Hiren Keshwala

Wheather the service of repairs and maintainance of windmill fall under the section 194C(Contractors and sub-0contractors) or 194J(fees for professional and technical services) for the purpose of TDS deductuion?


Rakesh Parmar

If the financial position of the Co. is not good, can director purchase Car in its own name and show the car loan and car in the books of Co.? I heard there was notification regarding same.


Vipin Kumar Sharma

WE ARE MGF CO REGISTERD IN EXCISE, WE RAISED A DEBIT NOTE AG RATE DIFFERECE TO OUR SUPPLIER(MFG & REGISTERD IN EXCISE) & CHARGED EXCISE DUTY. SUPPLIER IS DENIED TO PAY EXCISE DUTY. PLEASE TELL ME IS IT EXCISE DUTY APPLICABLE ON DEBIT NOTE, PLEASE TELL WITH SECTION SO THAT I CAN GIVE PROPER REPLY TO MY SUPPLIER

THANKS & REGARDS


james
05 March 2013 at 13:07

Cash payment more than rs 20000

we are doing payment of more than rs 20000 in a day to a single party in cash for purchasing a diesel.

whether the above expenses will be disallowable as per income tax act.

they do accept A/c payee chq. so we r doing cash payment.






Anonymous
05 March 2013 at 13:02

Surrender of service tax

last year i registered in service tax, but i didn't get that type of service. so i want to surrender of my service tax registration. so i required board resolution of company.and affidavit . so there is any body send me the format of board resolution and affidavit.

also tell me ... i have not filled the returns of july- sept.. so what is the procedure please guide me ... its urgent



Anonymous
05 March 2013 at 12:57

Regarding form no 112

I have submitted form 112 at the time of registration for articleship for pursuing ICWAI Inter,but at that time i haven't registered for it.Later on i received a letter for resend form 112.since i have not yet registered for inter at that time i have not send form 112 again.After 9 months i have registered for CWA Inter at that time if i send form 112 any late fee charges are applicable or not?
Please reply....


prithviraj mohandoss
05 March 2013 at 12:49

Tds on aggregate value

TDS in respect of Contractors/Subcontractors under 194C to be deducted If sum exceeds Rs. 30,000 or Rs. 75,000 in aggregate in a financial year. Does TDS has to pay along with interest considering for previous billing (sum of 75,000)


pankaj

Hello,
I would like to know if the Housing loan Interest and Principal repayment is exempt while the property is underconstruction and the possession is not yet taken.

whether it can be considered for deduction under the head Interest on Housing loan.

regards

pankaj


prithviraj mohandoss
05 March 2013 at 12:40

Tds on aggregae value 194c

respective vendor bills were crossed aggregate value of Rs.75,000 in particular FY , will TDS deductor has to pay TDS along with Intrest....




GUNEET
05 March 2013 at 12:37

Deemed dividend

Dear Experts,

The facts of the case is as follows.
Mr. A & Mr. B are 2 individuals, both A and B hold 20 % shares in C Pvt. Ltd.
Moreover, there is a company called D Pvt . Ltd. where in both A & B holds 50% shares each.
Now C Pvt. Ltd. wants to give loan to D Pvt. Ltd.
My Queries are
1) Does this proposal attract the provision of Deemed Dividend u/s 2(22)e , if yes on which amount??
2) What is the best legal route to escape the incidence of deemed dividend.

Thanks & Regards






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