we are a manufacturing concern and carriage in bills are not raised by any transport agency,but we have hired some individuals who takes the responsibility for despartching the goods to our place who in turn get commission for the service rendered plus the carriage charges.

my question is no consinement note on us is raised so weather we are liablr to pay service tax on GTA in this case


plz reply soon

Dear Sir,

I am cutting and pasting the query of a caclub member and your reply to that.After reading your reply the member asked some other question. Unknowingly he seemed to have closed the query. I have also inculded his next query.

Since I have the same doubt I request you to please answer it.





Experts Home > Corporate Law > private company
author : Kumar
Posted On : 7/16/2008 11:24:05 AM
Dear Members,
Please advice/confirm.How far it is permissible under companies act,if the company bestowed the tile of director to its employees such as director(finance),director(human resource) etc.Please also clarify the exact position under Comapnies Act whether such practise is permissible.

Regards,
Kumar



Expert : S.Srinivasaraghavan
Posted On : 7/16/2008 11:31:02 AM
The companies Act does not contain specifically any provision to ban such designations.



author : Kumar
Posted On : 7/16/2008 11:41:56 AM
Dear Mr.Srinivasraghavan,

Thanks for your reply.But there is one such departmental clarification by Departemnt of Company Affairs letter no. 2/82 dated 20.1.83 which forbids such practise by corporates.Please confirm whether such departemntal clarification is relevant in present time.

Regards,

Hi everybody,

anyone can guide me that employer can issue 16A form if TDS not deducted by employer from his salary or his salary below Rs.1.10 lacs for FY 07-08.

what is meant by the debtors and creditors reconsilation?

I left the services of a company after serving for 1.5 yrs. Then i was jobless for 6 months. Then after joining a new job, i applied for transfer of my EPF balance from my previous employer's EPF Trust to my PF account in new company. Please tell, whether the amount of EPF transferred will be taxable in my hands or exempted.

We are about to finalise 31.03.2008 balance sheets of all the companies. In this situation, if the court orders for amalgamation w.e.f., 31.03.2005, then what shall be the base balance sheet of transferor company to include in tranferee company. If 31.03.2005 is the base balance sheet, what will be the effect of transactions occurred during the period 01.04.2005 to 31.03.2008

Sir,

One of the members here have raised the following query:

Situation:
If a member changes employment during the financial year, the first employer issue Form 9,(instead of Form 16) and have the income consolidated with the current employer. In effect, he would be given one form 16 disclosing the total Annual Income, instead of two Form 16s

Doubt:

1. Can this be done
2. How will this be reflected in the quarterly return.
3. Does this require any additional declaration other than in Form 12B from the employee.

Thanks & Regards,
Ravikumar A.H

The assessee has a unit in mumbai SEZ-ABC Pvt.Ltd.-which has completed five years of tax holidays.The shares of assessee company are held by two shareholders who are also the directors of the company.This is referred here as Unit-I

The assessee company now setting up anonther unit in the same mumbai SEZ- with fresh investment,fresh machinery,fresh capital,fresh labour and managerial employees- and will follow all the conditions mentioned under SEZ Act and under Income tax Act. This is referred here as Unit-II


The books of accounts for the both units i.e. I & II will be maintained sepertely to arrive true and correct profit unit wise.

Can assessee company claim Exemption under section 10AA for Unit No. II while computing the total income of the assessee company.

Please also give other important information on the subject.

Regards,

WHEN WE WILL COME TO KNOW THAT TDS ON CONTRACTORS WILL BE APPLICABLE?

please answer the following query:

A COMPANY HAS HEAD OFFICE IN HARYANA AND ONE BRANCH AT DELHI. IT PURCHASES SOME CONSUMABLES FROM DELHI AND RECEIEVES IT AT ITS BRANCH OFFICE AT DELHI.BUT IT MAINTAINS ACCOUNTS ONLY AT HARYANA HEAD OFFICE IN RESPECT OF DELHI BRANCH ALSO.

NOW IF IT RECORDS THE DELHI PURCHASE IN ITS BOOKS WHETHER IT CAN CLAIM VAT INPUT ON DELHI PURCHASE TO SET OFF VAT OUTPUT IN RESPECT OF DELHI SALES.

I HAVE A DOUBT BECAUSE IF IT IS ENTERED AT HARYANA, IT WILL BE A INTER-STATE PURCHASE NEEDING "C" FORM IRRESPECTIVE OF DELIVERY OF GOODS AT DELHI BRANCH.

PLEASE ANSWER THE QUERY IN ELABORATE MANNER. I