A foreign company incorporated in UAE has no operations in India and has no income or assessment in India. It entered into an agreement with an Indian company to train its personnel in India by the Indian company, for a period of 3 months. For the services, it pays charges to the Indian company. Whether the foreign company is liable to deduct tax at source on such payment to the Indian company? (payment nature is one covered u/s 194C). If so, whether it has to obtain PAN / TAN and file TDS return? If not deducting TDS, what are the consequences? Whether, and if so to what extent, the Indian company as its agent would be liable for such default of the foreign company?

I have got majority today. Now i want to have a PAN card for that i need of ID proof but for ID proof in my ration card my surname is different then my L/C. And i haven't a licence also then how can i get the PAN card

dear sir ,

is this necessary to file return for all persons who's income is less than the slab rate limit as per gov. norms....????for individual mens if his taxable income is less than 1,10,000 rs for AY08-09...
it is necessary to file return or not...????

A manufacturing company has imported the scrap materials on which Counterveiling Duty (CVD) is charged @16% in the month of Feb. Company has received the goods in the month of Feb and taken Excise Credit on receipt of goods. Later on govt. has changed the rate of levy of duty from 16 % to 14 % and company has removed the goods as such clear from factory in the month of may with the same excise rate. So whether act of the company is correct ? please explain in detail with relevant provision in the Excise Act.

I want to submitt one PAN application.
Issue:THE CANDIDATE OF WHICH I WANT TO SUBMIT PAN APPLICATION, HE IS A SOUTH INDIAN BY CASTE. SO, THERE IS A ISSUE REGARDING HIS NAME.
HIS NAME IS
SURNAME:KUMAR
FIRST NAME:KRISHNAKUMAR
MIDDLENAME:ARUNACHARAN
AS PER THE PROOF OF VOTING ID HIS NAME IS
FIRST NAME:KRISHNAKUMAR
MIDDLE NAME:ARUNACHARAN
AND SURNAME IS NOT THERE ON THE ELECTION ID,
AND NO OTHER PROOF IS THERE FOR AS IDENITITY PROOF, SO CAN U SUGGEST ME A SOLUTION FOR IT.
PLEASE...

Dear sir,

would you pleae tell me that, The Investment made in

the LIC OF INDIA MARKET PLUS scheme (with out life cover). is this eligible for deduction u/s 80c

My company has short TDS deducted from my salary. Shall I pay shortfall now?
How i will pay the same- with interest/penelaty?
pls answer urgently as filling of date return is 31/07/08

What is relevent cost ? what is sunk cost ?

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?