Dear,
My cousin sister is about 28 yrs old. She is about to get married & she wants to transfer money possessed in her bank account to her mother as gift. can she be able to do that? if yes then How without tax implication on her mother for gift? when i discussed same with one of the financial adviser, he was of the opinion that on receipt of gift her mother may be taxed is scrutinized & found unsatisfactory by IT officer. I am deeply confused pls provide me some solution.

Compensation Paid to employee(Become Peronsal Disability) Whether to deduct Tds on Compensation paid to Employee

sir,

iam newly entered in vat transaction

1. vat returns how many times we submitted to dept what are the forms.

2. cst forms related returns how many times we submit in a year?

3. c form we are purchaser how to account

4. c form related we are seller we received c form from purchaser how to account that?

Dear Experts,

I am working in a pvt ltd company in accounts dept. i know tds but don't know how to file tds return
if it is possible please let me know the procedures of qtrly tds return (step by step) and best software name, by which i can submit regular tds returns so that i can secure my job to my current employer.

please help

Hi,
I have filled my final exam form online but by mistake the medium of answer has been selected as hindi , could you pls guide me how to rectify the same ?

Moreover, i wanted to ask what if i've not received my service completion letter which is to be attached as an encl with the form

Pls reply

Thanks

Hi,

Scenario 1:
I have one query about warranty pack & its TDS deduction by our customer. When we buy a Cisco Enterprise Switch we buy two things one is product with 5% VAT and 1 Year or 3 Year Warranty Pack separately which will attract 10.3% Service Tax from the National Distributor in India.
Now customer deducts 2% VAT TDS on entire Product sale Value (Product + Warranty Pack) along with 1% IT TDS. So I want to know is it right or there is mistake happening from our customer. As per our knowledge both this sales are Product Sales only.
Scenario 2:
Sometime if we sale the HP LaserJet printer it comes with 1 Year Warranty customer says give me additional support pack for more two years, so product has on-site support for 3 years. So our invoice will have 1 year product and additional support pack for more 2 years. So how this matter need to be handled by the customer in terms of TDS is concern.
Please guide us on this matter, and let us know if any notification or any gazette is their then what is the No. of that.

Thank you in advance

Keshav Shikerkar,
Network Experts, Goa
09822121443, 0832-2731899

PLEASE EXPLAIN THAT IF WE AVOID THE FOREX GAIN INCOME FROM P&L , IS IT WILL AS CONCEALED INCOME OR NOT. PLEASE CLEAR MORE.

We have to issue a fabrication contract in which we will supply steel & he will use his machinery & consumables. Please guide us about the taxation such as service tax, vat/wct.Please note contractor is from outside Maharashtra.

if a manufaturer wants to take credit of service tax paid in the year 2011-12 on bank charges paid in years 2008-09-10, can he do so.

hi expert

I want to know the scope of Sec. 45(4)in case of firm.

(1) what is the meaning of the term used in the above section- "distribution of capital assets on the dissolution or otherwise".

does it mean distribution to
(i)partner only or
(ii) anyone ( e.g. creditor for settlement of their debt.)

by the way, as per ICAI modules, it includes the case of business acquired by the company on dissolutin of firm, except the cases where condtions of sc.47(xiii) is satisfied.

(2) what does "on dissoltion or otherwise" mean?
does it mean that - sec. 45(4) attract even in case of transfering asset by a firm , while it is in operation (i.e. not in the process of dissolution)