A J Sankar

Is there any requirement to deduct tax at source on frieght (which is showed on the invoice)while purchasing the goods.
Please explain all possible situations in which TDS is required.
like:

1.Purchase price include frieght(not shown seperately on invoice
2.seperately shown on invoice

Whether is it required the seller and transporter be the same to deduct tax.
If not same on which amount the TDS is required.(ie is on transporter bill attached to invoice; or on the amount mentioned on invoice as frieght.)


Ravi Prasad
15 May 2009 at 11:09

tax Audit

dear all,
Whether recovery of bad debt included in the ambit of income for the purpose of tax audit u/s 44AB ? And any other inclusion/exclusion of income for this purpose ? Kindly give the section reference too..
Thanking you.


A J Sankar

One of my client is a service provider ( software developer). He purchased computers and other office eqipment on which excice duty also levied. Can he take credit of excise duty.


RAM SAINI
15 May 2009 at 10:41

GTA & GTO

IF AS PERSON HAVE TWO OR THREE TRANSPORTING VEHICLE AND DOING THE TRANSPORTATION BUSINESS BY THEM AND RAISING THE BILL WITHOUT SERVICE TAX

AS A SERVICE RECEIVER HAVE WE TO PAY THE TAX ON THAT ?????

HE IS OWNER OF THE VEHICLE AS WELL AS USING THE VEHICLE FOR BUSIESS

WHTS THE DIFFERENCE BETWEEN GTO AND GTA


PLEASE ADVICE


Abhishek kumar agarwal
15 May 2009 at 10:22

TDS

Is TDS deducted on Assesable Value including Srvice Tax or Excluding Service Tax.
Ex-
Value os service Rs.10000/-
Service Tax Rs.1036/-

So Assesable Value would be Rs.10000/- excluding Service Tax OR Rs.11036/- including Service Tax.

Please reply soon.
THanks and Regards
Abhishek Agarwal....


CA Balakrishna Bhat
15 May 2009 at 10:15

monitory limit U/S 44AB

Whether Monitory limit prescribed u/s 44AB (a) & (b) i.e. Rs 40L & 10L respectively is businesswise or assesseewise.
(ex an individual having several business which individualy below the limit and cumulatively crosses the limit)
Any circular, notification, caselaw etc for this issue


Amit Deokule
15 May 2009 at 10:07

Minimum Directors for PVT LTD Co.

Dear all,

URGENT!!!

I am working in a PVT. LTD> Company which is a wholly owned subsidiary of foreign company and they are having one foreign director and one Indian Director on the board.

MY Question is- as per companies act- we should have min. 2 directors on board,but it is no where mentioned about the above scenario- then would it suffice campanies act provision in this case OR the indian company should have two Indian directors compusorily?

Regards,

Amit Deokule

Regards,


om prakash yadav
15 May 2009 at 10:02

sec. 40A(3)

what is the treatment regading payment of salary paid in cash amound exceeding Rs. 20000


CA. Pardeep Jha
15 May 2009 at 09:56

TDS

Can CA deposit online TDS of the client. or the assessee is required to pay TDS through his own online banking A/C. whether the CA can receive the sum from the client into his own a/c and then pay TDS through his own online a/c. is there any notification that the assessee is required to pay TDS from his own a/c.??? plz clear......


Amit Deokule

Dear All,

VERY URGENT!!

I would like to know about the Tax we deduct on Maintenance Charges of Office Premises.

We deduct Rent tax on rent for office premises then what would be the tax treatement for maintenance charges.

There are some controversy about this, so would like to know the % of the same.

It is URGENT!!!

Regards,

Amit Deokule






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