Dear sir,

As per Finance Bill, 2012; Share premium in excess of the fair market value to be treated as income.

Similarly, if shares are issued at a discount to the fair value, whether that will be treated as loss ???

Please advise.

Dear Sir,

This query is related to Works contract Service

What are the conditions on Reverse charge mechanism. If the Service Receiver is not a Company, who is to pay service tax. Whether 50% Tax liability by Service Provider and By Service Receiver is applicable to all categories including company, firm, trust, individual etc. Please advice


Regards
Sumesh
Student IPCC

A Hostel for handicapped children governed by RED CROSS SOCIETY WHERE food contractors are hired for each month, now my que. is If Monthly bill (OF FOOD)does not exceed 12000 then whether TDS is deductible monthly As per SEC.194C

Can any one provide the new format for disclosure of interest by director to be filled with ROC? Also is there a new format for disclosure of information on disqualification by director? Pls provide the new format in case any has been provided by MCA.

We are a limited company. we are service receiver from an individual or sole propretor under the category rent-a-cab. Some of them are charging ST @ 4.944% and some of them are not charging any service tax.

Those who have not charged, we, as a service receiver are liable to pay service tax to Government on 40% of the bill value @ 12.36%, which comes to 4.944%.

Are we required to pay service tax to the Service providers, who have charged service tax in their bills @ 4.944%, or are we required to pay the service tax directly to the Government instead of paying it to the service provider?

My friend registered for articleship in the month of march. The Icai institute sent him the confirmation letter last week but due to change of address the letter didnt reach him. please let me know what is the procedure to get the article registration letter again.

Dear Sir,

If any person contradict the provision of section 43CA where it should be reported in tax audit report. In my opinion it should be report in point 13(a)
Amount not credited to the profit and loss accounts being- the items falling with in the scope of section 28.

The sec 44AA says profession of accountancy not eligible for 44ad. Does it cover person who also render services like account writing, write books of accounts in tally etc? Are such people called professionals ?else its only CAs

Dear Sir,

If our Director of Compmay booking Air ticket & Ticket Agents is Enterprises then which section & rate of TDS applicable


Amt. 37900/-

can anyone tell me when do the final classes start un chennai..if pssble provide me the schedule