We are a company in India who have utilized the services of a recovery agent in US. The recovery agent has sent a invoice for US$8000 for collecting the dues from our customer.

Whether we have to deduct tax at source in respect of the payment? Since, the service is rendered outside India and payment will be received outside India, I presume the income is not taxable in India

Please advise

The NSE website has a compliance questionnaire for the Brokers registered with NSE. However, the BSE site doesnt have any such list. What are the compliances to be done by a broker on BSE? How can i find out the complete list of compliances?

PL LET ME KNOW THE PROCEEDURE TO FOLLOW WHILE SETTLING THE BILL OF WORKS CONTRACT AS PER KERALA VAT ACT.IS THERE ANY CHANCE TO AVOID THE TDS LIKE PAYMENT. IF NOT WHAST ARE THE FORM TO BE USED FOR THIS

What is Company Profession Tax???
What is the rate/lump sum amt payable for the same and What is the due date for such payment with refence to the state of Maharashtra...

Hiiiiii
i hv cleared PE1 in May2006...
i hv registered under PCC course..
am i eligible 2 appear for PCC EXAM AFTER 18MONTHS ARTICLESHIP IN UPCOMING MAY 2008????
I HEARD DAT IN MAY 08 ITS PE2 AND NOT PCC....

Whether Companies(AS) Rules 2006 will be applicable in Nov2007 exams.

A company has paid an amount to employee's family on death of the employee due to an illness. This amount does not from part of gratuity. My query is what will be the nature of payment in case of company?Whether TDS has to be deducted and if yes, under what head ? And from employee point of view, will it be in the nature of capital receipt, hence not taxable?
Kindly advice.

Hello friends,

This is a pending query for last one month. If any one can help we nned to work out payment of Advance Tax.

QUERY :

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is also 100% EOU but not claiming 10 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

However, the losses for the non 10 A units are not more than profit of the unit claiming 10 A exemption.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

Dear Sir

Q1.We are a S/W Company 100% EOU, registered under STPI & VAT (Karnataka), whether company can claim refund of VAT paid on input items?
Q2.We are having Export sales only, in this case what will be the refund criteria.

WE HAVE ENGAGED A CONTRACTOR FOR CONSTRUCTIION OF BUILDING. HE HAS DRAWN SOME ADVANCE FOR THIS WORK. IN ADDITION HE HAS SUBMITTED PART BILL ALONG WITH M BOOK AND GOT PAYMENT .I WOULD LIKE TO KNOW WHETHER WE ARE LIABLE TO COLLECT TAX (VAT) ON THE PAYMENTS MADE TO THEM JUST LIKE TDS OF INCOME TAX. I AM OF THE OPINION THAT CONTRACTOR IS TO CHARGE VAT /WC TAX ON FINAL BILL AND TO REMIT THE TAX. PL CLARIFY THE POSITION
AND THE FORMALITIES TO BE FOLLOWED WITH FORM DEETAILS.