The terminology used in Section 40(a)(ia) is 'PAYABLE' any royalty,fees,commission ,brokerage payable or any amount payable to a contractor etc.

Does it mean that any amount which is PAID during the year as royalty,fees,commission ,brokerage or an amount paid to a contractor on which tax is not deducted or deducted but not paid is still allowable? Yes,it seems from the wording, if read carefully .

hi,

can any one tell me that, as an article student. can i receive any commission in my name. as i know commission falls under salary head.

can we take inter state transfer

I have been doing Exports from India for the past two years.

All of my shipments are on NON DRAWBACK that mean a Free Shipping Bill.

When I send a shipment I sent a set of following documents -:

SLA Shipper Letter of Instruction
SDF Shippers Declration Form.
Invoice
Packing List.

Now the payments which I receive is in my Indian Bank account is USD converted to Indian Rupee.

Bank issues an FIRC for the same.

Now I have a SALES TAX matter where I have to get money refunded on the EXPORT done outside India.

The sales tax dept requires BRC (Bank Realisation Certificate)

When I approach the bank, they ask me for the following -:

Invoice
Request Letter
Shipping Bill copy
SDF Form.

When I re-checked the files many I have all the EXPORT DOCUMENTS like Shipping Bill, Exchange Control Copy, Invoice, HAWAB and the AWB

But many doenst have the attested copy of SDF's ?

What do I do now to have many BRC ???

Please advice it would be of great help.

Respected Sir,

with in what time after the incorporation of company the shares to be alloted to the subscriber to MoA and AoA.

Suppose the income is shown in A.Y. 2007-08 but the TDS was not claimed in the INcome Tax return as the TDS certificate was not available at the time of filing of return. Now we have received the TDS certificate and we donot want to file the revise return.
How can i claim the amount?
Whether a letter is suffice writing to AO about the details and claiming it?

Can i claim it in A.Y. 2008-09 as SEc 199(3) is amended where it doesnot speak that the TDS will be allowed only in that year in which income is offered?

Hi,

I am appearing in This Nov exam. I just want to confirm... In Income Tax, i have prepared the same notes which i read for last may PE-II exam. Apart from this i downloaded recent Nov-08 RTP published by our institute and i hav incorporated those changes to my notes.

Pls make it clear as to which Finance act is applicable and circulars and notifications issued upto what date should be prepared?

Expecting a reply soon...

Thanks,
Vishal

sir, i am completed ca inter(pe II ) at may,2007 both groups. but i am joined articleship at feb,2008.i sent all forms including dd.but i am received only books & monthly journals. still this day not received any letters for final attempt or ackowledgement till now and audit office also not received any leeters regard my article registration confirmation letter. at present what i am do plz advise me

what is the reason that rupee is becoming weak against USD,particularly, given the present situation of the economy in US.

Good Afternoon,

Our Detail
Mfg. PROPRIETORSHIP FIRM - SHREE KRISHNA PACKAGING (SKP)

FACTORY PLACE - DADRA & NAGAR HAVELI (D.& N.H.)

HEAD OFFICE - OPERA HOUSE, MUMBAI

VAT REGISTRATION - YES at (D.& N.H.)

PRODUCT - CORRUGATED BOXES(CARTONS)

Now, we had started production of consumer product "Corrugated Luggage BAG".

To sale this product we opened a New BRANCH on same Company name at "MUMBAI/MAHALAXMI",

For that we are showing transfer of Product from "D & N H-Factory" to "Mumbai-Branch" as Sale for SKP(D.&.N.H)FACTORY and Purchase for SKP(MUMBAI)BRANCH.

Queries.
1. (Last Para) Is it right to show Sale & Purchase in same Company, where only address is different?

2. We want to Make VAT Registeration for SKP Mumbai-Branch, Is Two VAT registrations allowed for same company but for two Different locations?

3. If VAT Registration is allowed for Mumbai-Branch then What will be the process to File VAT Return?