Dear Sir,

I need your opinion on the following issue

One of Private Education Society Conducting courses which is recognized as well not recognized.

Wanted to know the Tax liability for both.

service provider providing Goods & Material provided like Books, laptop can get Exclusion from Value of Service.

Pls reply on Urgent basis & If have any case laws or notification pls send the same.

thanks in advance.

One of my client is a goverment employee. During the year 07-08 he has received cash of Rs. 10.00 lacs from his brother (who is a contractor) for payment of labor. The cash received was first deposited in saving a/c and then withdraw on various dates and paid to labor on behalf of his brother. Now the case was selected for scrutiny and AO is asked for source of fund.
if we show the amount as advance received from brother for payment on his behalf to labor. Whether AO can evoke section 269SS/TT for received of advance in cash??? Please also suggest any other measure to safeguard the client.

Dear Sir,

Please provide me details regarding the submission of an Annual Financial Information Statement for the preceding financial year to the Excise office.

Also give me related notification and format of that statement.

Regards
Anand Vadu

My Question is relating to TDS on Import of Services.

We have to pay TDS on Import of Services or only on grossup Figure.

For Example'
A who is working for a Consultancy firm for Net of Taxes for Rs. 2,50,000/-(Equalent to Indian Rupees). If we grossed Up with Tds then the same come around TDS Come around 27777/-(assume 10% TDS) the total Consultancy Charge comes to 2,77,777/- and the ST comes to 28611/-10.3% on 2,77,777/-) i already considered for TDs 27777/-. But I had a doubt whether I have to pay TDS on 28611/- also please calrify

A company has got n ERP system insalled.

Agreement with vendor says that it will provide Implementation services.

And, it will also provide Support Services after the said system goes live.

Now, I am acceptable to capitalising Implementation Cost.

But, I am of the view that cost of Support Services should not be capitalised, since, even with support services, the asset is ready for use.

However, Support Services are of essential nature without which running the software becomes very difficult for the company.

Kindly advise as to whether Support Services should be capitalised??

Give reasons as well.

can anyone tell me that what is way to get pan card when there is no documents of pancard i.e.niether pancard nor acknowledgement nor any intimation letter from department.But the pan number is known

WE HAVE EXPORTED PETROLEUM PRODUCTS OUT OF INDIA, THROUGH MARINE TANKERS WHEREIN WHICH TIME CONSUMED FOR MORE THAN ALLOWD TIME OF 36 HOURS LEADS TO INCURRING OF DEMURRAGE. DEMURRAGE WILL BE PAID TO BUYER WHO IN TURN PAYS THE SAME TO THE TRANSPORTER.

PLEASE ADVISE ME ABOUT THE TAXABILITY OF THE SAME. IS PAN REQUIRED TO BE TAKEN BY BUYER?

Hey everyone
Enjoying Hot summers ??????????

I have a problem in Busy Software.
when I open the P/L a/c in busy then profit is Rs. 10500/-
and when I open Balance Sheet then Profit show 9700/-. I did everything which I can do but I didn't find the mistake.
So if anyone can help me please help me.

I am waiting for your reply.

Thanks in advance..
Enjoy the hot summer..
Mukesh

Refer to the following provisions of Regulation 54 regarding secondment of articles:

1.A principal, with the consent of the articled assistant, may depute the latter for training for a period not exceeding six months to a member eligible to engage and train an articled clerk or articled assistant or apprentice, by whatever name called, under the bye-laws of an institution or body etc. set up in the respective countries under the relevant Statutes.

2.The articled clerk shall be seconded only to a member who is entitled to train one or more articled clerks in his own right or to a member in industry who is entitled to train one or more industrial trainees.

3. The member to whom the articled clerk is seconded will not be entitled to train more than two such clerks on secondment at a time.

4.
(a) The maximum period of secondment shall be one year which may be served with a single eligible member.
(b) The Council may permit secondment with more than one such member provided the minimum period of secondment shall be four months and the aggregate period served on secondment with such members shall not exceed one year.


In point 1 it is mentioned that max. period of secondment shall be 6 months under 1 principal where as in point. 4 a. it specifies that one may be seconded under a principal for 1 year..

What is the exact term of secondment????

The Billed amount in a year is Rs.900000, But the amount received in the same year is more than Rs.1000000, i.e. it is like advance without billing.
Whether that entity is liable for registration???
If yes then when it is liable?