please specify whether 234B and c applicable in the following case
tax liability 200000
tds 190000
there is no advance tax in this case
so please calculate total interest under that section

thanks and regards
SURENDRA REDDY C

HI, I AM ANKIT, DELHI.
MY QUERY IS HOW CAN WE DO THE ACCOUNTING OF SERVICE TAX IN OUR BOOK. PLZ. ADVICE ME.

THANKS
ANKIT

Sir,

As I know that FBT paid on Expenses incurred for welfare of Staff. I would like the following expenses covred under FBT

1. We have reimbursed the expenses to Professional regarding thier visit to office our from Mumbai to Delhi. ie Tour & Travelling, Conveyance, Telephone Etc.
the same expenses book under the head tour & travelling, Conveyance, Telephone.

2. Same as we bear the tour (Air fare & Hotel Exp.)expenses of our customer and book under tour & travelling, conveyance etc.

Is we are liable to pay FBT on that?

Pls adv. me

Regards,

Baljinder Singh

I have passed C A Intermediate in Nov 2001 and II nd Group of Final Nov 2002. Last attempt in which I was appeared is Nov 2004 and Last form filled but not appeared was May 2007.
Now I have deposited my Ist group final examination form for the month Nov 2008 on dated 27/08/2008 and i have deposit re-registration charges 500/- on 10/09/2008 at Kanpur Branch with an application for revalidation of final registration No. please solve my problem thet i can admit in exam tht will held in Nov 2008.
pleae sir i am verry much worried becouse i have got leave one and half moth leave from my employer with too much request.if i can not appeared in exam then i will suffered by too much loss.
thanking you sir

Mukesh Kumar
mdnhpc@rediffmail.com

We have manufactured and supplied acoustic enclosures for DG sets from Agra (U.P) to Bharatpur (Raj.) worth Rs.11,50,000 only on 30 July 2008 charging 2% CST against Form-C.

Now the buyer want to deduct 3% Works Contract Tax on the whole value from my payment.

My question is:
1.Whether is the deduction legally correct?
2.If yes than is there any procedure where we can claim any refund for the same?

Thanks in advance!

Hey All,

Well i wanted to know if my firm is registered in Assam, and i have done an work in Arunachal Pradesh .... and in our bills i have raised VAT ...... Now the concern authority who gave us the order are saying that we should have registration of Arunchal Pradesh and pay the VAT in AP as the work has been done in AP.... but according to me as im registered in Assam i have to pay the Tax in Assam for any work done in whole over india.

Please suggest what shall i do....

and moreover i had made some payment in reference to the VAT of the said work in Assam.

In case importer pays any royalty on imported raw materials for further processing to be carried on it.
Whether it is to include in transaction value as per rule 10 or not.

According to explanation to rule 10 such royalty is to included not withstanding the fact that the said process is undertaken after the import.

But post importatation activities will not be included in tv as per decisions given by apex courts.

Kindly clarify me in this regard.

Hi is it Cmpulasory to file the Tax Audit returns fo all the Individuals and companies to do E - filing of Returns ?

Hi all,

Could any one please provide me notification or circular or where it is mentioned (if mentioned in ACT) in which mentioned that when interest is paid to financial institutions no need to deduct TDS on such interest.

Please do the needful........

Thanks & Regards

In calculations of MAT Net profit means whether PAT or PBT?
Further Income tax,Deferred tax and FBT provisions are deducted from net profit is it correct? If Yes, then what will be the adjustment in case of deferreed tax assets?