An Indian company takes service from outside india the service is wholly rendered outside india by the foreign company. and the payment is also made outside india in foreign exchange.
So Is there any tDS Liability for indian company. and there is no any PE in india of foreign company

so TDS liability or not?

Hi,

Do a person has to pay service tax on commision which he get on selling the Mobile recharge coupons. If yes on what value?

Thanxs

Regards,
Suraj

Can there be rental agreement between KARTA of HUF and same HUF ?

X is karta of HUF
HUF is owning a building
HUF gives on rent to X

Is it possible ?

I am a practicing CA and i am getting remuneration from my firm as allowed under section 40(b)
On computation of total income of mine ,interest and remuneration received from the Firm is treated as an income from business or profession.
from that income Shall I deduct depreciation on motor car used wholly for my professional purposes

our company paid the Development fee of Rs. 1 crore to Urban Development Authority
(UDA) WITHOUT DEDUCTING THE tds

Shall we do that ? , the company assumption is trhat UDA means government

pls. resolve

sir
i am a practicing CA and i am getting remuneration from my firm as allowed under section 40(b)
on preparation my personal in come tax returns shall i deduct deprecition on motor car used for my professional purposes

Dear frnds,

Pls advise me whether the Foriegn exchange loss can be setoff against revaluation reserve?..??..?

If so whether it is perfect compliance of Accounting standards or any violation...

regards

Adithya

Our company spent more than 8 Lakhs for interior work.

My question is : 1. Can we capitalise the above expenditure ?

if yes,

1.What is the rate of Depreciation?
2.Which is the accounting head the above be capitalised?

Regards,

Joseph

One employee of SBI was voluntarily retired and disbursed his housing loan which was standing against him and claimed exemption u/s 24 in the return.Whether it is admissible or not? If Yes so kindly quote the section.