Question2:The price of the pound sterling was quoted at $1.80 in New York and on the same date the DM spot rate was quoted at $0.40.
(i)What would you expect the price of the pound to be in Germany?
(ii)If the pound was quoted in Frankfurt at DM 4.40/pound, what would you do to profit from the situation?

Dear all,

1.What is the maximum amount of sitting fee that can be paid by a private limited company to the directors?
2.For how many directors sitting fee can be paid?
3.What if it is paid to the Executive Director?
4.What is the TDS amount on this?

Sir

Suppose a bank has to make a payment of Rs.9000 to a CA firm Including Service Tax As an audit fees.I want to ask why Bank will deduct TDS on whole amount including service tax because service tax will have to be deposited by firm in full @ of 12.36%.This means TDS on service tax have to be born by the firm.

I want to know what is the interest and penalty for delayed/non payment of service tax in time and also for delayed/non furnishing of return in time as per the latest notifications.

Dear All,

I want to answer of following query:-

Our Co. (PSU) has taken one house on lease from an employee (Lessor) and reversely given to the same employee for living to him & his family. It means employee enjoying perquisite from employer and as well as receiving amount from Co. as lease amount. I want to know, is it "house property income" OR "perquisite under the head salary" in the hand of employee.
If this is perquisite then is co. liable to deduct the tax.
Plz. mention Section or rule on which you will give answer

Thanks

As per the recent amendment, w.e.f. 01.04.2008 the notice U/s 143(2) shall be served on the assessee after the expiry of six months from the end of the financial year.
My question is

1. In the F.Y.2008-09 the scrutiny cases of F.Y.2006-07 are to be selected. whether the above amendment is applicable for selection of cases of F.Y.2006-07 or not?



Bharat Aggarwal

As per the recent amendment, w.e.f. 01.04.2008 the notice U/s 143(2) shall be served on the assessee after the expiry of six months from the end of the financial year.
My question is

1. In the F.Y.2008-09 the scrutiny cases of F.Y.2006-07 are to be selected. whether the above amendment is applicable for selection of cases of F.Y.2006-07 or not?

Please let me know the procedure for filing the ROC returns and what documents, things we will be requiring for the same?

Thanks

Hai friends



I have come across a problem. A sole proprietorship is converted into a company. after that all income and expenses are booked in the name of the company. But the company forgot to intimate it to their clients and they continued making payments in proprietor's name. Actually the income is booked in the name of the company. But the problem came when the client issued TDS certificates in the name of proprietor. They are not willing to change it.

Since the proprietor has no income since all income is booked can he claim refund for the tax deducted in his name.

I am a Bcom graduate from Mumbai,Also Worked as Tally Support Engineer,Now as a EDP cum Inventory controller in Readymade Garment Company.
plz Suggest for future career....