We have certain employees posted at a oil digging site in case of whom they are required to work for 28 days without leave at site and then they go off for next 28 days to their home town, as per their terms of employment.

The company bears such chrages for their travel to and from the site to their home town. Should in this case the travel charges to and from the employees home town to site be treated as travel charges or be treated as perquisite.

Is it necessary that an assessee who has a TAN should file the prescribed quarterly returns even though there is no deduction of tax. To be more clear,is he duty bound to file a NIL return?

In 40a direct taxes are disallowed
in n rule 6DD(b)adverse of the above is stated I m comfused?

What is treatment for input tax credit on capital goods for a manufacturing company.... Can it be adjusted against VAT liability.. Plz explain...

A Partnership Firm is purchasing chemicals from a limited company which is sold in transit to another entity i.e sec.6(2) sales the format of invoice is follows:

Basic Price xxxxxx
Excise xxxxx
Education Cess xxxxx
H.E.C xxxxx
Sub-Total xxxxxxxxxxxxx
CST xxxx
Sub-Total xxxxxxxxxxxxx
Freight xxxx
Grand Total xxxxxxxxxxxxx

The Freight is paid by the buyer.

There are two questions:
1.Whether Tax is to be deducted u/s 194C for the freight paid?
2.Whether the buyer being not the consignee is liable to pay service tax under Transport of goods by road as a service receiver.

My Client deposit his income tax advance on12-03-09, but wrongly entered a.y 2008-09 instead of 2009-10. Pls give me solution what can i do ?

As per the recent Delhi High Court order , the service tax on renting of immovable property has been held uncostitutionaland a stay has been granted to the renters.
Does that mean that we can stop paying service tax to the govt.???
We are the landlords and our tanents has refused to pay the tax as it is not in our lease agreement and that time this tax did not exist.
Please advice if we can stop paying from our pocket and what could be the consequences????

What is the accounting treatment for repairs due to an accident on vehicle used for the purpose of company and subsequently some amount recovered from insurance co.

i was doing audit of pharma. co. which is sole proprietor and here i found that the proprietor had purchase 4 motor vehicles which is maruti wagonr, toyota innova, honda accord and vehicles. all these assets use for business purpose.

now i want to know is all these vehicles allowable to a single proprietor for depreciation.

Please tell me , for which services Service tax registration is compulsory and what is the procedure? Is there is any limit like Rs. 8lac gross income?