Dear Sir,

Suppose x receives an order for software development by y and X places the order for the same work to Z.

In this case we (Z) bill to X and X bill to Y with service tax 10.30% plus their margin.

If payment will be processed on back to back basis then Please suggest us, what tds head will be applicable?

It should be under contract or professional/ Technical services.

Please suggest.....

i have my ca fibal exam in may2014.and we all know that GST and DTC are going to be implemented .so anyone plz tel me whether they wud be applicable for my exam
.and exactly wen sud i go for preparing taxation part.

Hi,

I am running a pvt ltd concern with one of my friend as a another director. for which we are having an cash credit account with punjab national bank for 80 lakhs, My father has given a collateral guarantee for the loan thru his property worth 84 lakhs and another propery of mine worth 103 lakhs . My loan is based on the stock and receivables and then the collateral security. Due to the family dispute , my brother has instigated my father to send a lawyer notice to the bank stating that he is withdrawing the guarantee. On the basis of this letter the bank has freezed my account for both credit and debits without asking me for an explanation neither in writing or by person. I want to know what they done is correct. they are quoting claytons law. Is it applicable for pvt ltd and the other collateral is already 128% how can they freeze the account. Moreover i am AA rated customer by the bank itself without any cheque bounce or defaulter forthe last 10 years and my stock onthat day is 155lakhs . I want to take them to the court, before going there i want to verify what i am doing is correct. I need the expert opinion on this

Im working from home as a freelancer by creating websites & running advertisements on them.Total Income for F.Y.2010-11 from these is 19 lacs.

My questions are,
1) Should i need to maintain books of account (section 44AA)?Remember i work from home developing websites.

2) If account books are required, should i get it audited by CA (section 44AB)?

3) I think i have to file returns as 'Income from Business other than speculative business' head.IN this case, what code should i choose for Nature of Business?

4) If audit is not necessary, Can i file the tax before July 31st & prepare account books?

As of now, I have not registered any company or im not maintaining any books of accounts.Will soon register a company.

PLEASE GUIDE ME, as IM VERY CONFUSED ON WHAT TO DO

1.Are dividends earned from indian company taxable.
2. Is NSS closure income taxable and what is the tax treatment
3. Is redemption from FT prima plus taxable and what is the tax treatment.

Respected all ,

Can anyone tell me about transfer pricing ?? what concept is it ?? what are the features ???

Thankin YOu

Dear all

i want to start my own consultancy firm plz suggest me

1.which point i should analyse before starting

2.from where i can have all necessary formats, which i may need during my business

3. List of books i should purchase

4. and other resources i should have

1.An A became tenant for residnetial flat for 300sqft area on 1/1/2010
2. An A is surrendering his tenant right to builder/developer on 30/6/11
3.An A is entitle for residential flat in new constructued building for 400 sqft area
4.Redevelopment agreement is made on 1/7/11
5.The possession of the flat will be given on 31/3/13
querrry
1. is there any tax liability under capital gain either short term or long term
2. if yes then on what value?

I HAVE FILLED FORM 108 ON DATE02-JUNE. BT NO REPLY SINCE.NOW THEY SAYS THAT ADP LEAVE PENDING. CAN ANYBODY TELL WHAT IT MEANS

Sir,
if there is a FD for a long term then what is the treatment 4 matured amount in curret nd DTC... If any special treatment then what is long term period for FDs....

Will maturity amt of a long term FD consider as capital gain...