We have our Assessment going on. On following Two subject I need Best Judgement from High Court , Supreme Court or Tribunal.

1. Some of The Loan Creditors, who are relatives to us, does not have PAN No. We have received all loans through A/c payee Cheque. Asseing office wants to Add all the Loan amount to our Income.

2. Wastage During The Manufacturing process is higher due to implementation of New Machinery and process, A.O. wants to take Wastage as per Previous Year and Add the Amount.

Tax should be deducted under which section in case an Retired employee receives annual awards subsequent to his retirement, which may be received in the next financial year after his final settlement has been done.


Should it be deducted u/s 192 if this amount exceeds minimum exemption limit or should be deducted under different section, since the employer and employee relationship ceases to exist.

I want to know from when service tax on rent is applicable, do I have to pay service tax from April 2007 or from the current dated.I have not paid service tax till date.

Tax should be deducted under which section in case an Retired employee receives annual awards subsequent to his retirement, which may be received in the next financial year after his final settlement has been done.


Should it be deducted u/s 192 if this amount exceeds minimum exemption limit or should be deducted under different section, since the employer and employee relationship ceases to exist.

Whether sec 309 is applicable in case of a private company or not? If not is there any procedure to be coplied by the company to pay Remuneration to the directors?

Hi, please reply this case:
"A regular loss making company (since 4 year)dont want to charge depreciation this year, what will be its treatment in P/L and Balance sheet and computation as per Companies Act/Income Tax Act" plz suggest
thanks

pls tell me about the course of ifrs which are conducted by icai and telling about fee's slab

Certain bills have been paid by "A" company but the expense agaisnt same has been booked in "B" company after payment.

Company "A" after making payment to vendor debit the account of "B".

In such case when and in whose hand the TDS liabiltiy would arise

REgards

Under which section should tax be dedcuted at source on commission payable to Director of a company?

In case, tax has not been dedcuted at source on the commission payable to Director, is such amount liable for disallowance u/s 40(a)(ia) of the I. T. Act?

Thanks & Regards

A company is an EOU Unit. It is manufacturing goods on which VAT is payable.During the year the company purchased windmill and produced power on which vat was not payable.

Ques is whether in VAT Report we are require to mention the profit of POWER DIVISION as it is shown differently in AUdit Report as per IT.Or it is ok if just give the details of Mfg Division