A sick company has not provided for interest expenses of March month in its books of account.All other expenses have been provided on accrual basis.Whether a auditor is required to qualify his report. if yes. in what manner

My brother-in-law is working in USA and he is remmitting cash in my account.He has already paid tax on his salary there to USA govt.He is also filing his ITR there.

Whether such cash transferred will be liable to tax again.If yes, than whether in my income or my brother in law income.And if NO, in which section.

Kindly resolve my query.

Have to make paymnt to my selling agent for providing services at Bangladesh. Do i have to deduct TDS and if yes then what would be the rate and date of depositing such TDS?

My Co. is a private ltd. company. We are management consultants and conduct online test for students. Now we have done agreement with other proprietor firm to purchase online test product (psychometric test) with support services for promote to our business. Now we want to pay rs. 75,000/- as per agreement. It will be attract any type of tax liability/TDS.

regards,
lalit

Whether there should be any levy of TDS on the services rendered by a foreign national in Foreign for a Indian company.

Applicabilty of Sec 195

WE HAD RETRENCHED A NUMBER OF EMPLOYEES DURING THE YEAR 1998. THE EMPLOYEES PREFERED TO GO TO LABOUR COURT INSTEAD OF ACCEPTING THE MONEY OFFERED(THIS OFFER WAS WELL IN LINE WITH THE LABOUR LAW).
HOWEVER,THEY FINALLY ARRIVED AT A SETTLEMENT WITH US IN THE YEAR 2007 AND WE HAD PAID THEM THE AMOUNT SO SETTLED IN THE LABOUR COURT AND CASES WERE CLOSED.

THE COMPENSATION AMOUNTS PAID EXCEEDED THE TAXABLE LIMIT .WE DID NOT DEDUCT TDS AS WE HAD CALCULATED THE COMPENSATION IN SUCH A MANNER AS IF THEY WERE CONTINUOUSLY EMPLOYED FROM THE DATE OF RETRENCHMENT TILL THE DATE OF SETTLEMENT.THE COMPENSATION PACKAGE ALSO INCLUDED GRATUITY. IF THE COMPENSATION MINUS THE GRATUITY IS DIVIDED BY THE NUMBER OF YEARS(IE.FROM DATE OF RETRENCHMENT TILL THE DATE SETTLEMENT) THEN FOR EACH YEAR SINCE 1998 THE EMPLOYEES WERE OUT OF THE TAX NET. WERE WE RIGHT IN NOT DEDUCTING THE TDS? PLEASE ADVISE.

A public ltd co. (closely held Co.) has issued 9 % non- cumulative redeemable preference shares during the year 2007-08 to existing equity share holders covered in register to be maintained u/s 301.

whether this issue of preference shares falls under the definition of "preferential allotment".
and what is the reporting requirement under CARO,2003, which is reproduced as unedr:

"whether the company has made any preferential allotment of shares to parties and companies covered in the register maintained under section 301 of the act.

Respected sirs,
I have finished my CA final but still undergoing articleship.
Pertaining to A.Y. 2007-08 one of our clients died but her return was filed erroneously by her husband signing in the ITR without giving details in the capacity of representative assessee.
Now for A.Y. 2008-09, again her return has been filed electronically but for the signature her husband states to repeat what had been done erroneously last year.
I referred to Section 140, 159, 161 and 162. But am confused regarding the verifiers information to be given in the ITR.
Please help...

Hi,

Whether service tax is chargeable on the sale of Recharge Coupons. Acutally the coupons are purchase at a discount and sold to the retailers.

Thanks

Hi Experts,
One of my friend is foreign national and is a doctor by profession. He is currently working with a reputed Hospital as a consultant. He is married to an Indian and has completed a stay of 6 yrs in India. He has alo got a 10 yrs old son.

He wants to know the following:

# Does he requires an okay from an Govt Authority / Medical Council of India to earn in India?
# Under which section of IT act is his income taxable?
# Can he start his own private practice as a doctor?

thanks,
dkojha