As per Indian Stamp Act, 1899 Revenue Stamp to be affixed is mandatory in nature u/s 2(23) of the Act, on receipt of above Rs. 5000/-. please let me know the consequences of it, If the law is not followed.

If freight bearer whether consigned or consignee pay service tax directly to GTA. It is violation of rule [(1)(d)(v)]. If is violation of law then please let me know further remedies of it.

Dear friends,

give me suggestion for submit return A.Y 07-08 & 08-09.can i submit this return today's date, return was nil, if any fine to delay of return.

can i submit this return online,those get any problem for me.

thanking you,

Dear Members,





I have filled 26Q for all quarter but NSDL site displayed wrong challan number. becase of wrong entry they didnt book my return so that i am eligible for revise it

but my problem is which challan number i can display in revise return.





Thanks in advance

A SENIOR CITIZEN IS HAVING A DDA FLATS WORTH RS. 50-60 LAKHS AND EARNING HOUSE RENT INCOME OF RS. 6,000 PER MONTH FROM LETTING OUT ONE FLOOR OF IT.

NOW HE WISH TO TRANSFER IT TO HIS DAUGHTER-IN-LAW. WHAT ARE THE WAYS AVAILABLE TO IT SO AS TO TRANSFER HOUSE TO HIS DAUGHTER-IN-LAW WITH LEAST MINIMUM CAPITAL GAIN.

CAN HE TRANSFER IT FOR RS. 2-3 LAKHS IRRESPECTIVE OF SECTION 50C OF INCOME TAX ACT, 1961.

THE PURPOSE BEHIND TRANSFER OF PROPERTY IS TO CURVE TAX LIABILITY.

So for receiving gift in kind is there any specific procedure or i have to make transfer deed.

Thank You.

Q1)a refundable deposit cannot be included in rent received or recievable.The notional interest on refundable deposit can form a part of rent received or recievable when it is received to compensate short payment or non payment of rent can u tell me what is notional interest and pls clarify this with suitable example.

Q2)deduction on interest on borrowed capital is available even if neither the principal nor the interest charge on property i didnt understand what does it mean can u clarify this point

thanks in advance :)

kindly advice & guide me about the following foreign remittance process

1) Documentation required for making foreign remittance
2)what document require for remittance
3) Different type of foreign remittance
4)withholding tax rate on various type of
transaction ie. royalty,technical fees
interest, dividend
5)whethere TDS is chargeble on reimbursement of exp to foreign company
6) rule & regulation of foreign remittance
7) pls explain documentation for FORM A1 &
FORM A2


pls reply with details notes & soft copy of file to refer the process

Hi

I am a C A final student, doing my articleship at Bangalore.
I will be writing my exams in May 2010, when it is best suitable for me to take up the Indirect Tax subject coaching? i heard that there would a quite a number of amendments in the law by the time i take up my exams.
Plz help on the above matter.

The company whose audit i m doing pays to a contractor who provide workers like security guards, gardener etc.
for march the company has booked the expense for workers on contract.
The company has not provided any TDS on such bill.
They are saying that they will provide Tds for only those provisions whose bills are fix & confirmed and party to which it has to be paid is also confirmed. They are saying that the bill of the labour supplier is not fix as they will get the bill after the contractor deduct the amount for the leave of the workers.
Are they correct in doing so?

Are they correct in saying that the Tds on provisions is to provided only when the bill amount is fix and party to whome it will be paid is fixed?
Plz Reply. Urgent.