Our client has been paying Rs 10,000 pm to M/s Vimta labs towards testing of its raw materials.At what rate should TDS be deducted??

Weather it is allowed to make single payment in cash less then 20000/- but at different times in a same day aggaragating to more then Rs. 20000/- in a day to a single creditor against purchase of goods u/s. 40a(3) in relation to A.Y. 2006-07 & earlier years?
pls. provide case law for reference.

We are in Tour operator services accordingly provide the CAB, Hotel, Ticketing to customers. Question is whether for CAB, Ticketing services we need separate registration and accordingly billing would be done separately for each services or not,
As the rates of Services tax are different for each category of services.

Regards

Yogesh

Dear Experts,

Please help me to get through this case:-

Mr X is of Indian Origin and working in Merchant Navy. He stayed in India for less than 182 days(was out of India for 249 days) in the previous year 2006-07. Basically he is a NR and not O.R.

He earned above Rs 1000000 in FY 2006-07.

The employer of Mr X was a Italian and Mr X received the salary amount through his Indian Bank Account directly in INR and no TDS was deducted by him.

In otherwords, salary is received in India but earned in Foreign

My question whether he is reqiured to file the ROI for the year 2006-07 and 2007-08 (Income in this year is below Rs 110000) as in my view the income is earned outside India and he is a Non Resident,

I need to inspect list of shareholders of a private ltd. co. But on the site there is availbale only the e-forms. The attachment to Form 20B is not open for view.
Plz guide me how I can view the same
Thanx

Please revert the following:
1) When additional ED @4% is chargeable & under which section?

2) IF VAT alongwith Excise Duty (14.46%) is charged then additional ED @4% is chargeable or not.

3) If CST alongwith Excise Duty (14.46%) is charged then additional ED @4% is chargeable or not.

I HAVE TWO QUERIES
1. ARE WE ELIGIBLE TO TAKE CREDIT OF INPUT SERVICE TAX RECEIVED EVENTHOUGH SUCH SERVICE IS NO WAY RELATED TO OUR OUT PUT SERVICE?
2. SINCE WE TAKE INPUT SERVICE TAX CREDIT WHAT IS THE RATE OF SERVICE TAX WE NEED TO DEPOSIT IN RESPECT OF FREIGHT PAYMENT TO TRANSPORT AGENCIES? IS IT 12 % OR 3%?

TThe company was incorporated on Dated 14th July 2004 . The company started Restaurant operations in the May 2005 . The company got registered trade mark as for various categories of business .

The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .
Carried forward Losses as per Income Tax

Financial Year Amount of
2004-05 2005-06 91,34,695/-
2005-06 2006-07 2,69,66,192/-
2006-07 2007-08 6,99,24,454/-
2007-08 2008-09 6,62,82,482/-

Kindly advise if there is any option available with the company to avail tax benefit .

As per the provisions of Section 99.1 amalgamation we are not able to meet the requirement of Clause C ( Keeping 3/4 assets continously ).

Can any other method we can opt for amalgamation .

TThe company was incorporated on Dated 14th July 2004 . The company started Restaurant operations in the May 2005 . The company got registered trade mark as for various categories of business .

The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .
Carried forward Losses as per Income Tax

Financial Year Amount of
2004-05 2005-06 91,34,695/-
2005-06 2006-07 2,69,66,192/-
2006-07 2007-08 6,99,24,454/-
2007-08 2008-09 6,62,82,482/-

Kindly advise if there is any option available with the company to avail tax benefit .

As per the provisions of Section 99.1 amalgamation we are not able to meet the requirement of Clause C ( Keeping 3/4 assets continously ).

Can any other method we can opt for amalgamation .

Please let me know
:

1)a)what entries are passed when provision is made for debtors
b)how they are reflected in final statement.

2)a)what entries are passed when debt written off after making provision

b)how they are reflected in final statments of accounts.


Please answer all questions separately.


Thanks