A company paying Tax on Dividend. However, comapny cannot charge Dividend Tax Expense against profit of the company. It is shown under appropriation of profit. So, naturally it is expense from shareholders wealth. So, if income of shareholders is below basic exemption limit, why he cannot claim refund of such dividend tax ?

A manufacturing company buys some input item which is subject to VAT. A part of this input is used by the company in manufacturing a product which is not subject to VAT but to earlier Sales Tax. The company makes other products which are subject to VAT.

Now please provide your professional views on the manner in which the company shall compute the VAT credits that should be reversed for the product that is not under VAT. The company cannot do this on the basis of input/output ratio because that is complex and unascertainable.

hi Can any explain me about TAX AUDIT? For whom it applies?

my friend doing share trading and he made 40 lakhs turnover in this year in future & Option. whether he is levied with capital gain tax for this year if he got profit?
If yes in which slab and will it is treated as income from Business or Profeesion head?

I want to file a memorandum of my client under this act, who is cover under micro enterprises, can any body help what is the procedure for registration under this act, and i also need a draft copy of memorandum,

i also want to know what documents to be filed for this registration

If a single payment to a contractor exceeds Rs. 20000/-, say Rs. 28000/- but aggregate payment does not exceed Rs. 50000/- say Rs. 45000/-. Is TDS required to be deducted on the whole sum of Rs. 45000/- or just on Rs. 28000/-???

One of client have got a trust which is doing the business other
than religious purpose .I want to finalise the balance sheet of that trust please tell me tax rate applicable for trust in india for the the assessment year 2007-2008
including all deductions.
please post the reply on my email id

FULL DETALIS OF E.S.I. AND P.F.( PROVEDENT FUND ) & LABOUR ACT

Hi,

I had taken a Housing Loan for which my Father is Main applicant and I am joint applicant. Property is in the name of Father.

EMI's are paid by me using my savings account (salary account).

Am I eligible to claim Interest / Principle amount paid for Housing Loan. If so to what extent and which component can be claimed by me??

Thanks in advance.

Regards
Sridhar

Dear Sir
I just want to Know that Any CA Firm can do Statutory Audit of a Pvt Ltd Co. in which company one of the Directors is relative (Mother) of one of the partner of CA Firm.
i read the Co`s Act but there is no such restriction.
However i have already posted this query in which Abhisek Sir had replied that can not appoint as a Statutory Auditor.
plz clarify me
Thanx