TDS returns is to be filled after what period is it monthly, quartely or annually
or does it depend on the liability?

kindly clarify.

Whether the Jobwork charges Received is Sales or Direct Income in the Trading Account?
plz send the answer

heamnth

Hi,

mr A is director of XYZ pvt. ltd.co. and the company has liability to pay (1) income tax or (2)excise liabilty then whether the mr.A can be made liable to pay the liability through its personal assets..
please suggest the answer with support of case...
what if the XYZ is public ltd. co.. whether the answer be the same..
please reply as soon a possible, its too urgent

regards,

TARIN

Sir,Madam
What is GDR? Why it is created?

Renting of immovable property is taxable service under secvice tax Act. But when a person transfer a property to another person and legal formalities is still pending. In that situation the rent received from the tanent is taxable in the hand of the seller of buyer. Another question is that the tanent is not paid rent to the buyer because he is not the registered owner of that property. He pays the rent to the seller and seller further transfer the above rent to the buyer. In that situation what is the treatment of service tax act.

Respected Sir,

I ask you that in my class 10th result my surname has some mistake for this i made a notary certificate of name transfer & i fill the cpt form so my correct name is accepted by the institute or not or institute follow the result of class 10th your earliest reply regard this will be highly appreciated.



Best Regards




Sumit Soni

our company has given a interior decoration contract. bill raised by the interior decorator includes VAT. whether TDS has to be deducted on the full invoice value or excluding VAT component?

My company reimburses petrol & toll expenses and repairs of car owned by me for commuting between office and my residence.

One senir cunsultant is of the contention that the said expenses will be taxed in my hand under perqisites in liew of salary, as only Rs. 800/P.M is allowed for commuting between office and residence.

Or auditor says it will not be taxed in my hand but FBT will have to be paid by the company on such reimbursement.

I am of the opinion that:-

Rs.800/-P.M is the maximum amount of allowance permitted to be duducted from the gross salary while computing the TDS liability.

However where the employer reimburses expenses to the employee for commuting between office and residence , it may not be directly or automatically considered as taxable income in the hands of the employee without giving due respect to the following:-

1.If car expenses are reimbursed,the employer must ensure that the employee maintain a log book which provides proper record of fuel filling and running of the car between office and residence and genuine RD bills of fuel filled with the registration number of the car on the bill etc.

2. If other mode of transport reimbursement provided (for eg.First class railway ticket etc) the proof of ticket pass etc.
3. Where the employee commute in taxi or rikshaw, the factors to take into account are the position of the employee,educational qualification and last but least the justification of such mode of transport being used by the employee due to the reasons that it is the most convenient mode of transport for the said employee to reach office.

pleae anybody give a clarification on this issue

Profit on sale of a rural agricultural Land, whether an agricultural income or not?

If not then what will be its treatment as this is not covered in definition of Capital Assets?

One of my client having branch office in Delhi had an income in sept 2007 on which service tax was collected by him. But due to some technical problems his partner in Bangalore deposited service tax in bangalore on behalf of Delhi branch. cheques were also collected for income by the Bangalore based partner and transfered amount to Dlehi based partenr. No ST Return by Delhi branch was submitted.Now the Delhi partner wants to submit the return now.Tell me the procedure.