Can A Pvt. Ltd. Co. earning few profits give intt free loan to its directors?
Is it necessary to charge interest on loan given to directors?
Please answer
Thanks

Hello IT Experts

Can anyone give me a format or guidance for how to reply to the notice received from the income tax department? What type of content shall be there in the reply letter? What type of words to be used?

Thanks
Rohit

Dear all,

One of the professional serivce renders to us does not want us to deduct TDS on payments. Is there a form through which she can ask us not to deduct TDS.

Dear Sir/Madam,

I have a query in respect of reimbursement of expenses.

Currently as i understand any invoice raised in respect of reimbursement of expenses goes as credit to expenses instead of revenue.

If the contract is inclusive of expenses, it takes the shape of revenue.

Hence, wanted to know whether there is any possibility of recognition of revenue on reimbursement of expenses if the contract is not inclusive but exclusive.

I am given to understand that as per US Gaap, the same can be taken as revenue...

Would Indian Gaap also allow me to do so...

if yes/ no.. can you substantiate with any guidelines or write-up...

Thx in advance...

Dear Sir we have booked bill in sept-08 and oct-08 without deduction of tds now we are making payment after deducting tds. So please suggest us that will we defaulter or not for tds deduction

SHALL I GET A OPEINION ON CENVAT CREDIT AVAILABILITY ON STEEL AND CEMENT

Dear Members

1. My senior told interest on capital calculated at cumulative balance?

2. Interest on Capital calculated at capital account include current account of partner's it's correct or wrong

A proprietorship concern purchases papers & board from marketand get processed for printing and packing boxes from outside on job work basis. It don't have any machinery. Whether excise is applicable to it?

Will there be any difference, if the job processor is subject to excise?


PLEASE REFER RELEVENT SECTION AND/OR RULE?

Is Service Return filling is compulsory for person who have Service tax Number but No service Tax liability.As per applicable sec. service tax return shall be filed by who is liable to pay S.T.

Two wheeler dealer is collecting road tax from buyer of vehicle and repaid to the RTO agent who are working on their behalf. whether amount collected by dealer is subject to service tax if yes then repaid the entire or portion of it to RTO agent is allowable thereon as input credit. and if dealer is not liable then Agent is liable for it. please repy immediately.

thanks,