Case ; The assessee is engaged in the business of sub contract of labour i.e he provides labour to main contractor.

Querry : The assessee makes a contract with other small contractors for supply of labour and the contract amounts of such exceeds Rs.50000/- thus making the assessee to make a sub sub contract.
so is he liable to deduct the TDS on this contracts which are sub sub contracts

My question is whether any Pvt/Pub Ltd company can pay Insurance Premium of Directors,Employees,Chairman under Employer Employees Scheme(Not Group Health or any other form of Group Insurance) and get deduction from Profit and Loss Accounts.Is there any limit to debiting of expenses under the scheme.Can corporate select any select band of employees/employee/directors/director for the said insurance scheme.

Please guide me.
E Mail: kashyap@kashyapfinance.com

What is tax audit and the main points to be noted in a tax audit case

Kindly advice as to which form of ITR is to be used for an Individual who comes under 44AB tax audit and who is also a partner in another 2 firms which also is covered by 44 AB tax audits. Urgent.

Hi,

An individual who is a CWA but not practising as a CWA instead drawing receipts from consultancy services (say outsource of payroll work) exceeding Rs. 10 lacs .. whether he is liable to Tax audit under income tax act.??

Similarly,

An individual who is an MBA drawing receipts from consultancy services (say outsource of payroll work) exceeding Rs. 10 lacs .. whether he is liable to Tax audit under income tax act.??

Whether MBA is a profession for Tax audit purpose..

Please clarify at the earliest..!!!

my company has purchased a newly built ship on 15.2.2007. what rate of depreciation to be applied for the period upto 15.2.2007 to 31.3.2007. wheter it is for the pro rata for the applicable days. if that so, on what percentage ?

I am a PCC Student & planning to do MBA (finance) correspondence with CA. Is it necessary to inform the institue about MBA ?

Dear Friends,

Can any tell me what is diff between to export goods by "Rebate Claim" to file and do export by filing CT-1 Bond . How CT-1 Bond applicable?


Help me for this


Vimal rAval

I need to pay Rs.100000 as registeration fee for attending training.i would like to know whether i have to deduct TDS for this payment.

Best of luck to all the nov 07 examinees.
Do well in exams.