Bandaru Rama Rao
15 July 2007 at 02:28

Future for a SAP Professional

hi Sir/Madam(S),
I have decided to go for SAP.But my doubt is if i work in a SAP oriented job for a period of 5yrs or so,If in future if i wanna come back to core finance job will i be treated as a fresher as i dnt hav the experience in Core finance.Please answer my query and help me out.


Bandaru Rama Rao
15 July 2007 at 02:28

Future for a SAP Professional

hi Sir/Madam(S),
I have decided to go for SAP.But my doubt is if i work in a SAP oriented job for a period of 5yrs or so,If in future if i wanna come back to core finance job will i be treated as a fresher as i dnt hav the experience in Core finance.Please answer my query and help me out.


sunil

sir/ma'm

i m facing a situation wherin the rawmaterial supplier pays the advance to jobworker & deduct tds as per sec194c & deposits the same in time.
subsequently due to certain reasons he gets back the raw material un processed also he get back the advance paid.
now what will bw the treatment of tds in books & in the tds return & tds certificate???
whether ts deducted can be reversed?


s. k. mohan
14 July 2007 at 08:51

FBT on Tour and Travel

Upto FY 2005-06 FBT was levied at 20% on total travelling expenses. However, from FY 2006-07 travel exp. has been broken into 3 parts. 1) Conveyance @ 20%, 2) Hotel, boarding & lodging @ 20%. 3) Tour & Travel @ 5%. My question is, what expense should be covered by tour and travel. Should it cover only fare or can it also be stretched to cover hotel, boarding and lodging exp. also.


CA VINOD JAIN
14 July 2007 at 06:20

DIVIDEND INOCME

how to show dididend income in ITR 4 , which is exempt us 10 (34)


parmod
14 July 2007 at 06:06

SHIPPING AND AIR FREIGHT

WHEATHER THE SHIPPING AND AIR FREIGHT AND MARRINE INSURANCE IS MANDATORY TO RECOVER FROM FOREIGN DEBTORS, IF PAID BY US.


Narendran
14 July 2007 at 04:54

Profit & Loss Account


Sir,

Through the statement of Profit & Loss account we ascertained either "PROFIT" or "LOSS" and not ascertain both at a same time. Then why should we call as " PROFIT AND LOSS A/c instead of " PROFIT OR LOSS A/c ?


vineet

whether interest on a loan taken/accepted during the year is to be shown as addition in the annexure relating to sec.269SS in the form 3 cd.
and whether repayment of interest is to be included in repayment of loan during the year in the annexure relating to sec.269T in the form 3cd.


parmod

sir, i want to know investment in shares and there will be a no. of transaction during the year. so now we want to know that in which head my income from sale of shares are taxablei.e. business income or capital gain. and also tell me that what is the base of difference between investment or business.


Narendran
14 July 2007 at 00:27

TDS on Contract Payments

Sir,
As per section 194C, No TDS to be deducted if the payment does not exceeds Rs.20000 in a single payment or Rs.50,000 in aggregate in afinancial year. What my query is a client made number of transactions in a year. up to half of the year, such contract transactions does not exceeds Rs.50,000/- hence the company not deducted TDS but rest of the year the contract transactions exceeds Rs.50000. Now the company is liable to deduct TDS on contract payments. from which amount the company to be deduct TDS either including basic limit Rs.50,000 or Excluding Rs.50,000/- ?

Kindly clarify.






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