Dear Sirs,


I run a proprietorship firm (unregistered) at Chennai & we offer software development / web designing services purely for overseas market. All developers / designers in our firm receive a minimum annual salary of 2.0 lakhs plus.

Are we covered under Professional Tax? I am not able to find the corresponding law or rules regarding the same, hence this request to guidance?


Pls. advise on what should be done? and how we should go about this?


Thanks & Regards,


Rajesh

I have filed an Original Return for F.Y.2008-09 & 2009-10 under wrong head and not taken a CENVAT credit also in such return. The time elapsed is two years now i come to know my mistake and want to revise the return under right head for both the years and take CENVAT credit.

How can i do it.

Kindly suggest the possible option at earliest.

I am a distributor of Mutual Funds. As per law, mutual fund houses, deduct service tax @ 10.3 % on brokerage payable to me, similar to TDS. Since my total brokerage income does not exceed Rs.10 Lakhs, I am exempt from payment of service tax. In my case can I claim a refund of service tax deducted by mutual funds. If yes what is the procedure to claim refund ?

Hi Every body .I want to Know how i can get duplicate company incorportion certificate

Dear all

i'm a CA Fresher! I've a doubt on the aforesaid subject! I know it seems useless to have a doubt on it but I've as there's a conceptual mismatch between our CA Fraternity itself.

The case is - Mr.X pays Rs.2 lacs LIP from his bank a/c on policies in his wife Mrs.X's name! Now the question that arises is - WHO CAN AVAIL THE DEDUCTION?

Text of the Section 80-C reads as "ANY PAYMENT MADE BY AN INDIVIDUAL"

So in this case, me & my CA Fresher friends are of the opinion that only Mr.X can claim the deduction as HE has paid the sum & not Mrs.X!

HOWEVER, MY EMPLOYER CA IS OF THE OPINION THAT EITHER OF THE TWO SPOUSE CAN CLAIM DEDUCTION! HE FURTHER AFFIRMED THAT [u]IT IS NOT NECESSARY THAT PAYMENT OF LIP BE MADE BY ANY OF THE SPOUSE i.e. EVEN A THIRD PARTY CAN PAY LIP OR DEPOSIT SUM IN PPF A/C & DEDUCTION CAN BE CLAIMED BY MR.X OR MRS.X.[/u]

I find his opinion contrary to the text of the section as the principal of payment based deduction is violated!

Kindly advise me on the same as in what should be done in this case!

regards

Parag

Are there any restrictions on deposits and interest thereon :

1. From Directors in a closely held public ltd. company.

2. From Partners in a Partnership Firm?

Regards,
Rajiv Kaicker

What is the effect of the decision by the Larger bench of CESTAT in the case of Deliam Industries? Will one have to pay the service tax from 2004 on work contracts? What about the time barred case i.e. for the FY 2004-05?

If we make payment to NON residence Not Holding Pan and Grossup of TDS is there then i got fallowing Way by expert Please Comment on it
If Payment Need to Make is RS 100000
Tds under Income Tax Act/DTAA-10%

Grossup Amount=100000*100/90=111111.11
TDS will be 20%=111111.11*20%=22222.22
Now what should Book as expencess
a)Rs 111111.11 or
b)100000+22222.22=122222.22

Insurance has deducted TDS from commission for the past 4 years. I have not filed any ITR

Please guide me how to get the Refund, from income tax, which ITR From i have to file, to each year i have to file ITR or all 4years TDS form should be enclosed in the current year ITR FROMS.

Please advise.

1. in 80U how we will get %age disability

2. in 80QQB and 80RRB if royaty income is foreign income and assessee is forget to bring that money in home country so will it be taken as deduction in these sections

3. in workmen compasation if entity has alrady more then 100 employees and recruits another employee so will entity get deduction.