Dear Friends,
For our companies Annual Day Celebration we have hired a DJ (Ochastra) for Musical Night.
Whether we have to deduct TDS in Section 194J or 194C?

Sir,
My client is a retailer in readymade garments filing return u/s. 44AF @ 10% net income on turnover,since last 5 years. Survey conducted at the premises of assessee. stock short found by Rs. 10 lacs during survery. No cash found, no other objectional documents found. The gross profit rate is 30%.
What will be the consequences? Whether AO can add entire 10 lacs or 30% of 10 lacs as G.P. or 10% of 10 lacs as N.P. as the assessee file return u/s. 44AF? My client is not ready to offer any additional income, as per his say the department has not counted the stock properly, What stand should I take? What submission I should make?

I have 2(A&B) properitorship concern.B business is closed on 31.03.08. But B have rceivables as per books of accounts as on 31.03.08. B's receivables received in 2008-09. A&B have separate bank accounts.I have purchased commercial Motor Vehicle for business use in 2008-09 in the name of A comcern.But EMI of that vehicle paid from B's bank account.In this situation receipts(EMI) from B's account i treat in books of accounts A as a capital addition.

Hello,
I would like to know if deducted more amount as tds then excess amount could be adjustable in next deduction means if i not deduct tds in next bill it is acceptable?

In hotels we will have to charge the luxury tax on room rent. So service tax would be taken on gross amt.? Simlarly the vat on f&B sales is taken and service tax is taken on gross amt.? During construction the bill I pay attracts Excise payment and service tax element. so can i take input credit of both (i.e. excise and service tax element). In how many years I can take input credit(i.e. of service tax and excise).? Please guide I am juggling between statues...

In hotels we will have to charge the luxury tax on room rent. So service tax would be taken on gross amt.? Simlarly the vat on f&B sales is taken and service tax is taken on gross amt.? During construction the bill I pay attracts Excise payment and service tax element. so can i take input credit of both (i.e. excise and service tax element). In how many years I can take input credit(i.e. of service tax and excise).? Please guide I am juggling between statues...

A fire occurred at manufacturing plant of a firm on 1st jan2009. The machinery was fully lost. Insurance claim received on 30th April 2009 for 80% of the value of lost machinery. What would be the treatment for these events in the accounts for yr ending 31.03.2009

If i received commission on export sales, is it liable for service tax?

In case of transaction with ASSOCIATED ENTERPRISES service tax need to pay on accrual or receipt whichever is earlier. However please advise while determining service tax liablity whether service tax credit on unpaid items can b adjusted or not.

Hi all,

We are manufacturer of any item in India and exporting goods outside India to various parties as under through an agent e.g. MR.X who is a foreigner, We are paying Commission to Mr.X for Sales done to various parties in India and abroad.

What is the rate of TDS for commission paid to such agent ?

Whether we can pay Foreign Currency as commission to Mr.X ? How?

If there is no TDS on Commission paid to Foreign agent as per Income tax circular no 786 dtd 07-02-2000

Any threshold limit of percentage of commission for paying to foreign agent ?

or

Any threshold limit of commission in INR for paying to Foreign Agent ?

Whether we have to do an agreement or MOU with the foreign Agent or not ?

Please guide me at the case is urgent.

Thanks