Dear All,

We have received notice from Traces for demand of Rs 10 k for late filing of TDS returns and short deduction of TDS.

We have paid the amount alredy in full? now is it required to reply for that notice or should I simply ignore as I have paid TDS amount ??
Can any one share the format of the reply notice also to department.

Regards

Hi.....
My one client Partenership firm get a contract of Approx. of 2 crore.

He will do only RCC Labour work ... its a totally labour work contract for doing only RCC Slabs of one huge building ....

He is also like to give the same work in sub contract.

How many taxes he will have to pay & at what Percentage like service tax & tds etc....

Please give ur inputs ......

A proprietorship enterprise carrying on Construction business, through a contract manufactures solid cement blocks for the purpose of construction and does not sell out those manufactured solid blocks. The raw material for manufacturing the block is provided by the proprietorship itself but the machinery used for such manufacture is owned by the contractor.
Please clarify whether excise duty is applicable for the proprietorship enterprise for such manufacture and is there any service tax liability for the same in the given case

An individual, who wanted to start a business but for want of past balance sheet and IT Returns, he couldn't avail business loan. However he obtain personal loan and the proceeds were entirely used for the purpose of his new business. My question is can he claim deduction for interest on this loan in P/L account ? Also whether this loan can be brought as business loan in his balance sheet ?

Sir please tell me,special purpose financial statement kya hota hai,and with example

"It is said that VAT does not interfere with the decision of purchase".
However input tax credit is not available for inter state purchase or purchase from a registered dealer.
So is the statements in "" correct or not? And if correct, please give your reasons.

1.is first proviso to section 48 applicable to unlisted shares and debentures??
2.is second proviso to section to section 48 applicable to unlisted shares?

Facts Ours is a Private limited Company we have 1 Managing Director & 9 other Directors, In our books of accounts we are showing them remuneration without bifurcation into commission or sitting fees etc. As far as the terms of appointments of these Directors are concerned nothing is specified about the amount of remuneration that will be paid to them. Query Currently we are deducting TDS u/s 192 on the total remuneration paid to the Directors, are we required to deduct the same u/s 194j? , and is the company required to pay service tax on the remuneration paid to the directors? Is it necessary to specify the amount of fix remuneration to be paid to the Directors in the terms of appointment of the Directors. Is it necessary to state the type of Director ie Whole time, executive, part time etc. in the appointment terms of the Directors? And also are there any formalities of filling these details with the ROC.

SIR,
I HAD TO RECIEVE 12 MONTH SALARY & ABOUT 1 LAKH AS PAY AREARS

DURING FY 2013-14.BUT I RECIEVED PAY FOR 11 MONTHS DURING THAT PERIOD.
MY QUERY IS

1. CAN I TAKE SALARY FOR THE 12 MONTHS AS WELL AS AREAR IN MY ITR FOR FY 2013-14 EVENIF MY EMPLOYER DOES NOT MENTION THAT
SALARY & AREAR IN FORM 16.

OR

2. I HAD TO TAKE THAT SALARY AND AREAR IN CURRENT FINANCIAL YEAR.

IF I TAKE CONDITION 2 ,I HAD TO TAKE REFUND FROM INCOME TAX DEPTT. OTHERWISE GET ADJUSTED ON ITS OWN.

SIR,
I HAD TO RECIEVE 12 MONTH SALARY & ABOUT 1 LAKH AS PAY AREARS

DURING FY 2013-14.BUT I RECIEVED PAY FOR 11 MONTHS DURING THAT PERIOD.
MY QUERY IS

1. CAN I TAKE SALARY FOR THE 12 MONTHS AS WELL AS AREAR IN MY ITR FOR FY 2013-14 EVENIF MY EMPLOYER DOES NOT MENTION THAT
SALARY & AREAR IN FORM 16.

OR

2. I HAD TO TAKE THAT SALARY AND AREAR IN CURRENT FINANCIAL YEAR.

IF I TAKE CONDITION 2 ,I HAD TO TAKE REFUND FROM INCOME TAX

DEPTT. OTHERWISE GET ADJUSTED ON ITS OWN.