any body tell me that for the year 2008-09 bank audit is allotted or not?

if company paid excess bonus and after that they deducted excess amount and transfer to theres loan a/c so the amount transfer to loan a/c or excess paid of bonus amount is taxable or not

A PERSON WANT TO FILE THE RETURN U/S 139(4) FOR PR. YR. 2006-07 HAVING TAXABLE INCOME BELOW THE EXEMPTED LIMIT. SO IS THERE ANY CONSEQUENCES ARISE U/S 271 (F)FOR PENALTY OF RS 5000 FOR SUCH FILLING OF BELATED RETURN.

A PERSON WANT TO FILE THE RETURN U/S 139(4) FOR PR. YR. 2006-07 HAVING TAXABLE INCOME BELOW THE EXEMPTED LIMIT. SO IS THERE ANY CONSEQUENCES ARISE U/S 271 (F)FOR PENALTY OF RS 5000 FOR SUCH FILLING OF BELATED RETURN.

pls know to me which amount is taxable for income tax purpose

If A pay loan by chq. Rs. 1 Lakh to B. Now B wants make repayment of loan by cash in installment below Rs. 20000/-. Is it allowed under Income tax or not ?

Pl I want full knowledge of options & futures.
How to trade in stock exchange and methodology and how to buy and sell in the online trading account

Pl help me

Regards
B V Gopinath

Hiiiiii,

1)can any body tell me whether Service tax is Applicable on Sale of Fish Aquarium.

2)At what amount f service a person will have to apply for service tax no.

Thanks

Sandeep

Sir,

Our Company is a Sole Proprietor firm. We are rendering services for Bunker Fuel oil Barge owners at Chennai and Ennore Ports. Our work relates to various services rendered in connection with supply of Bunker fuel oils through Tank Barges to various ships coming to Chennai/ Ennore Ports. We have been charging our service charges as Agency Fees. Our Principals were making TDS under Sec 194C of IT Act.Though we are rendering the same service oriented work, since last month we are being charged at 11.33% which is applicable for professional work under section 194J. In this connection we found from your Expert reply dated 23rd Dec,2007 & 25th Dec2007 that even Agency Fees or any work done in shipping / handling attracts only Sec 194 C & hence TDS is only 2.265%. We request you to kindly give us your Expert advice in this matter.
Thanking you for your advice and with best Regards
Jude Vallabadas

Hi,

when we pay to NRI on account of Consultancy fees the TDS rate applicable is 30 or 40 % as the case may be.
but mistakenly we have deducted @ 11.33 % as any domestic company.so now what shoud be done on account of TDS return.
further we dont have any PAN no. of NRI consultant so when preparing TDS return what to enter in PAN Colum ?

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