I want to clarify that we have paid excess amount in service tax in the financial year 2006-07. But we have passed the rectification entries in 31st March 2008 relating mistake happens in the financial year 2006-07. Hence, we could not able to comply the rule that to intimate the Supdt. relating to such adjustment within 15 days. We are the branch office. Our Head office is in Delhi. We have the centralized Registration.

Kindly suggest that we can adjust the excess amount in this situation.


Your early reply will be highly appreciated.

Regards
D. Joseph

A person is receiving commission being
1. Small Saving Agent (NSC, KVP etc.)
2. Post Office RD Agent
3. PPF Agent

He does this all in part time.

He is a full time a salaried employee.

Above mentioned incomes to be taxed in which head:
1. Profits & Gains of Business or Profession
or
2. Income from other sources.

Whether hiring of car(Tata Sumo)/bus will atribute Sec-194C or Sec-194I(Rent on Plant & Machinery)in case of
1.hiring on monthly basis?
2.hiring on daily basis?

X Ltd had paid professional fee to a Y Ltd (HR Outsourcing company) Rs 84 lacks in financial year 2006-07. TDS was not deducted U/s 194J when these payments were made.

Due to the above the expense of Rs 84 laks will be disallowed in the books of X Ltd U/s 40(a).

X Ltd is planning to pay TDS on Rs 84 lacks in the financial year 2008-09. Will the expense be allowed as deduction for the financial year 2008-09 ?

Assuming X Ltd pay TDS on Rs 84 lacks and issues TDS certificate to Y Ltd; Can Y Ltd claim credit for TDS paid on its behalf in financial year 2008-09 ? (Pls note Y Ltd has paid Income tax on its income in financial year 2006-07 ).

explain me the accounting treatment of goodwill in a partnership firm.

Hello Friends

Now a days IFRS is becoming a good topic.

I like to know whether any institute giving Certification Course in IFRS in India.

I/We would like to register an eduactional society to impart technical & professional education to the public as well as in MOU with govt / pvt sectors.

What are the procedures to register such a society. Please inform us more information & list the procedures

Regards

SK

Dear Friends,

Please clarify the following

1. After the completion of block assessment how do we treat the undisclosed income - for
a) partnership firm
b) Private ltd company
Also suggest how the accounting entries for that.

2. In the block assessment , can we set off the unexplained credits with unexplained debits during the block period?

Dear Friends,

Please clarify

1.Is it service tax on freight is it with drawn as per notification 29/2008 dt 26.06.08.

If it so, the recipient of the serivce need not pay service tax on carriage inward as well as outward ?

Please clairfy

Expenses incurred by a unit for Auditors/Consultants are liable for FBT or not? PLease reply in details.