please suggest me ,
>Â
>a coaching and tranning institute which are charging sales tax or vat on study materialwhich are sold by institute, whether it is also liable for service tax on study material...........?Â
further if he is not charging VAT then wether it is liable for service tax.?
>Â
>with regards
>Â
>R K Khandelwal

Dear Members

One of my client is providing services to the private banker. Client providing the services of either collecting fund or catching vehicles on behalf of bank. In such case client gets commissio.

My query is that whether tax audit is applicable in case assessee's gross receipt is more than 10 lacs.

Can the indian investor get away from the private company where the rest of the members are FDI.

How can he check the shareholding pattern.

Please anyone throw some light on the above issues.

RESPECTED MEMBERS,

THE EXPENDITURE INCURRED FOR TRAVELLING OUTSIDE INDIA WITH ANOTHER EXPENDITURE INCURRED LIKE HOTEL, BOARDING AND LODGING, FOOD EXPENSES SHOULD BE BIFURCATED ON "SEPARATE HEADINGS" OR JUST BOOK EXPENSES IN "FOREIGN TRAVELLING" FOR CALCULATION OF FBT.

PLEASE REPLY AS SOON POSSIBLE.

REGARDS,

PRABHAKAR

On 28/03/2008 company received a cheque as compensation which is income in the Balance Sheet of 2007-08 but this cheque send back by bank as unpaid on 03/04/2008. Now company can reduce the income of last year Balance Sheet or book expenses in current year?

What is the procedure under the income tax act for acquiring a certificate which allows assessee to get his tds deducted at a lower rate than prescribed.

Dear ALL,
ThePGCIL Project was "Deemed Export Contract".So excise duty was not leviable subject to PGCIL(client) will arrange for Excise duty exemption certificate to avail "deemed export benefit".In this case manufacturer /Supplier is M/s Dura line and factory is based at Goa.The following procedural information is need urgently:
1. What is the procedure to get Excise or Custom Duty exemption and at what Stage.
2. Whether we should have these certificate in hand while selling goods.
3.Whether supplier get refund from these certifiacte or exemption.
4.What is status in deemed export case if original certificate is not available.
5. Is it possible to manufacture & supply goods on basis of photo copy of these Exemp-tion certificate and replaced on later date by origional certificate after disptach of matrial from factory.

Awaiting early response

IF ADVANCE TAX NOT PAID THEN WHAT CAUSED ARE ARISED FROM INCOME TAX AND IF THE ADVANCE TAX PAID ONLY SMALL AMOUNT BUT THE INCOME IS VERY HIGHLY IF HE PAYS TOTAL TAX AS A SELF ASSESEMENT TAX OR NOT

Whether FBT return is required to file for fund Registered under section 10(23AA) of the Income Tax Act, 1961.

What is the URD amount?