What do you mean by Flat Rate in the system of providing loan by Banks ? Explain the procedure of granting loan by banks, what are the terms and conditions, requirements, 'terms' such as Margin, collateral security, flat rate, etc. used in the procedure in a simple manner.

What is Global Depository Receipts(GDRs)as well as Indian Depository Receipts ? Please explain in simple and easy manner.

Dear Freinds,

Kindly let me know the applicability of Servise tax on Job Charges.

My Company is Forging manufacturer (Iron & Steel)and carry out job work on material provided by the parties.

During Excise Audit of FY 2006-07, Auditors are asking to charge Service Tax on Job Charges.

Kindly Solve the Problem at the earliest

An individual (not liable for Tax Audit) paid total tax as Self assessment tax before the due date of filing his return for AY 06-07 that is before 31 July 06.He filed his return for AY 06-07 in the month of December 2006.The AO levied Interest U/s 234A for late filing by applying rate of interest on the tax paid before 31 July for the delay in filing the return.The Assessee contends that the interest should be Zero as tax payable was 0 and 0 multiplied by any rate of interest will be Zero.Who is correct?Why?

The Section 234A does not give credit of SA Tax in such a situation.What about natural Justice? Is natural justice demand by assessees tenable in tax laws?if yes ,why? If not,Why?

Dear Friends,

I am in need of details of the follwing High Court case:

Details of Case: CIT v Panama Chemical Works (2000) 245 ITR 684 (M.P.)

The case is regarding submission of Form No. 10CCB during the Assessment Proceedings.

Pls send me ASAP.
Thnks.

Dear Experts

Section 194C excludes TDS on hire charges, i want to know whether 194I is applicable for hire charges for Plant & Machinery...............


Pls reply soon

WILL ANYONE SEND ME A COPY OF PE-2 MERIT LIST MAY-2007 ATTEMPT OR ANYONE KNOWS ABOUT THE CLOSING MARKS OF MERIT LIST FOR 50th RANK

Hello to everyone out here.
My brother has just started an interior designers firm. and i want to have certain system set up for accounting of the same.One of my problem is the business is divided into two parts.
First the trunkey based projects in which we purchase all material, hire labour agencies and pay them, and supervise all the work and then charge our design fees.
second is the service projects in which we just have to assist the client for purchasing the material and hiring of labour etc. we charge only for our design fees.

so can you please suggest how should i maintain accounts in tally giving certain guidlines including groupwise details. and also how should i prepare the invoice whether i should include material in and labour in the invoice or just design fees.

sir,

I sold my resedential flat in april 2007 and bought new flat in may 2007 .so I got full exemption as I invested the amt.

now in december I am getting 32 lacs from my grandfathers property which was a plot in mumbai.this property was bought in 1955.we are 6 brothers .individually I am getting share of 32 lacs .my question is if I invest total amt in resedential property will I get exemption from long term capital gain.as in my case 2 transcations of capital gain happening in same year

A company which follows schedule xiv rates of Companies Act for depreciation. But this company depreciates its assets upto 95% of the historical cost of the assets. There after it does not provide any depreciation in the books. whether company is correct in doing so or not?