Can a Professional become diretor of a company without shareholding and what are the provisions applicable to it.

Dear Sir,

Our Client (a pvt ltd co.) has purchased a customization software from US Co., now we have to made payment for this.

Whether our client has to deduct a tds u/s. 195 ( payment made to non resident) or not.

thanks & regards.

Hi....can anyone tell me whether herbal medicines are subject to excise duty? if yes, what is the rate applicable for herbal medicines?

SIR,A PLANT AND MACHINERY W.D.V AS ON 31.03.2013 RS.20.00 LACS RE VALUED AT 30.00 LACS
PLEASE GUIDE ME HOW THE ENTRY OF RE VALUATION AS WELL AS DEPRECIATION WILL BE PASSED IN THE BOOKS?

if a company carry on both type of restaurant
Quick service restaurant(QSR) and casual dining restaurant(CDR),
Can company not take cenvat credit of input services used in QSR on the basis that outlet(OSRs) does not have any output services?

THE PROVISION OF FORWARDIND THE BANK STATEMENT OF TRANSACTION TO ITD BY BANKS IN CASE THE CASH RECEIPTS /PAYMENTS EXCEEDS 10LAKHS IS APPLICABLE IF PARTY DOES NOT WITHDRAWS THE AMOUNT BY CASH BUT BY SELF CHEQUE AMOUNTING TO RS.1500000????
PLEASE REPLY

My income is beyond taxable limit for assessment year 2013-2014, but to avoid TDS on bank interest, I had filled form 15G due to lack of knowledge, so bank has not deducted TDS, now I want to pay income tax on bank interest which I have earned during financial year 2012-2013, now what should I do? Under which category I have to pay the tax and how to state it in ITR-1 for assessment year 2013-2014.

namaste all,
Mr. ABC a manufacturer supplying engineering items to defense industry (govt) where as defense is giving excise exemption certificate to ABC for not charging excise duty to their supplies under notification 10/97 C.E. (exemption to research institution),
Now C an ABC Avail the same benefit on his inputs from excise duty by his suppliers using the same exemption certificate or is there any other way to claim excise duty paid on his inputs

We are the exporter of Chemicals. We purchase input and pay service tax on transport under reverse charge. Can we claim exemption of this service tax under benefit of export or claim rebate. If yes what is the formalities we should comply for the claim of this exemption/rebate.

Mr. X, a Non Resident has sold a resi. property(A) in FY 2012-13 and earned Capital Gain of Rs.70 Lacs. Mr X already owns another resi. property(B) in India. Mr X wants to invest his capital gain amount in order to claim exemption.
No the query is:

1. Is exemption u/s 54 is applicable to a Non Resident?
2. If Yes for 1. , then can he claim exemption if he invests the gain in another resi. property(C) when he already owns another resi. Property (B)?
3. If yes for 2. Then can he buy a property abroad and claim exemption?