Sir,

We are a IT company. We are having a contracts with a prop. concern for creative designing to be further used for our software products.

Now they are serving us under a proper contract.

While making payment to them should we deduct TDS under 194C or 194J ??

Pl reply soon.

Subhash Jha

Query:
i want to claim the cenvat credit (excise pad by us in input material used for construcion of bldg)

What details i have to provide to the Service tax department along with ST-3. Please provide the link from where i can confirm the rules prescribed if any.

Regards
Suresh Choudhary

Hi all,

I have a question related to capital gain:
What if a father buys a land with in the local limits of delhi/ncr region in his own name but the money is paid by his daughter, Now to whom the capital gain will arise if the property is sold if the registry is in the name of father.

Pls reply asap to richarsharma@gmail.com
Thanks

HI,

My self is an Accounts Officer working in a MNC dealing with BPO Services. We are having the PF registration and have been deducting the PF according to their Basic salary and depositing the same in SBI and also depositing the monthly returns.

Regarding the same I wanted to know the following:
1. Lets say if aemployee's Break up is Basic Salary = 6500.00, HRA= 3250, Conveyance All = 800, Medical All = 1250 & Spl All = 1200.00 amountind a package of Rs. 13000.00. The his PF deduction will be 780.00 and what is the criteria for ESI deductions???
and
2. If the salary of the employee increases from 13000.00 to 20000.00 then his break up would be Basic salary = 10000.00, HRA=5000, Conveyance=800, Medical all=1250 & Spl All=2950.00. Now my Question is PF will be deducted 780.00 (as it is the maximum level) and the break up is what I have given. IS ir OK or something different?

and
3. what is the eligibility criteria of ESI deductions and what is the procedure and how it can be implemented.

Please give the answers andf I will be highly obliged.

Thanks & Regards
Someshwar Rao
09999009827

In Total Services,, one service is of Construction of Commercal or Industrial Complex,, and also there is one service of Works Contract. Please tell me what is the difference between these twos?
My Client is Contractor for Civil Construction,, which one would be applicable on him?

A proprietorship firm providing entertainment services raised 4 bills for fee aggregating rs. 20 lacs and service tax thereon rs. 2.5 lacs (approx.) in F.Y.07-08.Entire 22.5 lacs was realized in F.Y.2007-08 itself. It credited rs. 20 lacs to profit & loss account and showed service tax rs. 2.5 lacs payable on liability side of balance sheet.It failed to pay service tax liability till filing of Income tax return due date i.e. 30th Sept. 2008. my query is
Since service tax is not routed through profit & loss account of the firm ,is the outstanding service tax amount (which is realized but unpaid till return due date )is liable to be added to taxable income u/s 43B.if yes, under what proviso ?

What is the criteria of tax audit in case of a commission agent whose major receipts are by way of commission and turnover used to be in thousands only. It will be covered under sec. 44AB or sec. 44AF. Also, in the last column of tax audit report, how the ratio as to net profit/turnover to be calculated.
Plz ans.
Thanx

i m a CA student and have started my articleship in July. At that time i had completed with the registration formalities but a month later i had registered for my B com correspondance.
I didn't knew abt form 112 clearly but now plz can anyone tell me that is it required to fill that form.
Plz help me...........

1.I invested Rs.2,50,000/-in the equity shares of a Private limited company in the year 2005-06 from my savings from salary income and other savings.
2.Now that private limited company is received the Scrutiny order from the Income tax department for the years 2005-06 on wards.
3.Now that company is asking me to produce my personal balance sheets and Profit&Loss account explaining the source of income for that 2,50,000/-
4.since no need to maintain the books of accounts.I have not maintained any books for the years 2005-06 onwards.
5.for the FY2007-08 only i filed my first income tax return.
6.can any one please help me what i need to tell to that private company.they are asking me to produce the Balance sheet for the year 2005-06.
7.I am salaried employee.I don't understand why i need to maintain Books of account like balance sheet and P&L.

Sir if the director Directly deposit the amount in the Bank of the co. without account payee cheq.(some how Rs 40 cr).& the co. remitted the whole amount by way of account payee cheq.
Is this transaction will attract the above sec.