hey hi,
here s sandeep cn anybody pls help me s thr ny amendments in pcc may 09, as such i heard thr r sum increase in deductions and dedn. u/s 80 e has been omitted from the course cbn nybuddy help it out,
and cn any1 pls tell wat 2 do with articleship now and wat will be the procedure for this and wen vl mine ca final attempt be held

Deal Experter,
Ihave doubt i.e"If A OF Bangalore sold goods to B OF Chennai order comes from Chennai But goods are delievered to Bangalore Branch But in invioce it shows TIN Number of Chennai office & it is an C Form sale" Please Suggested me weather CST or VAT Charged by A.

CASH PAYMENTS EXCEEDING RS 20,000

1)If the company is making cash payments exceeding Rs 20,000 (at one stroke for 2 bills)to employees for their petrol reimbursement, what are the legal implications ?
2) further, in such (above mentioned)cases, is it mandatory for company to affix revenue stamp on cash payment vouchers ? If co does not affix, what are the legal implications ?
3)Is there any circular stating that co reimbursing to employees, need not have ravenue stamp affixed, for cash payments exceeding 5000
Pl revert at the earliest

Sir,
i my co. i had seen a debit balance in some of the Directors name(Under Unsecured loan a/c).
The Co. had paid to 3rd party Rs 10lakh, Which is actually a short of Personnel liability of Director.
THE ENTRY is:
Director a/c Dr 100000.
To XYZ & co. 100000.

Will this attract the sec of Deemed dividend.(if yes then how & if No then why)...Plz sir help me out...
Thankyou Sir.

could u plz tell me the date of pcc xams may 09 and when exams forms will avaiable for sale at ICAI

My client is running business in a partnership firm. The firm has 4 partners and does not have any Staffs and Workers. Is the firm liable to pay FBT even in the absence of Staffs and Workers of the firm.

Hello everyone.



please tell me for the proccedure to start of new pvt.ltd.company.

A private Ltd Company into 100% Export of Softwaer/IT enabled services Since no Service tax is payable export of Service Tax paid by it on various input Services like internet Leasline Expences, Telephpne Exp. & Proffosional charges etc.

a company is deducting TDS for a contractor on bill to bill basis. however now the total transactions with the said party has crossed Rs 50,000. Now my question is whether TDS has to be deducted on all the bills irrespective of the amounts or not??? Please help.

Our company provides commission to foreign agents for getting the construction contracts abroad. As per the agreement, whenever Running Bill of contract invoice in respect of such oversees contracts are raised, the agreed percentage of commission on contract value is accounted for on the proportion of such RA bill. Such commission is accounted for on the basis of current exchange rate basis.

However, at the time of payment of such commission, the company has to pay more and sometime, less also. For example, the company has booked sale invoice of Rs. 10 lacs dollar upon which commission was booked @ 5% viz. 50,000/- US dollar @ Rs. 45 per USD. Therefore, the commission was booked at Rs. 22.50 lacs in accounts. However, at the time of actual payment of such commission, the rate of USD was Rs. 46 and therefore, the additional Rs. 50,000/- was accounted for under F/E fluctuations A/c.

Now, since such commission is covered under business Auxiliary Service, the company will have to pay Service Tax U/s 66A of Import of Service.

Please reply whether the company should pay Service tax on Rs. 22.50 lacs only or should pay on additionally paid Rs. 50,000/- also. What would be the case, if the rupee improves against dollar and company pay commission of Rs. 22 lacs @ Rs. 44/- per USD. In such a case, should company pay Service Tax on only Rs. 22 lacs.

Please study and reply the same and substantiate your reply on the basis of Rules or regultations issued under Service tax or any cout pronouncements.