Dear All,

Please guide me for the following query :-

"A" is a manufacturer of goods and supplies to "B" who is a customer through "C" - an agent. The Invoice raised directly by A on B.
Howver, the freight is being paid by the C (Agent)- out of his commission, and he books the freight as expenses in his books of accounts .

"A"(consignor) & "B"(consignee) are not paying freight to the transporter.
"C" who pays the freight is neither a consignor nor consignee ? In such a case, who is liable to pay Service TAx ?

One of our claint having turnover 30 lacks, now my quation is that they not paid the service before 31.3.2009. it amounted to rs.125000. is that amount will amount is added to his proift or can we show it as o/s Service tax liabilty .

Hi
Can any body tell us how to create the brand name of a particular business and what is the procedure to follow in order to get the brand name registereed.
thanx

one of y client has deferred tax asset of rs. 45150/-. i They have not calculated it. They are of the opinion that since this is a small amount it is not required to be created. I want to know whether there is any limit to which AS 22 does not apply. I mean value wise.

A Civil Engineer working in Construction Co. receives the cheque(Amounting Rs. 22,000/month after deducting Professional Tax)from the co.(and sister concerns)against the salary .

However Tax is not deducted. Now the employee has to file return of Income.But he won't receive Form 16(which is quite obvious)from the company nor the company provides monthly sattement giving the break up of salary(basic,conveyance allowance....)

If the Income is calculated based on the salary breakup specified in the appointment letter,is it valid?

If yes, is there any need to submit any proof along with the return?

if i clears Ist group with 50% marks, & in IInd Group, gets more than 60% marks in a single subject with zero marks in another 2 subjects, can i still claim exemption.
e.g.:-
IST Group marks= 150+( passed as per icai's conditions)
IInd Group marks:
taxation - 60+
FM & cost- 0
SM & IT - 0

CAN I STILL GET EXEMPTION IN TAXATION.
Please advise me.
thanks


Nitesh Kumar Sharma
98936-68505
pcc- Nov.09

In my clients books some amount nearly 94Lacs is outstandig from 1999-2000. That was carryforward in Debtors which is o/s from Govt for the project.Last year it received 3 lacs. What treatment should be given to remaining Outstanding amount that amount it will be writeoff from books or it will continue as debtors.My client says it will definitely received but takes some time?and it was a Engineering staff training institute and it also carries Some Research for newly introduced schemes of govt.For that it receives fee!

As per IT Act Profit on sale of asset(when it is in Gross Block untill entire block disposed) is not recognised in books.But in companies such profit is recognised in books under the head profit sale of asset.I was confussed for giving treatment in my books(Engineering Staff college of India)?Plz suggest me!

hi
If a house property is partly used to let out and other part is utilised for business and profession by owner then what would be tax treatment if the whole house treated as business profession then what will be income from let out.explain briefly my another question arise after receiving the answer of this question

2)if the land is taken as lease and made a underground house then can that house trated as residential house becasue we know that in residential house roof is compulsory but the roof in this case is the upper land which is on lease


please explain briefly

thanking u in advance

:)

One of my client is a Ltd. O. My question is in CARO

1)Clause No. (xi) ; Company has taken CC from IDBI . Whether it is to be mentioned in this clause as IDBI is a bank and not financial institution.