At present we are deducting TDS on the total Bill of our C&F Agent - though some part of the Bill is for re-imbursement and further part is for commission.
Could we exclude TDS from the re-imbursement portion?

pl adv the income tax slab.

how much tax do abc has to pay if profit is btwn 20-25 lac. also note -
1) shpr has already deducted tds of rs. 1.50/2.0 lac while making payment to xyz
2) advance tax paid is 75000/-
3) expenses wl be around 4-10 lac.

so do they hv to pay any more tax?

pl adv.

xyz is forwarding co. xyz's shpr is again a forwarder or sometimes direct shpr. when he raises invoice on this shpr or forwarder, that invoice includes ocean freight, thc applicable and documentation charges charged by the s/line. while making payment shpr or forwarder deducts 2.27% tds from the gross amount and gives the payment. 1) is it correct? 2) is this xyz comes under service tax bracket? its business is only adding profit margin in the ocn frt charged by the shipping line and quoting the same to the shpr or forwarder. pl guide.

My friend is working in a CA Firm for past one and half year. He wants transfer from the firm. Because for taking leave for CA exam for MAY 08 the firm is asking him to sign the undertaking that he will continue to do articleship for full 3 years even after his exams. But he wants to do industrial training after exams. Hence he wants transfer from the firm. But the firm is not giving him transfer. The firm says if you required transfer for industrial training you will have to give 3 months notice and the firm will not give u leave of three and half months for your exams. Leave will be given only for 2 months less leave taken during the period as per regulation. Also firm is saying that if you ask for transfer firm will terminate his articleship. What is the remedy for this. What is leave and termination and transfer clause. What action can he take after keeping in mind that his exams are in MAY 08

Sch13 clearly demarcates that any asset less than Rs.5000 shall be written off from the books.If a MNC corporate doing business in india in the name of a subsidiary has got a corporate policy of writing off its assets that has got value less than $400, then can the indian co. expense off assets costing less than Rs.16000/-...will it be in violation to Sch13 requirement prescribed by CA,1956...

Hi..
Is gift in Kind is exempt from a non-relative.
If Yes then, what if i gift gold worth Rs 5,00,000 to my frnd. Will that be exempt?

If No then at what value tax will be levied.

wat is the minimum and maximum amount of wages on which PF and ESI shud be deducted...according to latest amendment?

Dear Expert,
Whether all the definations of (Sevice tax) taxable services given in the Module of PCC has to be studied from the exam point of view. Moreover when the alloted marks are only between 15 to 20, Is it justifible to study 100 definations along with the list of exceptions, exclusions, conditons etc.

I would also like to mention that the latest edition of V.K.Sighania has not given any definations but have only mentioned the names of the taxable services.

Iwould also sugest to get the clarifiaction from the board of studies (BOS) (Noida) in the matter as V.K.Sighania is in the list of text books recomended by BOS-ICAI

Plz comment.

If a figure of Excise duty paid thru PLA in a particular financial year then should it be tallied with the amount shown in P&L of the same financial year and any balance if there is in PLA should be shown in Balance Sheet's Assets side. The assessee is not able to avail and utilise any CENVAT credit.