CA S Sundararajan
22 February 2008 at 08:17

TDS ON INTEREST

Dear Sir,

One of my cleient(Individual) having more than one FD with Scheduled Bank and which are yielding interst for Rs 5500, Rs 6800 and RS 8900 .

In this situation, Banker tryed to deduct tax at source for Interest amount to Rs 8900.

He don't have any other source of income ,what are the remedied available to him . Is submission of Form No 15 H enough or not?


Nand Kishor Agrawal

Hey people i know it is quite weird but can anyone suggest that if i wish to open a shop (sole proprietorship) in Delhi (jewellery's shop).What will the formalities to be fulfilled and what registrations will have to be taken.Please suggest.Its quite urgent.

Thanking you in anticipation.


CA Tejas Andharia
21 February 2008 at 19:10

Export Benefits

Suppose one person is exporting goods of Rs. 30,00,000 p.a. Is he entitled to DEPB. If yes, how much ? To whom he should contact for Availing DEPB credit ? Can he avail any cash assistance as an export incetive from DGFT etc. ?


SAM KOSHY
21 February 2008 at 17:29

Insurance


Few insurance companies are not ready to provide some insurance products to companies due to insurance underwriting constraints. But some other insurance companies are providing the same product.

Is there is any common guidelines for this ?


Prasanth VN
21 February 2008 at 17:23

Query on audit TNVAT

Hi all,


i have one doubt please clarify the same.

One of my friend doing a business of construction of building. he buying the materials like sand, steel, cement etc., for tht that he is paying VAT also. he is not selling the same to other. he is using the same to construct the building.
whether input credit can claim in this areas.

prasanth


CA Umashankar Vaishnav

RESPECTED SIR/MADAM,
I AM A STUDENT OF C.A.FINAL IMY CURRENT QUALIFICATION IS:C.A.(INTER)PASS,B.COM 1st DIV, M.COM 1st DIV, AND HAVING COMPLETE KNOWLEDGE OF COMPUTER.
PRESENTLY I AM DOING MY ARTICLESHIP UNDER A REPUTETED C.A. FIRM IN WHICH I GETTED SALARY BEING RS.2,500 P.M. SIDE BY SIDE I PREPARE MY SELF FOR C.A FINAL EXAMS.
I HAVE ALSO COMES ONE OFFER FROM CADBURY INDIA L.T.D FOR THE POST OF ASS. AUDIT OFFICER SALARY BEING RS.200,000-3,00,000 P.A. SUGGEST ME YOUR'S BEST ADVICE
THANKING YOU!
UMASHANKAR VAISHNAV
C.A.FINAL


SAM KOSHY
21 February 2008 at 16:40

Joint Venture


Is it possible to make a joint venture & subsequent MOU between an Indian university and a private educational society with a few members to set up an Institute.

later several years both the parties are failed to meet the clauses of the MOU and the institute is closed.

Under this situation what the students will do?

The legal proceedings and case will go beyond several years again?

Can we put a case in Fast track court ?

Comment


Sam Koshy


Narpat S Gaur
21 February 2008 at 16:06

Deduction U/S 80C

An assesee who settle his housing loan and paid final settlement alongwith interest in previous year, then what he can claim full amount of settlement which is more than one lac for taking deduction u/s sec 80C


SAM KOSHY
21 February 2008 at 15:15

Financial Assistance from Govt.Fund

Financial Assistance in the form of cash
(non -returnable) + agency service from a government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( Not from Indian Govt. but from a middle east country ministry)


Pradip

Myself became a director of a private Ltd. Co. and it is trading concern. This co. is of my relatives and I am not involved in this company neither I invest anything nor I withdraw any amount. Later days can any liability put on me on behalf of company? Am I responsible to pay any liability of company?

Waiting for reply ...
Pradip Pandey






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