Hello Experts

First of all thanks for showing your interest in sharing your knowledger.

Guide me about section under which i am responsible to deduct tat at source whether 194C(contract) or 194i(rent);
1. I have taken Material Handling machine (Forklift truck) on hire, rent is fixed for a month. I have to fill diesel and to incur all other operating expense and the machnine remains with me only.

2. I am using the same machine but i have to just pay a sum fixed for a month(use for 8 hr a day) & extra cost per hr for overtime if any. i dont have any possession of the machine and i dont have to incur any other operating exp. or even diesel exp.

As per my openion tds provision will be applicable as follows;
1. U/s. 194I as the Machine is hired and possession remains with me only.
2. U/s. 194C as i have given contract for working at my site and i am having no control over possession of the same or not to incur any operating exp.

Please give your valuable opinion on above cases.

Thanks
Rohit

Please tell me whether we need to deduct TDS on the purchase of stationeries which are printed on our own specification? We have accounted this as a purchase, whether we need to deduct TDS?

A person who engage in Construction of residential flat for the purpose of sale after construction works are complete in that cirumstances AS-7 are applicable or not for Revenue Recognised in the books of accounts in assesse. Pls reply the queries along with citation of court case if any.

service providers receipt doenot exceed specified limit(10 lacs)in such case he deonot have to pay sevice tax to govt .

However in such case do he need to collect ST on bill raised by him .
and can he claim refund for ST paid but not claimed as credit .????????????????????????
wht i mean is if he is only service provider and has standing ST credit in his account as he is lying in exemption limit of 10 lacs so in such case can he claim refund of that credit OR can he claim as expenses

i have been registered with institute for articleship w.e.f. 17-02-2006
then i took transfer w.e.f. 30-06-2008 & got re-registration w.e.f. 7-08-2008.
in my new reg. form im was intimated by the institute that i had taken excess leave of 20 days & intimated that articleship of 7months & 20 days is pending.

so for how many days i have to apply for extension ?
what is the procedure?
if i can clarify with ICAI at which no. i should make call.

please let me know

whether directors are employees of the company for the purpose of FBT?
If yes, then which category of directors are employess.

As per rule 2(1)(d)(v) of Service Tax Rules, Consignor or consignee who is paying freight will be liable to pay service tax, if consignor or consignee is any one of the following -
(a) any factory registered under or governed by the Factories Act, 1948 (63 of 1948).
(b) any company formed or registered under the Companies Act, 1956 (1 of 1956).
(c) any corporation established by or under any law.
(d) any society registered under the Societies Registration Act, 1860 (21 of 1860) or under any law corresponding to that Act in force in any part of India.
(e) any co-operative society established by or under any law.
(f) any dealer of excisable goods, who is registered under the Central Excise Act, 1944 (1 of 1944) or the rules made thereunder.
(g) any body corporate established, or a partnership firm registered, by or under any law.

My question is We are one among the above but if the GTA does not give any Consigment Note or any document and he is a individual driver /owner.

ARE we liable to pay service tax on same ?

I WANT TO KNOW WHAT IS THE DOC. REQUIRED FOR REGISTRATION IN DELHI VAT AS WELL AS CENTRAL SALES TAX? HOW MANY DAYS TO BE REQUIRED FOR GETTING CERTIFICATE? WHAT IS THE PROCESS FOR REGISTRATION?

PLZ SOVE DEARS

even private company have to prepare cash flow statement ?

Plz. anybody answer the following:-

1)If the House Rent is being paid out of one's own pocket and he is not getting any HRA from the employer can it be shown as deduction from his salary income ?
2)For this purpose is the Rent Agreement with the Land Lord is required?