A company is doing the business of mobile game development. This game is uploaded through an agent. The end customer downloads the game from the agents site. An agreement is executed between the company and the agent for the transactions. The downloads are happening mainly outside India. Net Income (after taking their commission) is transferred by the agent in INR to the company.

Advice whether the commission given to the agent will attract TDS under section 195. The agent is outside India and do not have PAN in India.

If so, can TDS be avoided if they transfer the net income in Foriegn Exchange.

A company is doing the business of mobile game development. This game is uploaded through an agent. The end customer downloads the game from the agents site. An agreement is executed between the company and the agent for the transactions. The downloads are happening mainly outside India. Net Income (after taking their commission) is transferred by the agent in INR to the company. The agent gives the details of the downloads country wise every month online.

Advice whether this transaction will come under Service tax. If so, will service tax liability be exempted as 'Export of Service'.

(TDS 194 j ) exempt upto 30000/-
if first bill amount 20000/- next bill 25000/- in a same year . in dis case 1st bill amount exempt from tds & next bill'll be charged know ?

HI,

If I am Giving Job Work Contract for Manufacturing. Can i Pay Excise on my Behalf While Removing Goods from There Units???

My Vendors are Just Small Units only doing Manufacturing Activity for me

as per 194j (TDS section) Upto 30000/- exempt from TDs, right ?

Is renting of crane without a operator is liable to service tax ?

In our case we own four cranes and out of four two are given on rent to saw mill for their work and all expenses were met by them and driver is not provided .They are engaging their own drivers and charging rent on daily basis.In such case whether service tax is applicable?

Ours is a new venture incorporated on 30 August 2012. Ours is a research based organisation and we do not expect any profit in the next 2 yrs. My queries:
1)How do we decide company's financial year?
2)By when should the first audit be done?
3)By when should the first AGM be held?

Dear expert.

Kinldy explian

1.Applicability of Companies bill.
2.Which financial year the passed bill will applicable.
3.Like income tax for 2013-14 wether companies bill 2013 is applicable.
4.Which provisions will explian the above.

Is there any definition given related to ITES (information technology enabled services) in any Act or law in India? If any IT company is situated under SEZ then what all activities are covered under SEZ like operational activities, finance activities, marketing or any other?

Hi,

We are two wheeler company. This year we had sold some Fixed assets on which profit and loss is incurred.
Please tell income tax treatment of loss and profit on sale of fixed asset.