Hello,

I would like to know what is the rate of withholding tax while making a payment to a consultant based in UAE for services rendered in India?

Under what head would the tax be paid since the consultant does not have a PAN no or account in India?

Thank you.

Anwar

i need clarification from income tax act w.r.t writeoff of a asset which got destroyed in fire during the PY.can the asset WDV written off completely?

We buy boats . . Average life of the boats is 2 to 3 years. . We import that specially for sporting purpose . .
Boats are not usefull after 6 months for any championship tournaments. .
We can use that only for training purposes . .
That too cannot be used for practising for tournamets. .
We import every year . With concession of customs through yatching association of india . .
We are a registered society
Our bylaws silent about capitalization
Why cannot i take buying of boats as revenue expenditure
Depreciation rate prescribed by income tax department is not in logic
Please somebody solve this with reference
Whoever answers keep this as open query
Also mention if there is any caselaw regarding this

We buy boats . . Average life of the boats is 2 to 3 years. . We import that specially for sporting purpose . .
Boats are not usefull after 6 months for any championship tournaments. .
We can use that only for training purposes . .
That too cannot be used for practising for tournamets. .
We import every year . With concession of customs through yatching association of india . .
We are a registered society
Our bylaws silent about capitalization
Why cannot i take buying of boats as revenue expenditure
Depreciation rate prescribed by income tax department is not in logic
Please somebody solve this with reference
Whoever answers keep this as open query

Hi Experts,
My company manufactures auto parts, but recently scraped and sold Rotary table (made inhouse from iron sheet cuttings could be waste) to one of its creditors and that creditor uses it as its asset, whether TCS is applicable, Rotary table was never capitalized.But,let me explain, the creditor does job work of machining for us and he uses it as its asset for placing machinery over it and our unit is excisable, how can we treat,we have shown it in excise records as scrap (1) if we treat it as scrapping of old asset (2) selling of new asset developed out of scrap and fresh material(3)developed for own use but considered unusable and sold, Please give opinion with discussion.

Dear Sir

While registering the assessee's PAN , it is very difficult to give the fist name, middle name & surname correctly. Whether there is any solutions to overcome this problem ?. If yes, please inform me.

Thanking you

Satheesh

We buy boats . . Average life of the boats is 2 to 3 years. . We import that specially for sporting purpose . .
Boats are not usefull after 6 months for any championship tournaments. .
We can use that only for training purposes . .
That too cannot be used for practising for tournamets. .
We import every year . With concession of customs through yatching association of india . .
We are a registered society
Our bylaws silent about capitalization
Why cannot i take buying of boats as revenue expenditure
Depreciation rate prescribed by income tax department is not in logic
Please somebody solve this with reference
Whoever answers keep this as open query

We buy boats . . Average life of the boats is 2 to 3 years. . We import that specially for sporting purpose . .
Boats are not usefull after 6 months for any championship tournaments. .
We can use that only for training purposes . .
That too cannot be used for practising for tournamets. .
We import every year . With concession of customs through yatching association of india . .
We are a registered society
Our bylaws silent about capitalization
Why cannot i take buying of boats as revenue expenditure
Depreciation rate prescribed by income tax department is not in logic
Please somebody solve this with reference
Whoever answers keep this as open query

hi,
i had completed my pe2 in may08, now iwant 2 go through article ship/Apprenticeship but i don't know the main difference b/w them.so ,plz friends help me about d same. AND
how would be d same [articleship/Apprenticeship] to become a good experience&professional. i.e., what should we have 2 do right through this d same& wht r d different approaches 2 face & succeed dis.
so, plz help me d same ***no body is der 2 tel me about dis sothat im grateful 2 u.i need it very urgent bcoz i want 2 join as early as possible.

hi,
i had completed my pe2 in may08, now iwant 2 go through article ship/Apprenticeship but i don't know the main difference b/w them.so ,plz friends help me about d same. AND
how would be d same [[articleship/Apprenticeship] to become a good experience&professional. i.e., what should we have 2 do right through this d same& wht r d different approaches 2 face & succeed dis.
so, plz help me d same# bcoz no body is der 2 tel me about dis sothat im grateful 2 u.i need it very urgent bcoz i want 2 join as early as possible.