DEAR EXPERTS,

I HAVE QUERY THAT MY CLIENT SUPPLY LABOUR FOR SOME KIND OF WORK AT PARTY LOCATION AND MATERIAL & ALL OTHER EXPENSES ARE TAKEN CARE BY PARTY. MY CLIENT CHARGE BILL FOR ONLY LABOUR PART
MY QUERY IS THAT WHAT IS SERVICE TAX IMPLICATION ON THIS TRANACTION.

PLS ADVICE

THANKS IN ADVANCE

ABC Education Trust carring XYZ Bed. College & EFG Commerece College and make salary payment to professor (employee)
my question TDS is Deducted by ABC Education or XYZ & EFG
ABC is regitered Education trust

I have received a notice for Income Tax Department on which no section has been mentioned (means under which section this notice is issued) which says

" As per 26AS/OLTAS it has been reported that you have entered into a transaction of Rs. XXXXXX during A.Y 2009-10 and it has been further reported that you have not filed your return of income for A.Y 2009-10"

but the facts are i have duly filed my Income tax return for the A.Y 2009-10 and it is also appearing in Income tax website and Intimation u/s 143(1) has also been issued and when i deposited the ITR, Compution of the same A.Y as a proof,they directed me to deposit some other documents (Bank statement , Property documents)or in other words they are doing assessment.


So what should i do.
Please suggest me, urgent

hi sir/mam,
this is mihir, i have completed my b.com with 80% marks and now doing articles. but my query is my commencement of articles date is 31st jan 2013 but i have completed my orientation at 12th feb due to unavailability of batches for orientation.... and i have enclosed the copy of orientation certificate with articles form.. and i have done my itt as well recently.... so can i eligible to write ipcc in this november attempt?

thank u very much

Dear Expert,
I had an query, If there are Co-owners of House property but the TDS is deducted only in one persons name so whether both of them should file their income tax return or the person who is getting TDS deducted in his name should himself file it.
OR If there is a mutual understanding and consent between them can the person on whose name TDS is getting deducted can only file income tax

Please help me in his earliest,

Thanking you

Dear Sir,

Excise is applicable on consignment stock transfer or not. As one company is ABCD (depot) & another is WXYZ. ABCD (depot) receive stock trf from his related name ABCD, pune, cuttak, jammu etc ( manufacturer units ). This condition excise is not applicable on stock trf bill. But then WXYZ which name is a different from ABCD. Transfer stock to ABCD on consignment based. Then excise will applicable on it or not?

Regard,

Rahul Kumar Mehra

Dear All,

If company gives Deposit to Land Lord, Or company gives advance to creditors but does not recover it.

(Entry : Landlord A/c------Dr
To Bank

Can company claim this as Bad Debts ?

or It is covered under any other head ?

(Because I think for bad debts, debts should be out of credit to P&L)

I'm running in 2nd year of my articles hp and I've took a continuous leave of 2 months till now due to some serious family issues. Now, the situation is I have take leave of another 3 months or so depending on when the situation gets normal. My question is what documents to be applied while seeking the permission for transfer after 1 year to the Inst. It's not a case of any medical issue or transfer of my parents, so what am I supposed to produce as an evidence?

We have two mfg unit both company name is diff. but directors are same.

We have supplied material one company to second company as cost price. it is correct, if not kindly send a case study.

Thanks

I am giving a gift of Gold Jewellery worth Rs. 5 Lacs to my sister. is it necessary for us to execute a Gift Deed.
I am asking from tax point of view, whether absence of gift deed would cause any future trouble to my or my sister like scrutiny etc.