A pvt. ltd. company sells goods to another company and charged Rs 40000 as frieght. However it actually pays Rs 10000 to transportation comp.
while paying service tax they calculate the tax on 40000. On enquiry they told that they considered themself as a service provider that is why they are paying tax on 40000 not 10000. Are they correct? or they should pay tax on 10000 as reverse charge

query is

Our company finance its assets from NBFC and monthly installments including interest is fixed for repayment of loan

How the TDS provision will apply as EMI can not be reduced by TDS amount


Thanks and regards
Ritesh khurana

sir, i have filed return for AY 2008-09 of Rs. 151060.00 after due date,I forgot to add salary income of RS. 40000, AFTER THAT I Had REVISED THAT RETURN . Before revise all tax was deposited through tds Rs. 10546 and claim refund and after revision rs. 2032.00 self assessement tax paid.

now cpc banglor have shown demand Rs. 8835 ,

how i nullify this demand?????

Sir,

Please tell me whether Company is required to create a charge under Companies Act, 1956 in case of Overdraft granted by the Bank against Fixed Deposit? Please tell me its urgent.

what is the accounting treatment of promoters contribution for a private limited company??
whether it is shown under share capital or as shown under unsecured loans or liability??

please guide me for the same.

I would like to have the above proper reply about incorporating the clause related to the above in the Articles of Association of a Private Limited Company.

Further is it sufficient to only pass the Board Resolution for acceptance / ratification of any pre-incorporation contracts of the promoters of the said company? or the above clause is necessary in the Articles of Association of the company?

hello,

Our Company has delayed infiling form 17 with ROC.

We are making petition u/s 141 of the Companies Act, 1956 for condonation of delay in filing form 17.

Pls let me know after filing form 17 within how many days form 24AAA (petition) can be filed with RD?

Regards,
CS- Ami Sheth

Sir,

Thanx for your reply.
Sir I wanted to know that after joining industrial training, will I be able to get leave for my Final exams as directed by ICAI for 3 months? Please tell me the leave criteria in Industrial training..


Thank you sir in advance

Sir Please Help me for fill the PAN application,
What is the Area Code, AO Type, Range Code & AO No of ITO Ward -2 ( Hospet - Davanagere)

IS this TDS is applicable on interest due on loan but not paid the same from last 3 month?