Dear SHRI CA.BHARAT BHUSAN

Commission income is chargeble to Service Tax under "Business Auxiliary Services" if you are doing any work in India for which you are receiving commission then it will be Taxable services in India.

You can not also claim the benefit of Export of Services...b'coz the proceeds are not received in foreign exchange.

If the procdeeds are received in Foreign Exchange then it will lible for Service Tax or exemption.

CA. SURENDRA GANDHI

What is the procedure to incorporate a company?What are the forms required to incorporate a company?

Please tell me the procedure:

How we can register a partnership firm with the registrar of firms..
tell me the whole procedure..
Plz reply fast..

Anushree Bafna

Hi,

I am keeping book of A/c, I want to generate an entry systems where i am paying Lic premium. it should effect my Bank, Premium paid. Also keep a track of how much premium is paid for a Policy in total till date.

What are the entries should i do?

Can any one suggest the entries for this.

Thanks, and wiating for a reply.

In what case C form can be issued to a party within state.

sir,
my query is


Co. X paid advance tax of RS250000 in F.Y 2006-2007, in F.Y 2007-2008 RS 350000
TDS certificates in 2006-2007 RS125000 in 2007-2008 RS 150000. SELF ASSESSMENT tax in 2006-2007 RS100000 ,in 2007-2008 RS125000.FBT in2006-2007 RS 35000,in 2007-2008 RS 50000.Company recevied assessment order for yr 2007-2008 and no assessment order recevied for yr 2006-2007.Total tax piad in YR 2006-07 is RS 400000 , in FY 2007-08 RS 500000

my query is how we should pass entry.give me answer in JOURNAL ENTRY format.

thanking you

Hi,
I was trying to file the returns online using the utility provided by www.incometaxindiaefiling.gov.in .
I am a senior citizen and my income this year has been solely from insurance commission.
My doubt is what all worksheets in the ITR 4 excel workbook should I fill.
Also if i have to fill BalanceSheet and P/L, since mine would be an no account case(i think its no account case), then what exact amounts should i fill.
Also I believ i should be filling up the TDS2. But where all will the total amount i gained from insurance commisson be entered.

Regards,
Gouri

The Godown of A has rented out to B of Rs.72,000 & B is not using the same godown. B has rented out the godown to C. C is using the Godown & paid rent to B after deducting TDS @17%. How much amount B will pay to A & what is the rate of TDS (Here, A has made agreement with B to receive of Rs.72000 as rent. If the system is wrong what is actual system? Kindly reply.

We have deducted TDS @ 2.266 % in respect of payment towards Car Hiring and Crane / Forklift Hiring during the F.Y. 2006-07, 2007-08 & 2008-09.
Question - 1) Whether TDS is applicable under Section 194 C or 194 I (Where rate of TDS is 10%) ?
2) For Short deduction whether above said payments is disallowed under section 40(a)(ia) of the Income Tax Act ?

Dear All,

Where should arrears of salary received be shown in ITR - 2? Is it to be added with the salary or taken to some other head in the salary schedule?

Please reply at your earliest.