TNG is a Company and one of its businesses is conducting training sessions to new recruits for another company BFSI. As part of services offered, TNG arranges for lodging and boarding facilities for BFSI’s new recruits, as most of them are outstation candidates . TNG also provides for their local conveyance when they are commuting from Hotel to Training venue. TNG does not get any separate reimbursement of the expenses from BFSI as TNG has to pay as per terms of Contract. Can any one kindly clarify the below.

1) TNG proposes to charge the lodging and boarding expenses, Conveyance charges to either “ PROJECTEXPENSES” or ‘TRAINING EXPENSES” in TNG’s books of account as the recruits are not its own employees but those of its client BFSI. This also enables TNG to avoid Fringe benefit tax. Is this OK?
2) In this connection will BFSI ‘s FBT liability be nil as the expenditure is incurred by TNG.
3) Will the Department insist on either of TNG or BFSI paying FBT as BFSI’ Employees traveling and Lodging/Boarding is involved.
4)The whole idea is to avoid paying FBT

1. Can a NRE earned income in India through a rental income, as of now he has not file any Tax return, he doesn't have PAN ##.

2. Can NRE authroized her mother to collect the income on her behalf in cheque in her favour (Mother favour)and pay tax on that.

The total income is 1 lac per year.

kindly advise.

We are a a proft making Company for the past several years, without any accumulated losses. Our core business is HR Consultancy from which TDS is deducted at the rate of 11.33 % and comes to around Rs.150 lakhs for the year 2007-08. However our tax liability is around Rs. 40 lakhs only . This situation is likely to continue for next couple of years, with the prospect of huge amounts likely to be locked up wit IT department while the Company starves for Working capital.

Is there any way that we can avoid this situation and get permission from IT department for a lower rate of TDS to be recovered. Can anyone suggest a way out.

The employee visits to a Hotel and makes the payment through the corporate credit card issued to the employee. The company further in accordance with the due date of the corporate credit card makes the payment on the Credit Card. Is the company liable to deduct TDS on this. if yes at what rate. Supposing the amount involved is more than 20000.

If Advance FBt is not paid throughout the period for 2007-08. And the fbt liability is Rs 1,00,000 for the Financial year 2007-08.
Then how the intt. would be calculated under Sec 115WJ(3). Note that I am suppose to pay FBT plus all Innt. in this September 2008?
Kindly give the FBT liability along with Interest?Please give the detailed workings?

Hi Experts....

Whether RECEIVER of the service is liable to pay service tax on the service received from outside india?

We have receved service of erection of machine from the party of the korea, so whether we are liablve to pay service tax on that.

Please advise on above....

Thanks
Rohit

Tax Audit is conducted on the basis of gross turnover, in this matter the Gross Turnover includes tax(i.e., sales tax/service tax.,) or excludes tax. that means it incluses tax or not. Plz tell me

A company has Loss calcualted as per normal porvisions but Tax as per section 115JB.Does the provisions of Sec.234B&C apply in such a case.



Thank you

Hi

please any body tell me how to calculate deffered tax & persantage

Could anyone help me out & let me know how to pass the entries in the books of accounts for deffered tas assets & liabilities.