Circular no 9 dated 23.03.1943 gives right to the hirer to claim depreciation so whether expenses for repairs incured by the hirer would be allowed as deduction.And kindly also explain the difference between installment purchase and hire purchase.

I AM A LAWYER WORKING AS A RETAINER IN LAW FIRM I AM GETTING A FIXED RETAINERSHIP PER MONTH . I AM GETTING TDS CERTIFICATE AS PROFESSIONAL INCOME UNDER SECTION 194 J SHOULD I TREAT MY INCOME AS SALARY INCOME OR PROFESSIONAL INCOME. WHICH ITR SHOULD I FILE ITR 2 OR ITR 4

TAX WAS DEDUCTED AT SOURCE FROM MY INTEREST INCOME AND TDS CERTIFICATE WAS ISSUED TO ME BY THREE PERSONS FOR ASST YEAR 2008-09. i FILED MY RETURN BEFORE DUE DATE. i CALIMED REFUND FOR TWO CERTIFICATES BUT FORGOT TO CLAIM FOR THE THIRD TDS CERTIFICATE. MY ASST IS COMPLETED. CAN I CLAIM REFUND OF TDS FOR ASST YEAR 2008-09 IN MY RETURN FOR ASST YEAR 2009-10

Our company has paid oecan freight to Maersk, MSC I P. Ltd and to other liners.

Shall we deduct tds these payments. The freight amount invoiced in USD and then convert in to INR . we have paid in INR.

Kindly advise

if a salaried employee is getting salary more than the exemption limit than the employer of that employee is liable to deduct tax at source for that year .generally tax should be deducted every month from the account of employee.my querry is that if the employer decides to deduct tax of the employee from july or aug or sep onwards for the whole year,than is he liable to pay interest as tax of every month is due on 7th of succeeding months and the tds has not been deducted for the month of april,may ,june.No liability for tds has been created for the month of april,may,june

if a foreign individualm has a personal property in india and he took a taxable service from another foreign service provider in india than is there any service tax liability?? if then, who will pay it as both are not resident of india...

what if one of them is an nri but still don't have place of business or residence in india???

Dear Friends,

I want to know whether a State Govt. can reduce the CST Rate in it's state without any consideration from Central Govt.

Actually Himachal State Govt. has reduced the CST 1% (from 2%) in continuation of State Industrial Policy 2004
Benefit of CST 1% under State Industrial Policy 2004
was applicable from 01-04-2004 to 31-03-2013.
But in the year 2007 it was decided to provide the concession only upto 31-03-09.
Now HP Govt. again issued a notification to extend the benefit upto 31-03-2013. But Central Govt. has not given any notification.

Is this possible ?

Aabid Hashmi
094184 78810

what is the last date for filling the form 15G / 15H for the year ended 31.03.09. one of my client not filed the forms 15G/15H till date in the income tax department, our income tax consultant told us that if we have not filed the such forms in time then the ITO will added back the expenditure claimed by us in p & l account.in our income. please give your valuable advise that now what we should do ?

Hi All,

I would like to know the procedures to be followed / notification to be sent to various govt. department for dissolution of partnership.
We are a registered trading business partners and would like to end the partnership officially as the business is closed since long.
So, need to know the procedures for teh same.

Thx

Dear all,
I'm working as an LIC agent as well as as an accountant in one MNC.
As an LIC agent my annual commission is Rs. 30,000/-. Am I liable to pay profession tax?
Is there any limit prescribed by the Profession Tax Act?
Pls help me & tell me the provision of the same..........its very urgent!!!

Thanks & regards