Sir,

I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.

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.

THE ABOVE TWO POINTS ARE CONTRADICTORY.

CAN U URGENTLY CLARIFY.

WHAT IS THE CORRECT TREATMENT?

Thanks

Subhash

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Dear All Can One Person be the Owner or Proprietor of more then one Proprietorship Companies and He is Dealing in Different types of Business.
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We are a STPI unit hving a parent co.in USA, now we r going to purchase some chairs from malaysia costing around $28k, can our parent co. make the payment against it?? will there any problem concern to STPI, Income - Tax or FEMA??? waiting for your reply..

Nazir

hi everyone,

1. I want to go abroad after completing my CA. (result awaited). can anyone please tell me which is the best country for indian CA`s, my prefrence is go to austriala & canada .

2. Is it compulsary to do CPA or ACCA for going abroad ?

3. IS Pre qualifiction experience i.e Article ship is counted as experience in abroad ?

4. give me rough estimate of the expenditure for this purpose ?

i am waiting for your reply,
thanks in advance.

Regards
Manpreet singh

e mail : manpreet-1@hotmail.com

I would like to start an Immigration consultancy. I would like to know whether do we need to register any particular athority to do this business?

Dear Friends

I have quarry regarding payment of service tax. One of my client has paid service tax on the basis of gross amount of bill charged and not on the basis of receipt of amount of bill. He has done so for a period of 18 months and till today he has not filed his service tax return. Now we want to file his service tax return for 3 last half years. Now the problem is there is an excess payment of service tax in some quarter and less payment of service tax in another quarter.

So, my question is whether such excess amount of service tax can be adjusted against the liability of subsequent quarter's service tax liability and interest liability there on?

If yes, then whether first against interest or service tax ?

If not, then whether the excess amount should be claimed as refund?

I hope you will spare your valuable time to guide me.

Thanking you.

CA. Deepak Patel