A company is having 3 cab providers and one provider is for providing Transportation of employees from home to office and office to home and the company is having an aggrement with that party that rate will be fixed based rate per Km. Where as for the other two the company is taking services as and when required like receiving guest and insufficient cab serevice by first one and in any other cases. There is no written contract but there are some mail confirmations that the rate was fixed. The Comapny is Charging TDS as contract for all the parties.

What are conditions to be fulfilled by the parties to treat as contract in case of Car hire?

When can we say it as a Hire ?

Give me the details with reference to Income tax Act ( Either notifications or circulars )

In a Prviate Ltd. co. a director is withdrawing say Rs. 2,500 p.m. for personal use (Drawing)
How it should be treated according to companies Act.
whether it is treated as Advance Remuneration paid or Loan to a director.
Whether the provision section 295 specifically deals about this?

We have paid service tax in excess for particular month. whether the same can be adjusted in next month or we have to file refund claim.
Please answer in both the scenario one we have filed the half yearly return and second we have not filed half yearly return

Is TDS deductible on consideration for purchase of software? License on the said software and subscription charges for the same.

Sanjay

Will a photograph studio, dealing in printing of photographs from C.Ds, floppies, memory cards, film rolls, require to pay tax under works contract as per AP VAT Act based on the High court decision in the case of Paramound Studio.

is there any need to get the limited review report signed by both the auditors if the company has a joint statutory auditors.

if yes...is it written anywhere in this context..plz suggest its urgent

Company is paying rent amounted for Rs.9000/-. In addition to rent Rs.4000/- has been paid as electricity charges.
Please advice whether TDS would be deducted us 194 I on whole amount (Rs. 13000)

Regards

Yogesh

Dear Experts,

We have registered dealer under the Delhi Vat Act 2004 and Central Sales TAx Act 1956. We have filling the quarterlly return both Dvat & CST Act on regular basis, but one invoice raised against central sales @ 12.5%, we have wrongly considered in the return by twice bare in the IIIrd quarter & IVth quarter (i.e. accounting year 2007-08) and thereafter deposit the excess tax under the CST Act 1956. Please give me advice, How can take the credit under the CST Act 1956, whether option is that, CST credit to be carried forward to next quarter or Financial Year.

We undertake jobs on EPC basis classified as taxable service classified under 65 (105) (zzzza) explanation (e).

All our jobs are for State Govt. departments or for local authorities for Irrigation or for Water supply schemes / sewage disposal schemes.

Prior to this classification, we used to discharge service tax for the taxable services like Erection, Commissioning & Installation, Consulting Engineer Services etc, for the labour component involved in the contract. Considering the fact that these buildings are not used for commerce or industry, the civil services were treated by us as exempted service.

Now, under the revised classification of WCT services, the valuation of gross taxable service would be Total value of the contract less transfer of property in goods + relevant VAT.

The query is explained mathematically as under:

Total contract value 100.00
Less: Transfer of property
In material + relevant VAT 90.00

Gross value of service 10.00

The Rs.90.00 deducted above includes Rs.20.00 as the Civil portion of the contract, the break-up of Rs.20.00 is material + relevant VAT + labour + margin. My query is whether this Rs.20.00 will be exigible to tax under the service tax scheme because of the classification, i.e. Works Contract Services, even though the proposed civil structure is not going to be used for commerce or industry.

Thanks.

Hi,

I have 2year Accounts Experience. I have listen about Forensic Accounting course.

Can some Explain me for that ?
What is future with that Course?
What are charges of that course?

Please reply me