Kanishk Saxena
03 October 2008 at 10:54

inqu. registr.

Plz. Send me complete procedure for registration of a properietorship firm, that from where I can get form and where it have to deposit, and all other information.soon.........


CA.SURESH MURUDI
03 October 2008 at 10:42

WRONG STATUS IN PAN ONLY

It is co-opreative socitety and cliaming deduction u/s 80P.In PAN application it has mentioned the status as local authority and accordingly PAN has been allotted.Can A.O denai the benifit of sec 80 P and assess it as Local Authority instiead of Co-op socitey


CA.SURESH MURUDI
03 October 2008 at 10:40

WRONG STATUS IN PAN ONLY

It is co-opreative socitety and cliaming deduction u/s 80P.In PAN application it has mentioned the status as local authority and accordingly PAN has been allotted.Can A.O denai the benifit of sec 80 P and assess it as Local Authority instiead of Co-op socitey


Yogesh Modi
03 October 2008 at 10:32

TDS querry

We are receiving the Bills from Vendor (Automobile Dealers) for the expense mentioned below:

As you are aware that Banks provides Vehicle Financing. So one of the Bank is financing vehicles purchased through various Automobile dealers all over India. To promote the sales the dealers are providing various promotional schemes to customers.One of such promotional activity is providing free Insurance to the customers. The dealers then claims the share of Bank (say 50% or 100%) as reimbursement through Invoice raised on Bank.

The supporting provided with the Invoice is in the form of the acknowledgment from customers that they have received the Free Insurance. The supporting is sometimes marked to the concerned Vendor & sometimes to the Bank.

Please advice whether TDS need to be deducted in such a case or not.


Ravi Kumar Rajgaria
03 October 2008 at 09:52

Service tax exemption

We are a registered unit under Service Tax. Last year our turnover was Rs. 5 lacs and we had collected the tax on this amount and paid accordingly. Current year till date our T.O.have crossed Rs. 4 Lacs and we have already collected the service tax and taking input credit and not paying the service tax which collected. It is 100% sure that our T.O. wil not cross Rs. 10Lacs Limit during the full year.
Is it OK according the law? Pls confirm and thanks in advance.


CA RAMESH KUMAR AHUJA
03 October 2008 at 09:31

Website Development - Capital or Revenue

Discuss the Website Development cost, its hoisting cost and cost incurred on structural modifications.

Whether this is revenue or capital in nature?

If a fixed asset; Under which head the same may be booked?

The rate of depreciation under Income Tax and the Companies Act?

The realisable value of one's own site is always NIL then why the same is carried at a value?


PIYUSH JAIN
03 October 2008 at 09:22

bonus & superannuation

When is payment due date of Superannuation & Bonus for employer company? & When is return due date.


CA RAMESH KUMAR AHUJA

One of my clients are the service providers of Taxable and Exempt Services and seperate books of accounts are not maintained. To claim Cenvat on account of Input Services we have to follow sub-rule 6(3) and 6(3A). Some of the Input Services are common to both type of services while some are exclusively utilised for taxable or exempt services.

How the cenvat should be claimed in viw of the facts and the legal position?

How the option out of the two alternatives given in sub-rule 6(3) is exercisable?

How the Cenvat Register is to be maintained? Whether it should be Service wise?

Whether any intimation is to be given to the department for the option to be exercised?


sumit bhartia
02 October 2008 at 20:53

FORM NO 29B

MY COMPANY AGM DATE IS 30.09.2008
NOW BEFORE FILLING OF FORM NO 23AC & 23ACA I HAVE TO ASK THE AUDITOR FOR FILLING OF FORM NO 29B.

THE SRN THAT I HAVE TO PROVIDE IN THE FORM FOR 29 B IS FOR FORM THAT AUDITOR WILL FILL IN OCT 08 OR OF PREVIOUS YEAR
PLEASE CLARIFY


Rashi
02 October 2008 at 20:53

Tax on foreign currency brought in India

Hi,
I worked in Singapore for 2 years (from Nov 2005 - Nov 2007). During this time I had opened NRO Rupee account in India and remitted money regularly in this NRO account. I came back to India in Nov 2007 and closed my NRO account and deposited that money (around Rs. 11 lac) in a newly opened ordinary resident account via cheque. My question is:
1. Do I have to declare this income in ITR form and pay tax (I already paid tax to Singapore Gov.)
2. While coming to India I brought around USD 5000 TC (traveler cheque). Now if I convert this in Rupees and deposit it in the my account, then again do I have to declare this income in ITR form and pay tax.

Regards,
Rashi
(From Bangalore)






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