if a resident person is director in a company of singapore than will profit of the company will also be liable to tax in hands of director or only salary and interest received by director from that company will be liable to tax in india????

Dear All,
Please advise which FORMAT (i.e. new or old) of FORM 16A to be used for issue of TDS Certificate if TDS was not deducted in FY 2009-10 which is now deducted and deposted (on 20.09.2011) after receiving notice from Income Tax Department.
Thanks and regards,
Ramesh

shall we take vat input credit on capital goods as per APvat act if yes how much shall i take input credit.plz reply me in detail

My father, a senior citizen, is providing technical consultancy services to a company and getting a remuneration against consultancy bill to a tune of Rs. 10.08 lacs p.a.

The company is deducting 10% as TDS on consultancy services.

I would like to get clarified as under :-
1. Does my father need to be registered for Service Tax also since he is total claiming > Rs. 10 Lacs
2. What expenses can he book apart from provisions of 80C
3. The company has provided him a car and pays for its fuel, but, the drivers salary is being paid by my father, how can he claim rebate from income
4. what expenses can he claim to deduct his total income from consultancy services
5. He runs his consultancy business from home, can he claim expenses of electricity, etc.
6. He needs to use excessive studies with technical books and journals which he frequently purchases, can he claim such an allowance
7. How will he file his Income Tax

Kindly respond

If we have not remember last year income tax online return Login Id passward and Also dont have acknoledgement or Secret Question Answer.....for Indivisual and partnership firm online return Complsry then what is the procedure ? please its urgent Reply Some one

Regards,
Chitesh B Jain
8000282417
chiteshjain@gmail.com

My friend has passed the CA PE 2 exam both groups in may 2010 and joined the articleship in october 2010. when will be his first ca final exam attemp.

Company has appointed a Whole Time Director in 2009 for two years which attracts Central Government approval in case of inadequacy of profits but Company did not applied for the approval.

Now the term of appointment is going to finish. What would be the beneficial for the Company to start the process of obtaining approval or to apply to CG to waive off the approval?

Dear Colleagues,
Mr.M (Italian citizen staying in Italy) is a director in his group wholly owned subsidiary in India.
He sits in Italy, takes all major decision sitting over there ( He Comes to India only for 5-6 days in a year).
He want company to pay directorship salary/remuneration in India which shall deposit in a bank
Account he will open in India.
Querry:
1)Is there any bar in making payment of salary to him?
2)Since the salary is going to be paid in India(but does not work in India), shall it be liable to TDS?
3)IF YES AT WHAT RATE?
Regards
c.a.paresh Zatakia
9833855518

WHAT IS THE RIGHT DEFINITION OF INCOME TAX ACT SECTION 35AD . ANY SPECIFIED INCOME . WHICH TYPES OF INCOME COMES UNDER THIS SECTION PLEASE CLARIFY

HELLO,

MY CLINT IS IN BUSINESS OF CONSTUCTION OF BUILDING (BUILDER) & SELLING OF THEM AFTER CONSTRUCTION

IN LAST F.Y. HE HAS A WORK IN PROGRESS , SO HOW IT WILL BE TREATED IN I.T. AS CAPITAL WORK IN PROGRESS OR ONLY WORK IN PROGRESS ? AND PLEASE EXPLAIN DIFFERENCE BETWEEN THAT

THANK YOU