>A husband has credited an amount into his wife's bank account. Now on that husand's amount, wife earns interest income. >Wife has not any other income other than the interest on such amount given by her husband.

If the wife files separate return this year for the first time, and shows her such interest income in her return ,(so that she can also avail exemption limit and her husband's income also can be within exemption limit), then is it in accordance with rules and act /law ?

Will not this interest income be clubbed into husand's income ?

Dear Sir / ma'am

I want to ask a query in relation to vat input credit on capital goods.
please tell me the proportion on which credit is allowed and if not allowed in proportion then on what basis it is allowed ?

Regards,

Sanjeev Mittal

Dear experts,
We ordered to make our company's sign boards. Vendor gave a bill with VAT. We have not provided any material. Can u plz calrify whether?

- TDS under 194 C applicable?
- TDS under advertising applicable?

what is the defference of FORM NO. 16 (rule 31(1)(a))and FORM NO. 16 (rule 31(1)(b))
under income tax act.

can we issue a form 16 under rule 31(1)(b) of income tax act.

pls reply urgent. because i had issued the form no. 16 under rule 31(1)(b).

Dear Sir/ Madam,

I am providing briefly about the fact of the case:

Our client (Partnership firm) receive the invoice from the GTA (Goods Transport Agency). GTE Invoice shows the following information:
Freight paid Rs 15,000/-
Other charges Rs 5,000/-

Gross Total Rs 20,000/-
Service tax Rs 618
(Assume abatement taken)
Total of the bill 20,618
My client paid the full amount of Rs.20,618/-. The service tax liability will by our client as per the RCM. But my client paid the full amount along with the Service tax liability. I have the following question in my mind:
1)As per the RCM any transaction between specified person the liabiality shall be borne by the Service Receiver not by the provider. My client paid the service tax amount to Service provider. I do not what I have to do!
2)The limit of Rs Ten lakh is not applicable for the RCM as per the Notification number 33/2012- Service tax. Our client required to Service tax registration or not because our client is paying the Service tax amount to GTA.
Please help me because I have to take Decision.

What is the difference between business promotion expense & entertainment expense for the purpose of ITR 4?

Dear Friends,

I ve read some discussions on the above topic which concluded that section 185 overrides section 186 of the Act,2013, since Section 185 is a saving provision when Section 186 starts with a phrase " without prejudice to ................ ".

As far as my knowledge goes, this phrase applies only to sub section (1) of Section 186 which speaks about investment through investment companies.

Can we say that Section 186 prevails over Section 185?

One of my client companies is a partner in a firm and one of its directors is also a partner. Before the Act,2013, this Company has been providing security to a Bank which has granted loan to the firm.

Can you throw some light on this?

Hi, Can any one please let me know the latest date by which auditor can be appointed for the company formed on 29th March, 2014.

According to Section 196 of Companies Act, 2013 Managing Director of all companies can be appointed only for a term of five years. Earlier this [provision was not applicable to private companies. in that case the period of managing director for five years will counted from 1 April 2014 ( Applicability of THIS SECTION) or before that ?

In case of our company MD was appointed in year 1984 and his term was not fixed as it was as per discretion of BOD. Now as section 196 of CA 2013 has now become applicable for private companies we can appoint MD only for five years. Shall we have to pass a Board resolution stating his term for five years starting from 1 April 2014 or will it be counted earlier from 1st April 2013. Please guide.

Dear Friends
Plz solve my some Problems

1. Building Repair/maintance/advertisment/generator on rent/ all these are consider services

2. If all these are consider services then upto 10,00,000 Rs. they are not liable to registration under service tax..

3. but if they provided services of Rs. 1150000/- they will entitled some abatement in some cases due to supply of material

eg. 1150000-37% (abatement) =724500

for the calculation of Rs. 10,00,000 what amount will be consider 724500 or 1100000