tds deducted on bill including service tax or excluding service tax.


our clinet ONGC Ltd net bill given after deduction of service tax on that amount we deducted TDs as per contractors


this is correct or not

plz sir

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I am having office in a residential apartment in ground floor. Corporation authorities has treated my office premises as commercial property and accordingly charged property tax applicable to commercial premises.

I want to know whether Chartered Accountants office premises will be treated as commercial or residential for the purposes of charging property tax by municipal authorities.

Dear Sir/Ma'am,

I need help in calculating the fwd rate when swap points are given. I have read that when Swap points are in increasing order, we need to add the same to spot rate to arrive at fwd rate and vice versa. BUT i hv realised that it's not so.

Consider following example:

Bid - Ask

Spot Rate : Rs./USD >> 40 - 45

USD intt rate >> 8%, India Intt Rate >> 10%

Thus applying IRPT, the fwd rate should be Rs./USD >> 40.74 - 45.83

Swap points are : 0.74/0.83.(increasing order.)

Now, if intt rates are changed as USD intt rate>> 10%, India intt rate>> 8%

then fwd rate should be Rs./USD >> 39.27 - 44.18

Swap points are : 0.73/0.82 (again in increasing order)

From above, it is concluded that swap pts. are not always added to spot when in increasing order.

Further, which situation can lead to swap points in decreasing order and what should be done in that situation?

Pls. advise.

Regards

Pankaj Gupta

Individual, who is not directly involve in any business earns Interest, Remuneration and Share of Pofit from a Partnership Firm, which is exceeding Rs. 40 Lacs.
As per section 44AB any person carrying on business shall be liable for Tax audit if his total ... gross receipts... in business exceeds Rs. 40 Lacs.
Now, in this case, whether the individual earning such income from firm will be treated as a person carrying on business? Whether he will be liable for Tax audit u/. 44AB.

hi,I am Parag and is studying for PCC and is in JK SHAH Classes. Can u please tell me that which author books should be referred for PCC for all Subjects or that we should use Module or either some classes notes.

hi,
can anybody suggest me the entry level handbook of NRI taxation?

It should provide basic issues like What should be the restrictions of investment , Loan to resident, interest, TDS to Non resident etc.

Thanks

Dear Sir,
My father want to form a trust for his property and he want that he himself alongwith his sons will be trustee of the trust The object of Trust would be earning out of that property and expenditure on account of social oblgation of family as well as cheritable purpose. Please advice me and what will be tax treatment wheather it will be taxed as aop/boi or as individual/huf.

Regards,
Sandeep Aggarwal

Hi,
I would like to know wat is the Notified interest rate on Recognised Provident Fund balance? is it 9.5% or due to some Notification is it 8.5%? Taxmann (Singhania) says its 9.5%. Plz clarify! Interest credited in excess of wat % is exempt? Also,plz give me some site address or proof where i cn find this rate for my reference.