We have taken labours from contractors in our factory and we are paying montly to the contractors towards wages apart from ot and meal expenses to labours..
pl..tell me accounting treatment in books..

Dear Sir,

i have received one invoice for Calender Printing for Rs.110000.00 on which vendor claim CST @4%(without c form).

shall i deduct tds at the time of payment or not & why ?

Please help me.

Indian unit of International Doctors Association is organising a International conference for which is collecting registration fee from its members in India and abroad. They may also receive grant or fund from International Association in this regard, but they are not yet sure. My query is;

1. To organise the conference, Indian unit has to pay rent for equipments to be hired (like furnitures, conference hall, hotel rent etc,) professional charges, travel agents etc. Do they need to deduct IT, if the payment exceeds the limit for TDS?
2. What is the status of the association? Is it AOP?
3. Do they need to file return of income?
4. What to do, if there is any excess of income over expenditure or vice versa?
5. Does its books of accounts are to be audited U/s 44AB Income tax act, 1961 if the gross receipts exceeds Rs. 40lakhs?
6. If you have any suggestions, please suggest

Hi,

Iam Shiva Who wants to rejoin CA in the new scheme to my info should we write the CPT because i have given my attempt in old syllabus for Group II only.

Kindly advice me the procedure involved in the new scheme

when a associate will be treated as permanent establishment even though the service rendered by the foreign company does not have any connection with the service rendered in outside india

what is the tax implications on the Salary received from United Nations? I have seen Circular No.293 dt10.02.1981, in that it say the pension is exempt from Tax.

What type of taxes applicable on the payment of licience fee payable to any indian company who had invented the process technolgy and patented.

Also tell us if the payment is in the form of Royalty.

If the liability to pay tax is on account the licencee, how to calculate the tax.

Is it possible that PAN of other persons to whom you issue TDS Cerificates can be searched through income tax portal.

sir,

we have a partnership firm which is doing agriculture plantation( ie, plantation in tea). We are selling the tea leaves to a tea manufacturer. since the Activities are Agriculture in nature Income of the firm is exempted from income tax as per section(10) of the Income tax Act.During the year 2006-07 the Total Sale of tea leaves exceeds Rs. 40 lakhs. Now please clarify (i)whether the firm is liable for tax Audit U/s 44AB of the Income tax act? (ii) whether the firm is liable to file the Income tax return during the period

Can an assessee claim exemption for HRA and Self occcupied property both when he has a house at Goa and he is working at Bangalore and takes a rented house in bangalore and his Goa house is self occupied by his dependent parents?