One of my client a private ltd is freight Forwarding Agent who takes cargo of their client from India to be sent to the warehouse of Importer factory outside India. Necessary formalities are carryout at port of India by my client and other formalities and payments are made by the agent of respective country in its currency. After completion of this job, my client is required to remit the sum which his agent has spent plus agrred amount as brokerage/Commission or share of profit.
IS TDS require to be deducted on such remitance??? if yes provide the exact provisions of I T Act

What are the condition of service tax in which the receiver has to pay service tax on the transport organisation sector.

i hav 2 doubts
1.For eg am a cab operator who picks up n drops the employees of a unit in a SEZ.As per this notification should i charge service tax in my bill???? My contention is that i don have to cuz the employees are engaged in performing the export oriented jobs.This in turn will help the nation to get valuable foreign exchange n so no service tax should be charged.Please temme if am rite.
2.Also temme if der has been any amendment to this notification

can i take transfer anytime from firm if i want what r the procedure

Dear Sir,

Can you explain ,e the detail procedure for opening an inland LC? Also provide me with the list of charges to be paid at the time of opening & closing of LC.

Hello sir,
Can you suggest me that where we register a Proprietorship and Partnership firm, and how.
Thanks

while making payment to non residence, section 195 of income tax act makes it compulsary to deduct the income tax (tds) on the foreign remittance. where as sectin 115 A of income tax act specifies that the rate of tds deduction will be deducted and the rate of 10 % is given their in, where the agreement is made after june 2005 and that the agreement it it relates to the matters of industrial policies than the agreement is in accordance with that policy.

here i want to know what is the industrial policy, and what are its containts.

Thanks.

Profit / Loss on the transaction under F&O ( Future & Option) are the Speculative Business or a Normal Business Income.

Can this Income / Loss be setoff against the income.loss of other business income. ?

Dear friends,
As per AS -26, intangible assets Preliminary expenses are to be claimed in the first year only.
& as per Income Tax to be claimed in 5 equal installments in 5 years.

Then why we some time time see the Preliminary exp. in the debit side of Balance sheet, if we are claiming in one year only as per AS -26.

Fact of the case

Lease Priod 30 Years
T&C Renewual of lease at expiration for furter five year at the descrition of lessor.

Q: Please clerify me whether the capitalization of lease Premium paid at initial stage will amortize during 30 year?

and

what accounting treatment will be done for

-Annual Lease rent
-Annual Maintenance Charges

Whether ICAI has issued any clerification or guidance for accounting of leasehold land?