sir, if i am discounting my bill thru financer and inwhich i passes my trade(property of bill) to financer and hence the financer directly collect payment from my seller. In this process, the financer cut some amount as a bill discounting and remaining amount pay to me. so, my query is wheter i should deduct tax on charged debited to my profit and loss account under the head of 'bill discount'. in recent judgement of of Kanha Vanaspati Ltd..v.Additional Commissioner of Income-tax, Range-50, New Delhi, kindly clarify considering this judgement. the main problem is how can i deduct tax as i am not directly paying anything in form of bill discounting as the financer cut the same charges and then after giving me a remaining payment

SIR/MAM,
MY QUERY IS RELATED TO SECTION 40A(3) WHICH CASH PAYMENT EXCEEDING RS 20000
I WANT TO ASK THAT IF CASH PAYMENT IS MADE BY RELIGIOUS INSTITUTION OR TRUST EXCEEDING RS 20000 IS COVERED BY ABOVE SECTION OR NOT AND PAYMENT EXCEEDING 20000
MADE FOR PURCHASE OF CAPITAL ASSET IS COVERED BY ABOVE SECTION OR NOT.
PLEASE SOLVE MY PROBLEM AND OBLIGE.
THANK YOU

Dear Ravi & Gul Ji Thanks for reply the query. My another query is if a CA conducts more than 30 audits. But He charged fees only from 30 audits whether there will be any breach, under any law.

if the TRAVEL AGENT sold the ticket after purhase the ticket from IATA agent then services tax is applicable on such sub traveller agent

Pls tell me on which amount Service tax will be charged in the following situation:-
A company has taken employees on contract.The contractor is charging Service tax in his bill on the following amount:-
Total wages of employees Rs.X
Service Charge @5%on RS X Rs.Y
Service Tax @ 12.36% on (RS.X+Y)
Is it right to charge service tax on (X+Y) or it should be charged on amount of Service charge only(ie RS.Y)

Hi,

Can a Service Tax Provider rendering both taxable and non taxable services take CENVAT Credit only of Service tax (by maintaining seperate records of all such invoices) in full? If so what should be such seperate records? Please reply it is urgent.

Hi,
Does anyone of u knows some good short term courses that v can do with ca.

thank you

Dear Sir/Madam,

Can i sit in c.a examination in may 08
i registered in c.a intermediate in aug.1999 but due to some problems after completion of articleship i can not take
c.a intermediate exams. But now i want to sit in exams in pcc please consult me & if your answer is yes please tell us what is the last attampt for me

Thanking Yoy

plz can anyone tell me short term capital gain on equity shares.for nri's in detail..........

A pvt co. acquire space in warehouse. Pvt co. needs money for this project. Existing Shareholders refuse verbally to acquire shareholding. Co. director search financers for the project. They find appropriate financer. But problem is that financer wants equity share capital (option with buy back ) in the company as a security of his money. Can the co. allots to third party i.e. financer the share of pvt. ltd. co. If yes , then wht type of agreement has to be draft ?