Has any one got ny information regarding gambling business in India. is gambling legal? can casinos be open by any company in india. If yes then where? what is the regulation prohibting gambling. as the Public Gambling Act looks real old.

Can someone guide about level of companies.
I heard that there are III level of co.
Please tell me under which level, which type of co. fall.

Its urgent


Thanks,
Abhishek

Dear Sir

We the company is providing CAD/CAM Activity in relation to engineering services for the automobile sector
with the help of License Software taken
on lease from the Vendor or purchase from
the Vendor.

Now what our client does, they use output
provided by us in the modification of
automobile.

Now my question is that
1. whether the activity being done by us covered under the Scientific & Technical Service head in the Service Tax act,1994 ?
2. Whether the activity being done by us
is can be classified as IT-Software ?
3. Whether the design & Drawing supplied
by us to the customer for utilised in the
manufacture & modification of Automobile can be classified as goods ?

Shatrughan

Dear sir,

Whether TDS has to be deducted in the payment of Commission to a Foreign Agent. If yes what is the rate to deduct? Can you please reply imedtly.

Dear Sir

An assessee make payment of Rs 19548 without deducting TDS for the services rendered by a restaurent. Restaurent issued a VAT invoice for fooding expenses to the assessee and saying he is not liablle to deduct the TDS.

The question is What the assessee should deduct the TDS on the payment made to the restaurent? If yes under which section this liability comes for deducting TDS.

Thanks

I took an education loan for my higher studies on my name and my wife was gaurantor for that. I started the repayment of the loan but within 2-3 months, I moved abroad on work permit.
My wife is working in India and paying the EMI of my education loan. Can she claim the income tax exemption under section 80E for the interest payment??

Or is that not possible because the loan is on my name??

If an employee leave a company after due resignation & he have balance leave in his account & eligible for leave encashment, whether the company can pay him the Leave encashment availing the exemption under section 10AA?
From reading of section 10 AA it seems that exemption available only at the time of Retirement. Please guide.

Sir,

This is Aranya Dey . I am a Faculty in The Institute of Computer Accountants(ICA) teaching Accounts & Finance & Taxation. I want to know about GLN(Global Location No.) of MNCs i.e.It comprises of how many digits and their significance and full forms of the 7 Institutions those issue Digital Signature.

Thanks

Aranya Dey

Hi Experts

Whether travelling exp. is needs to be segragated in following heads covered by FBT or we can treat all the exp. as travelling and accordingly pay the FBT on that?

Food Exp. --> as Hospitality exp.
Hotel Stay --> as Hotel & lodging exp.

Thanks

what is the income tax rule 46A explain it and formet of any kind.