Arun Mutkiri
18 May 2014 at 12:58

Sales tax

selling cotton yarn in cone form is taxable in Maharashtra, while if trader purchases from out of Maharashtra and converts into hank form is trader liable to pay tax on sale of yarn in banks form. Tax on sale of yarn in banks form is exempt in Maharashtra. please reply.


Trainee
18 May 2014 at 12:00

Tds on salary

If a person earns 22 k per month then what amount of TDS will be deducted on his salary per month ??


Trainee
18 May 2014 at 11:55

Tds

In which cases, TDS could be deducted on the amount including service tax??


Jay Shah
18 May 2014 at 11:39

Depreciation

If a new machinery has been installed and capacity increases....will this increase in capacity have any effect on calculation of depreciation us 32



Anonymous
18 May 2014 at 10:41

Small home based labour income

Sir,
Assume the case details is as following:

My mother has earned , in f.y.2013-14, Rs.60,000 as income from home based labour work.(labour work=She makes papad,aaloo sev etc. for customers from material given by such customers.)

She did such labour work for first time. And now she is not going to continue such labour work in current year or in future years.

Q.1}
Under which head should such income be shown in her I.T. return?

Q.2}
Is such work considered as service provided ? Or profession?

Q.3}
Will she have to get registration for providing such labour work(service) ?
And will she have to submit any returns or reports periodically?

Please, share your opinion.


sandhu
18 May 2014 at 10:00

Ledger confirmation

As a Transporter using Tally & as per the Mercantile basis we consider our consignment note issued date as income. whereas the consignee/consignor bookes our consignment note as their expenditure only on receipt date of our bills.Thus the ledger of both the parties differs on 31.3.14. Kindly suggest the right procedure.


siddharth desai
18 May 2014 at 09:27

Unpaid dividend

WHAT ARE THE RESPONSIBILITIES OF AN AUDITOR IN A CASE WHERE AFTER THE STIPULATED PERIOD AS MENTIONED UNDER SECTION 205A OF THE COMPANIES ACT , AMOUNT HAS NOT BEEN TRANSFERRED TO 'UNPAID DIVIDEND A/C....' BY THE CONCERNED COMPANY


Aashutosh
18 May 2014 at 09:15

Professional tax on stipend

Hello all, I work as a company secretary management trainee in a steel manufacturing company,mumbai! I get rs 8000 as a gross stipend amount every month, I just wanted to know that do I am liable to pay professional tax out of my stipend amount? m I liable to pay professional tax out of my stipend amount, but I am just a trainee out there! every month my employer deducts some amount as a professional tax from my stipend. what to do? pls help


PRASAD NALLALA
18 May 2014 at 07:40

Itr applicability

Hello , sir
One of my client has some proprietary business and at same time he is one of the partner in finance firm, there from he would earn some salary and periodical profit as well, thus his income includes business income and profit & salary from partner ship firm and also there is a chance to get some rental income on his property by letting out his property in future. And what query is which ITR form does applicable to him i.e., ITR-4 OR ITR-3( because his income includes share from firm)


viraj Agrawal
18 May 2014 at 01:58

Negotiable instruments(ni)

I was doing ni there it was written as per reserve bank of India act no one can issue bearer instrument other than it own. then hoe the cheques are in bearer form. please help really confused






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