Hi all

I wat to know whether a Propreitoship Firm is required to have tax audit i the name of the firm or in the name of the Sole Proprietor?

And if it is optional then what are the implications if the firm is auditted in the name of the sole proprieter in his return.

I AM FILLING ANNUAL RETURN.
ONE OF THE DIRECTOR OF THE COMPANY GOT DIN AFTER THE DATE OF BALANCE SHEET BUT HE WAS DIRECTOR IN THE COMPANY SINCE ITS INCORPORATION.

NOW WHEN I ENTER HIS DIN IT SHOWS IT AS INVALID BUT IN THE SITE OF ROC IT IS VALID

KINDLY HELP ME AS EARLY AS POSSIBLE

is TDS applicable for travelling and lodging expenses for consultants with bills & or without bills.

Is there any Service Tax applicable towards bill raised to a Foriegn Co. towards advt. space sold in an Indian publication?

The Foriegn company does have any base in India.

Is there any service Tax applicable on the bill raised to a Foriegn company towards advertisement space in an Indian publication ?

Hi all of you,
May i ask one question about interest on TDS.
so my question is :-
Suppos TDS Liabilities made for Parson but no PAN number so TDS Interest liabilities made from the date of applicability of TDS to Received the PAN number, so Interest on TDS libilities made or not.

Sir,

co. bought one Plazma T.V. of rs. 100000/- and one employee is using that in his home.
We are taking valuation of pequisite @ 10% of cost of T.V. as per valuation rules and company is taking Dep. @ 20%. hence Asset will be fully depreciated in 5 Year in the books of company.
my question is that while preparing computation of the employee after 5 year, valuation of perquisite should be taken bcoz
1. still he is using asset
or

Valuation of Perq not be taken bcoz
co. has fully Depreciated asset.


what is the general practice.

Do tell me your logic for your opinion.

Dear Sir/madam,
Service tax return is compulsory for those who are comes under service tax applicability, but there are some company who are not come under service tax applicabilty and paid huge amount of service. can these company claim for service tax amt refund.

1.commission received by a bank (Both own commission & commission of other Bank)on Bills/cheques for collection are credited to Profit & loss account
2. The bank pays a part of the commission to other banks which is involved in the collection of such instrument and such commission paid(Commission ceeded) are debited to Profit & loss account.
3. The Bank for the purpose of payment of service tax had netted the commission received & paid and the net amount only offered for service tax.
4.Now the audit party of the Central Excise Dept. has asked the Bank to pay tax on the entire commission credited to Profit & loss account with out considering the commission ceeded to other Banks.
5. is the contention of the Department correct.
5. Can any body give any citation on the netting of commission for service tax payment.
6.The commission received credited to P&L account also includes reimbursement of commission to other Banks and therefor the entire credit is not the income of the Bank

Hi, If Company send employee to out of India for 3 or 6 months & paying salary in india (with Convyqance allowance). he can get the convyance allowance exempt u/s 10 (14)for that period ?