Our company is importing plant & machinery for upcoming project. For this we are paying ocean freight to an indian company. The company is giving bill in US$ and we are giving INR after converting USD. Now my question is whether we should deduct TDS U/S194C for paying ocean freight?

Dear All,

What is the provision regarding service tax on rent.

If one partnership firm whose partners are directors in one company gives its premises to company on rent than service tax is applicable or not. Please give reason for that.

Please guide me can we Fix 6500 Rs. as basic for PF Calcullation ( For All Team Members) Take a Example
Ram is working as a GM his Gross Salary per Month is Rs. 90000/- Can we fix 6500/-Rs Basic if he is intersted in PF
or we have to take permission from PF Dept.

Regards,
Lalit Kr Sharma

Any law proof for pf deduction not mandatory if basic salary is more than rs. 6,500/-. we are deducting pf maximum on basic rs. 6500/- however basic is 10,000/- or 15,000/- but we have consider 6500/- only. Maximum PF Employer contribution in any basic above 65000/- we are contributing only max 780/-. Is it ok as per pf rule.

Regards,
Lalit Kr Sharma
Applect Learning Systems Pvt. Ltd.

I m having a Query that if a person has taken Sahara deposit scheme on deduction is not allowed and the amount is paid on monthly basis for 4 to 5 years .payment is made through cash.But the maturity amt. received is through cheque. I want to know that whether i should calculate the interest on this scheme and show it in the return as Interest Income or any other suggestion.
Please provide me the best option .

I m having a Query that if a person has taken Sahara deposit scheme on deduction is not allowed and the amount is paid on monthly basis for 4 to 5 years .payment is made through cash.But the maturity amt. received is through cheque. I want to know that whether i should calculate the interest on this scheme and show it in the return as Interest Income or any other suggestion.
Please provide me the best option .

Sir,

One of our Clients’ is using Straight Line Method of Depreciation as per Companies Law. This is the second year of their business. They have debited a portion of the asset with a certain sum of money and we are treating it as deletion. Now, how should we calculate depreciation for the deleted asset under SLM ?

So here is the situation, have around 30 lakhs to invest in India. Me, NRI with retired parents. What are my options with minimum tax implications to me and my parents.
Best suggestion will get awarded in cash through paypal.

May the suggestions flow!!!

Income of a co-operative society engaged in certain specific business activities such as providing banking or credit facilities to its members, cottage industry and others...., is fully deductible.
However, the provision of this sction shall not apply to any cooperative bank other than a primary agricultural credit society or a primary cooperative agricultural and rural development bank.
Is benefit of this section available to Cooperative credit society engaged in providing banking or credit facilities to its members?

Sir,
One of my Clients who is a non resident in UAE has sold goods to Indian Company for 15 million dollors.and now the company wants to make payment for the same.
My Question is that will tax be deducted for the payment of goods and if so which section is attracted.. Also if there are any RBI Regulations of the same.

Thank you.