CA Lovenish Bansal
29 April 2009 at 14:38

EPCG Redemption

Please tell me procedure of redeeming EPCG License. What forms has to be submitted?

Thanks
Lovenish Bansal


kunal
29 April 2009 at 14:32

GIFT

Can i receive gift as immovable property(Comercial) from my dad on my birthday. will there be on clubbing provision applicable.
Can i receive in same way cash.


Jairaj
29 April 2009 at 14:27

form 16 and form 16A

Sir,

for financial year 2008-09 TDS deducted and paid for which we need to issue certificates.

Now the certificates should be issued in new format or old format?

if new format what should we mentioned in column of UTN - as we didnot receive any unique number from income tax department.


R.Purna Ch. Achary
29 April 2009 at 14:25

Custom duty avail Benefit

Our Company import raw material from abroad
and processing and make into finished product. these product sale to other company. But purchase co. want duty draw back repot. so our company giving detail of duty duty draw back report. Can our company avail some benefit from that company. Can Our company claim some benefit of that company.
If Claim which sec. he can claim ?
R. Purna Ch. Achary
Jr. Finance Officer
DAESUNG ELECTRICAL INDIA PVT. LTD


CA.CS.V.Viswanathan
29 April 2009 at 14:23

TDS u/s 195

A Private Company which is a 100% subsidary of Sigapore based company (parent company).There was a LC(letter of Credit) opened by the parent company for the forex remitance by the indian company,
The Commission paid by the parent company for opening the LC, is collected from the Indian Company by rising a Debit note.Does the payment to Parent company attract TDS u/s 195 or other sections?
2.Is TDS u/s 195 is payable only when the payment is made?


CA.CS.V.Viswanathan

Dear sir,
When we open a Letter of credit with bank , the bank charges some commission do we have to deduct TDS on the Commussion amount paid?


RAJKUMAR
29 April 2009 at 14:04

Service Tax

Dear all,

Kindly send me the Payment Code for following Services

1) Business Auxiliary Services for ST.
Payment 10% 2% 1%
2) Goods Transport by Road for
ST.Payment.
10% 2% 1%
3) Renting of Immovable Property for ST
Payment 10% 2% 1%

Thanks in advance
Rajkumar Shinde


Anirudh Daga

Hi
Can please anyone let me know whether service tax is applicable on website & software development services and if so then are their any services on which service tax is not applicable i.e on domain & hosting fees, software development fees, web designing fees etc.
Thank in advance
Anirudh


M.R.KANNAN

Incorrect TAN of tds deductor was supplied in the I.T return filed by an assessee for Asst yr 2008-09. The assessee received a letter from Director of income Tax (Systems) pointing out the mistake, because of which credit for tds relating to the said deductor claimed in the return was not being given. The assessee was advised to correct the mistake to get credit for the tds.

How the assessee is to go about in correcting the mistake? Is he to file a revised return, giving the correct TAN?

In this case, return was filed u/s 139(4), beyond due date mentioned in Sec 139(1), which disentitles him to file a revised return also. What is the remedy available?


DEEPA LULLA
29 April 2009 at 13:33

TDS

If TDS Payment for the month of May-2008 was paid on 7th July,2008 without Interest, So when the Interest is Liable to be arise?





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