as my mother takes tution on science at home does she have to make registeration and apply for service tax number even if the annual collection from tution is below exemption limit in the particular year

Dear Sirs..hope you all would be fine.

Telephone companies like Airtel, Reliance, MTNL etc. are service provider and covered under service tax laws. Being a service provider they are working like a contractor and / or other category as per under Income Tax TDS Laws. So my query is why a telephone / service user is not liable to Deduct Tax at Sources under Income Tax Laws on payment made for telephone / mobile bills??

Dear All,

TDS payment has been made twice but it has been deducted only once from the party. So now what is the soluion for this ??

Regards
Hitesh Khona

Dear All,

Case Scenario:-

TDS of A company is deducted but the PAN No written is of another company and the another company has already got the credit for the same.

Now what should I do so that the credit is given to the correct party

Reply reqauired urgently
Regards
Hitesh Khona

Business income of an assess is Rs.70,00,000 (Seventy Lakh) from his 2 businesses, from business XRs.36,00,000/- & business Y Rs.34,00,000/-. Is he liable to audit his books of accounts & how he will fill his 2 businesses Details in one Sheet of ITR- 4 in Part A- of Balance-sheet and Part B- of Profit & Loss ?

The facts are as under:

1. I am the auditor of X Pvt. Ltd., who has pledged certain investments (shares in listed company) owned by it, to secure the debt take by its sister concern A Limited.

2. A Limited defaulted, consequently the lender of A Ltd. sold off the investments belonging to X Private Limited to recover its part debit.

The Query is:

1. What treatment should X Pvt. Ltd. give in its books and why? that is should is show as Sale of Investment or continue to show investment.

2. At what price should X Pvt. Ltd. show sale of investment (it also do not have the details as to the price at which the lender of A Limited has sold the investments)

Thank You

Can a private limited company has its main objects as trading in shares? whether it is considered as NBFC? Does it require any specific santion / capital requirements before commencement? Or else the treatment is same as any other private limited company?

How many total exams do we have to give in pcc exam......

Dear experts,

My attempt of Final is in Nov. 2010. My query is which subjects should start preparing now? Is studying IDT now is waste of time as I came to Know that paper is based on amendments?? Pls guide

Thanks

my mother takes tution on science at home .is she required to collect the service tax and deposit the same to govt.is there any regulation for the same.