workshop owner, working boshpump repairs
seeking vat registration, sales purchase of spare parts not one lac severny thousand, labour charges charged more than four lacs the total five lac seventy thousand, is it possible to have the vat registration, works contract registration, or not liable pl clearify the confusion.maharashtra pune

I read that sitting fees paid to directors would come under purview of 194(J).The reason it seems is that he can be defined as manager under companies act..1956,which seems to be an absurd explanation!! How can tat definition be applied to income tax act ???Should come under194(J) ??

My client makes payments to contractors who do not have a PAN.The contractors are not keen to obtain PAN. In such cases at what rate should TDS be deducted? Im informed that there was a notification demanding deduction of TDS at a higher rate where the contractors do not have PAN.

Sir,

I have following doubts, please guide me

1.) What is the last date of filing MVAT audit report for the F.Y. 07-08.

2.) Whether we have to give only list of pending forms C,H, I etc. or we have to pay liability of tax for non receipts of above forms

3.) We are accounting our sales transaction in tally as under

Basic Sale ( Under sales group in tally)

Output Vat ( under duties & taxes in tally)

So in one of our company in profit & loss account the sale is showing Rs. 38lakhs & if we add vat then it comes Rs. 41 lakhs.

Then in such case whether it is mandatory to do the VAT audit.

Sudheer

Sir,

I came to know that ICAI has launched Account Technician Course.

At present I am working in a private company, as an accountant. I have 15 years of experience in this field.

I am 42 years old and bcom graduate.

I want to apply for the said course, can anyone guide me what are the requirements of this course, and whether correspodence course is also availble.

And if I have to apply where should I register myself.

Sudheer

What is the Liablity of company to deduct Pf on contract labour

A company in India has entered into a Joint venture with a foreign company, say ABC Ltd(dealing in shares), to promote the Indian capital market. The Indian company has its staff deputed in the foreign company. The foreign company -ABC Ltd, enters into an agreement with the Indian company to market the produts of Indian capital for which a Marketing Fee will be paid by the Indian company.
Does this constitute Import of Service? Is Service tax payable by the Indian company in India on the Marketing Fee paid abroad?

An assessee owns a house with two car parking spaces. The house is occupied for his residence and car parking spaces are let out. Under which head would rent received from letting-out ONLY the car parking spaces(and not the house owned by the assessee)be taxable?

Thanks & Reagrds
Niki

Hi all,

Kindly resolve the following query:

Client being a service recipient do not want to pay service tax. According to the client (Govt. Body/One of the Ministry of Govt. of India), they are funded by Grants-in-Aid and as such service tax is not applicable.

Now, I wanted to know whether there is any law/rule/provisions in respect of Service Tax that allows non-applicability of service tax if service recipient has source of funds from Grants-in-Aid and thus not willing to pay service tax.

In case of above situation, what course of action should be taken?

Thanks in advance.

hi everyone,

1. I want to go abroad after completing my CA. (result awaited). can anyone please tell me which is the best country for indian CA`s, my prefrence is go to austriala & canada .

2. Is it compulsary to do CPA or ACCA for going abroad ?

3. IS Pre qualifiction experience i.e Article ship is counted as experience in abroad ?

4. give me rough estimate of the expenditure for this purpose ?

i am waiting for your reply,
thanks in advance.

Regards
Manpreet singh

e mail : manpreet-1@hotmail.com