PRAGYA
08 September 2013 at 17:48

Services of mutual fund agent

is commission on distribution of UTI mutual.fund products taxable?

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srinivas
08 September 2013 at 17:12

Service tax excemption

sir
we have taken a property on rent from road transport corporation for Rs 30 per sft per mont
and the same is rented to govt education department at RS 40/sft

we have to pay service tax in karnataka 12.36% on 30 Rs
how ever the education dept is not suppose to pay service tax 40 Rs

is it possible for us to claim refund of service tax

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Abhinandan Jain
08 September 2013 at 13:02

Section 40a(3)

As per Income Tax Act, Section 40A(3) we cannot make a cash payment to a person exceeding 20,000 Rs. for an expense. If for two different expenses on the same day cash payment is made to the same party for two different expense heads each of them not exceeding 20,000 but total exceeding 20,000. Will it be disallowed?

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nidhi jain
07 September 2013 at 18:51

Tds on payment on a/c of csr

where any company is paying money to fulfill its csr obligations just. It is not getting any advertisement benefit from that, then whether tds will be required to be deducted in such case or not? If yes, under which section?

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Anonymous
07 September 2013 at 10:17

43 b previous year exp

A ltd has provided bonus expenditure of Rs. 10 lacs as on 31.3.13 and is payable as on 31.3.13. A ltd is covered u/s 92E under specified transactions and therefore the due date u/s139(1) of filing of return is 30.11.13. The return of income for AY 2013.14 is filed on 6.9.13 after disallowing the bonus provision of Rs. 10 lacs. The bonus will be paid by A ltd on 25.10.13 and will be claimed as allowable expenditure FOR AY 2014.15 on payment basis as provided in section 43B.

Whether the assessing officer will disallow the said expenditure of bonus for AY 2014.15 on the ground that the expenditure pertains to the Previous Year 2012.13 and should have been claimed for AY 2013.14 as the bonus payment is made before the due date of filing of return u/s 139(1)i.e.30.11.13.

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Anonymous
06 September 2013 at 20:48

Query regarding case laws

The case law for Nov 13 exams published by ICAI has about 120 case laws. My queryis,
is it necessary to read all 120 from exam point of view?
Is there any important case laws?

kindly clarify me on the same sir.
Thanks in advance.

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CA AJAY KUMAR AGRAWAL
06 September 2013 at 17:54

Ltcg on sale of residential house

One of my client has sold 10 year old residential house. There is LTCG also, by applying Cost Inflation Index. He has taken 50% amount in his account & rest in his wife's bank account. Question is:-
(1) Is there any problem in taking amount like this?
(2) What formality he has to fulfill for coming 3 years to claim exemption u/s 54(F) as he wants to invest the same in another residential house. Please advice.

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ASHWANI
06 September 2013 at 12:42

Change of director in eform-1

i file eform 1A for company name approval.
the name was approved by mca.i file 3 director as a subcribers of moa .now i want to decrease no. of director in form 1.
can i do it ?
if yes please give me the procedure ?

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Anonymous

can we take service tax credit on clearing charges of import & export item?


Sir OURS IS AUTO MOBILES PARTS MANUFACTURING COMPANY WE WILL EXPORT & IMPORT THE MATERIALS ALSO. REGARDING TO ABOVE QUERIE CAN I TAKE (EXPORT CLEARING S.TAX CREDIT CAN WE take TO Manpower recruitment/supply agency service ). IF ANY NOTIFICATION IS THERE PLZ TELL ME.

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Anonymous
05 September 2013 at 18:11

372a

Section 372A covers investments made in security of other body corporate.

i want to know whether trading done in Future and Options is also covered u/s 372A. if yes, how do we make entries in register maintained u/s 372A because in F&O margin fluctuates on a daily basis.

pl sugggest?

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