Which assessees are liable for VAT Audit?

Hi Experts

We are hiring freight services. Exp. for Loading and unloading is also incurred at the same time.

Now suppose the freight service provider is arrange to load and unload thru some labours and we pay to the Freight company for both the activity.

As he is just arranging for the L & U labours and not having any interest in making income from that, whether we are liable to make tds on the L&U exp.?

In another case we prepare the payment voucher in the name of Freight service providing company in respect of L & U Exp. rather preparing in the name of labourers. Whether this will make any difference?

Thanks
ROhit

Sir,

I am working in a company having a rented office from Nov-2008 we are paying rent 10000/- + Maintance 800 /- in Cash.

I want to know 1. IT Rate

2. On which amount i have to Deduct IT i.e. On 10000/-or also on maintance.

3. IT should be deduct monthly?

Thanks

Bhaskar

Once registered under PF Act, will the PF & Gratuity act apply to all the employees or can choice be exercised on to whom the said contribution can be made.

eg. an organisation may have office assistants to whom a fixed salary is paid. can contribution to such employees be avoided. Or rather should they be treated as consultants & not as employees to avoid contribution.

My CA final attempt is in May, 2009 and right now I will register for ICWA Final soon (Postal) as I clear ICWA Inter by Jun, 2008.

Also soon I'm going to join coaching class for CA Final preparation, so I hope that coaching will also help me in ICWA Final preparation.

Can u tell me which authors standard books is worth buying that will help me in preparation for both the courses. I already got Padhukas books. I think authors like Bala and Ravi Kishore and M P Vijaykumar is worth having.

I'm planning to give both CA final groups in May, 2009 and any one stage (don`t know which) of ICWA final in Jun, 2009.

I short I want to do good systematic combine studies for both the courses...so that I may not face any problems in later period and also clear both the courses within next year, for which seniors and experts views and guidance is reqd..so plz help me as time is very crucial.

I will trust and follow whatever u will suggest or advice me. Thanks..

During the course of assessment the Assessing Officer has raised a query and asked the assessee to justify that :Why the depreciation on computer peripherals be not restricted to 25% instead of 60%?

Is there any case law in support of the the Assessee's contentions that depreciation on computer peripherals is admissible @ 60% and not 25%.?

How the same may be explained to convince the AO?

i am a student of C.A pcc and my attemt is on may 2009. how many hours should i study daily now .

Sir,
The details are as follows
1.95% of share capital of an Indian private limited company(100% EOU under STPI ), set up in 2001, is owned by a foreign company
( Italian).
2.Now the foreign company wants to transfer the shares to another foreign company.

Kindly clarify what are the procedures to be taken under various laws;viz,FERA, Companies Act, Income tax act etc.

Please calrify whether
1. An OCB can transfer the shares to another OCB,if so permission is required ?
2. Income tax will be attracted on the Indian Company ( as an agent )?

Upto what time, (1) shares money should be received by subscribors of MOA ?
(2)time limit of shares allotment
(3) time limit of issue of share certificate
(4)any time limit of first board meeting
(5)Can share money received by cash
(6) Form 23b should be fiiled in case of first auditor

Please give some case law or circular which states that these tax are mutually exclusive and both could not be levied on the same items. There are some probles in the IT services as there has been amended in the Service Tax Act this year