we are not deducting TDS for 1st qtr becouse the bill amt. is less than 20000/- (for contractor) . is tds return compulsory .

there is no service tax for commerical rent.. any one please expain with case laws ... recently i saw one case law regardig this in the mumbai highcourt case....... it is applicable to south india also ......... thanks in advance for replying this mail.........

4 new services has been brought in the tax net
a) Transport of goods through Water :- to any person, by any other person, in relation to transport of (i) coastal goods; (ii) goods through national waterway; or (iii) goods through inland water.

Explanation.— For the purposes of this sub-clause,—

(a) “coastal goods” has the meaning assigned to it in clause (7) of section 2 of the Customs Act, 1962;

(b) “national waterway” has the meaning assigned to it in clause (h) of section 2 of the Inland Waterways Authority of India Act, 1985;

(c) “inland water” has the meaning assigned to it in clause (b) of section 2 of the Inland Vessels Act, 1917;

b)Transport of goods by rail,

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from when it is applicable...or from dt. of notification

Can i carry forward my unabsorbed business loss without setting off loss against business profit in previous year.

Is these compulsary to set off loss if i have profit in previous year, or for my maximum advantage can c/f the loss.

An Indian company procures orders for some electrical goods from, say US, and thereafter gets these products manufactured from Indian firms (located in the same state, say West Bengal)under its brand name and exports the goods to the US.

Whether the sale made by the local dealers to the Indian company is "Penultimate sale"? If not, what are the implication of this transaction as regards CST, VAT, Excise or Customs.

Please advice.

Myself and my friend are about to start a Pvt Ltd company. The project idea is the effort of both of us. But he is financially better palced than I am. Meaning he can put in more funds at the moment and even later when funds would be required. I need guidance in understanding as to what should be the shareholding of each of us in the company and the financial impact the shareholding will have. I also wish to confirm that we have a very good understanding and trust amongst us.

Dear Sirs,

Please advice how to do limited reveiw of a listed company and what areas to be covered.

Whether different no of shares can be alloted in different share certificate of a company.
Whether minimum ceiling is 1 share per share certificate and maximum ceiling may be any number of shares per share certificate.

Dear All,

(1) X employees joins in April-09 his salary is Basic=25000 HRA 5000 total=30000.
He declares investment of 75000 and again in July he declares investment of 45000. Can any one tell me TDS during the year WITH FIGURE Pls

(2) What is tax loss or liabilities if company pays total 30000 or give in breakup like basic 25000 and hra 5000. Why some companies are paying total amount instead of giving break up..
Awaiting reply.

2 zzb) Service provided by a commission agent located outside India and engaged under a contract or agreement or any other document by the exporter in India, to act on behalf of the exporter, to cause sale of goods exported by him.

The exemption shall be limited to one per cent of the free on board value of export goods for which the said service hasbeen used.

The above notification is not clear to interprete, say when 3% commission is paid, whether we can claim exemption on 1% and pay service tax on balance 2% .