, so that he wasn't get any advantage of U/S 80 U. Now he is receiving an arrears which is his not this year income but it is for last 3 years income which he get in this year.

My Question is that -
1) is he get any extra advantage of U/s 80 U in this year. or
2) is he get any other advantage under any section expect U/s 89

Please give me reply as soon as possible and give any case law or circular or notification if it is.

please clarify my provident fund (PF) doubts.

1) what is the maximum and minimum contribution that has to be done by employer?
2) if offer letter shows 25000 as basic, can the employer say 6500 will be consdiered as basic for PF contribution by employer? I mean here offer letter shows one basic and employer is considering small amount for his PF contribution.


Thanks & Regards

Ranganath

Please suggest if a salaried person can claim share loss in his income tax return?

Hi,
I Want To know the scruitiny norms set by the I.Tax Deptt. for the A.Y.2008-09.

I am a registered student in pcc and i begun my articleship on march 2008 and my first attempt of pcc is in Nov09 and final is in Nov11.

Suppose i convert to ipcc:
a) When will be my first ipcc attempt?
b) when will be my first final attempt?
c) will the articleship of 10 months i have undergone till now be counted.

d) Does that mean that i will have discontinue my articleship as for now(take transfer) and first clear my ipcc and then register with a CA to complete my remaining articleship.

IS ICAI RECENT BENCHMARKING TOWARDS CA COURSE IS 4 APPRAISAL OR 4 MISGUIDING 2 US?.... THEY THEMSELVES WL NT UNSTD WHO IS IN WHCH CORSE?...

WILL IPCC COURSE ATTRACTS CA STNDTS TOWARDS EARNINGS AT EARLY AGE & MIGRATE THEM 4RM PERFECT STUDY?.....

if a person get salary in mumbai and doing service in saudi . and paying house rent in mumbai where his family member's are residing.(family member include father and mother)

Salary details
HRA per month RS.9830
Actual.rent paid - Rs-8000 P.M.
BASIC SALARY INLUDING D.A RS.19212 P.M.
what is the taxable amount of HRA.