Dear Sir,
If we purchase Motor Car in the name of company director, could we take in the books of company for depreciation.

Dear All,
Please confirm , whether Reverse Mechanism System (as per service tax notification) is applicable or not for those listed service providers / receivers ,who's yearly taxable turn over / income does not exceeds Rs.10 lakh ?

Example #

if annual income of a legal service providers does not exceeds Rs.5 Lakh & if he has not taken service tax registration then this Reverse Mechanism System rule applicable or not for service receiver.


Regards

S Mullick

sir, I am accountant in a software company
Here company paid to professional fees normally 50,000 in every month how to manage tds on the payment. last april -2013 I did not deduct tds on the payment. pls help me and describe the tds on professional fees.

sir i completed b.sc. Now working in a manafactureing unit as a operator. now i am presently getting 25000/-rs p.m.currently i am completed icwai inter group 1& group 2 is prepareing.after completion of group i want to join job icwai basis. how much i will get & i am studying mba also. which industry better for me.

Respected Sir/Madam
Can u let me know that whether Revised Companies Act,2012 is Applicable to May 2014? Whether partially is it applicable?

Respected Experts,

One of my client having a STC on "Goods Transport Agency", now they received a commission income of Rs. 4,00,000/-. My question is should they pay service Tax on that amount as they are registered in ST but category of registration is "GTA"?

Kindly revert asap

I have Started my Articleship on 15/03/2012 & From that day to till now i have taken total 7 months leave for exams. Now i want to take TRANSFER. My Principal is also ready to give me transfer.As i completed 1 year & no any another reason (condition) matched with said by ICAI On based i can take transfer. Please tell me what should i do to take transfer???

A company is having an agricultural land for the last 15 years and agricultural activities are conducted on it for last so many years. Now the company wishes to sell the land. Would there be any capital gain tax on it? The area where the land is situated has a population less than 10000 but it falls under Municipal Corporation limits. Please give valuable opinions.

sir
our company purchased a car in the month of april 2013 and financed it from a finance company. now my question is that we are liable to deduct T.D.S. or not on interest which is paying by our company.

Sir,

In our companies salary package,salary does not split as Basic+DA+HRA+other allowance. But I have pay 6000/month as rent. My employer does not consider this and he calculate tds for my gross salary.
I know HRA calculation for IT
1- 40% of salary
2-actual rent-10% salary
3-Actual HRA
But in my case what to do if there is no HRA in my salary package. Can I deduct my actual rent from my salary?

Please help me to reduce my tax burden and kindly give a detailed note about it.