Some please tell me a partnership firm which deed has been expired. Now for deduction of tds new tan no.is required .my question is that in the tan form wt shud be write . Individiual name with the firm name or only name of the owner. Old tan no. Will be write.

For Payment in U.K, what shouls be the TDS Rate?
In DTAA with U.K rate specified for Tax is 15% and as per 195A it is 40%. However in DTAA there nothing clearly mentioned that 15% is TDS Rate, They have mentioned "Tax shall not Exceed 15%"

Then, What should be the rate?

Hiii all

I am CA final student having my attempt in Nov'11. I want to study accountancy myself and i am also good at subject. My problem is regarding topics other than AS.

I have bought MPV, and started reading from it, understood all concepts very clearly but we all know in CA-final, everytime we get different type of question with slight change in concept.

At first i see question, try to figure out solution and solve in copy, succeed partially everytime but never completely. If again same kind of question appears then till long i remember the past one, i could solve little more than previous one. I plan to go this way & after finishing one time, revise question again quickly by overview, and then pick up unsolved scanner and solve it out.

My question is that this approach is alright or complete wastage of time.

Can an NRI directly remit his investment or through his NRNRE Account in India to acquire Equity Capital in a Private Limited Company manufacturing Automobile Components in India. If so, are there any reporting/complying procedures under RBI/FEMA or any other Regulatory Authority or to the Central Government. OR Prior approval is needed before remittance into India. Pl. explain the procedures to be followed by the Indian Company upon receipt of NRI investment in Foreign Currency towards Share Application Money

Dear All,
one of my client have received an intimation u/s 143(1) of income tax act,
the date mantioned on intimation was 14/02/2010 but receive by us on 15/10/2010. the intimation was for the assessment year 2008-09.This intimation was showing a demand of 2,47,000/-.
the reason for demand is not taking the credit of TDS. My client has lost TDS certificate.

I know that the intimation is not valid as per Section 143 (1). Because such intimation should be received till 30/09/2010.

I just want to know what can i do now.

I had brought a residential flat in Jan 2007 for Rs 20,00,000/- and now selling(Nov 2010) for Rs 37,00,000/-. I do not want to reinvest the amount in another house but want to use the full amount for starting a business. How much tax will I have to pay in my case in order to use the full amount.I am presently unemployed since Feb 2010.

An indian firm (wholly setup in india) is providing consultancy services to company setup in Liberia. As per liberian taxation rules that company deduct 6% witholding tax from the service charged by indian firm. my questions are as follows:
1. Will that income is taxable to Indian firm?
2. If yes then can indian firm get witholding tax benefit which is deducted by liberian company?
3. Is there any agreement or any taxation rules that cany be referred in correspondence to this?

The assessee is liable to service tax as service receiver. can he avail basic exemption limit of Rs. 10 lacs.?

Irecently read the excellent file by Mr. Madhukr sir - Understanding the service tax concepts.

I read the service receiver cannot avail basic exemption - can more resource circulars/notifications be shared in this regard as i want to understand y a service receiver be penalised or say seen liable to tax from first penny of payment for receiving a service?

i have revised etds return of F.Y. 2008-09 quarter 2 once now i want to again revise that return, pls tell me the procedure to do so.

A pvt comapny has given guest house to its director .can guest house expenditure (like Rent,maintainance exp, kitchen expenses) will be allowed as an expenditure as per IT act /Company act?

What is the tax implication on director

Pls clarify

Regards
Madhuraj