In case an asset is purchased under lease ,
should the depreciation be claimed by lessee/lessor

Whether inter unit transfers can be treated as sales?

Well this seems a very simple query.The current TDS rates applicable for Professional Fees would seem to be a bit on the higher side for those professionals whose margins are on the lower side, particularly when WORK is sublet to another Professional.

In this regard , CAN A Chartered Accountant enter into a Contract with the fellow CA and deduct tax at 2.266 % since there exists a contract for the services rendered .Or is it that the Rate would be 10 % + applicable surcharge / cess only since it involves Professional Services.

Is the contractor / Sub contractor clause meant only for labour / job contracts and the like.

If any person sale goods on behalf of his prinicipal wheather sale proceed constitutes turnover or only C & F gross commission deemed to be his turnover

hi....
this is ca mithlesh
i just wanna to know whether an internal auditor of a company can be a signing authority in respect of various returns & documents of the company in which he is internal auditor.
in fact i have been appointed as an internal auditor of a Ltd co. but as per the terms of offer the company want me to sign all the returns and records related to the company. is it possible????

How much the % of service tax for Transport contrators in India ( suppliers of vehicles on hire ).

SK

If A,B,C are partners in firm ABC & CO.
Can C be the sub-partner of A in the same firm ABC & Co.
If yes,then what would be the nature of income to C from Sub-partnership?
If No,reasons for the same !

My assesse is working on perol pump of Hindusthan perolium Ltd.on such work comes in Labour contract.The contract value is decided on sale valuewhich will be predecided by Hindustahn Petrolium Ltd.on sale of Petrol
So pl advice that this individual person is liable to pay service tax or not

1.The Department has issued a Notice to company that mending contractor has made contract work and his services covered under manpower recruitment.
2.The company has made excisable commodity
3.The contractor has done work with his friends
4.The limit of exemption has been cross
5.In regards of work done by himself and with his friends a litigation may be attract that manpower defeination is imforced the recruitment agency which can not work but impontment for the same work with efficeny of person and requirment of employer.
So pl. tell what is the pledinng answer made to department.

Our friend was paid Rs.63000/- tds on salaires

and total 1 lakh 80 C completed


again his tax liability was Rs.5000/-

Please suggest investment otherthan 80C - because he was going to refund

plese sir help me