What will be the period for claiming the refund. Is it starting from 17-09-07 or can we claim for the previous period also. I am not clear about this and the circular does not say any thing about it.

Please clarify.

NOW A DAYS AWAENESS IS INCREASING IN COMPANIES REGARDING ERP SOFTWARE SPECIALLY COMPANIES ARE ASKING FOR SAP PROFFESIONALS SO WHICH INSTITUTE DO YOU REFER

Hello,

The company (A Ltd.) has only two staff on deputation from other group company (B Ltd.). There are no other staff in A Ltd. B Ltd. raises a debit note on A Ltd. for travelling expenses, staff welfare expenses incurred by staff on deputation while on duty. Whether FBT is to be paid by A Ltd. or B Ltd.?

I want to know that is there any control over political parties for their funds and the utilisation. Is Election Commission of India maintain such type of control. Is the control ( if any ) is also applicable on listed but not recognised political parties.

I want to know all the formalities for opening a private Bank mainly there minimum capital requirements, related laws & regulations etc.

WE HAVE GIVEN BUILDING MODIFICATION CONTRACT WORK TO A KARNATAKA PARTY. THEY HAVE BILLED US FOR THE ENTIRE AMOUNT AS SALE OF GOODS (WITHOUT MENTIONING LABOUR INVOLVED IN THIS) @ 12.5 CST. WORK IS AT KERALA. IS IT CORRECT. AND 12.5% CST RATE IS PREVALENT IN VIEW OF REDUCTION CST RATE. KINDLY CLARIFY.

Why Ministry of Company Affairs is strictly not followed their rules / laws unlike Income Tax Department ?

If the executives of the company are provided re-imbursements of following as part of their salary:
1)Sales promotion expenses.
2)Books and Periodicals.
3)Conveyance.
4)Telephone.
5)Petrol Expenses.
6)Medical Expenses.
So in such cases fringe benefits would be valued at 100% or 20%?
Also give me reference to the section?

Will it covered under Sec115B(1) or under Sec115B(2)i.e as Deemed Fringe Benefits.

Please solve my query urgently.

Thank You.

As per Rule 53 of the MVAT Act,2005 input Vat Paid Will be reduced to the extent of 4% on purchase of Furniture And Fixtures,Electrical Installations,Office Equipments.

However my Question is:

1)What all includes as Office Equipments?
(Give some comprehensive list)

2)Do computers,fax machine, printers, safes,air conditioners,mobile sets,etc purchased for office use are to be termed as office equipments?

3)So,Vat paid @ 4% on computers purchased will not be available for Set-off?

4)Are there any amendments to this rule?

One of our client in SEZ wishes to hire a a person residing in U.K on salary basis to look after their marketing activity out there. Please advise whether tax is to be deducted on payments to be made from India.His residential status in India would be non resident.