NITIN
17 July 2010 at 10:54
Our's is a limited company. We are making payments through credit card in foreing exchange for accessing certain sites in USA. The server is in USA.
It is monthly and /or yearly subscription charges paid for accessing the site.
If I go on a particular site, I will view the contents of the site broadly.But, if I want certain specific
information then I need to pay for it.
Are we liable to deduct TDS?
Anonymous
16 July 2010 at 17:33
What is the time frame for carry forward of losses for a partnership firm ?
Can the partners of this firmset -off their shares of losses gainstt their respective Business Income or Capital Gains ?
Anonymous
16 July 2010 at 17:31
We have commenced Hotel operations in the current year.While preparing Annual Accounts for the Hotel,we propose to charge depreciation as per Income Tax Rules.
The question is in the Depreciation Chart to be annexed with the Financial Statements,can we give effect to deduction of 100% of thecapital expenditure of the Hotel in the aforesaid chart ?In other words,if we have adopted the method of charging depreciation as per Income tax,can we show 100% depreciation in the chart?
Anonymous
16 July 2010 at 10:58
detail of work contract is:
work contract is for lump sum amount and can't bifurcate. contractee provide mataedrial and machinery free of cost.
so, now what is criterial and value adopt for the valuation for service tax and
vat. when we adopt compostion scheme and without composition scheme for both.
ncvijaykumar
15 July 2010 at 23:34
A director received a property from a company under a family settlement as per the award of the arbitrator under the Arbitration and conciliation Act 1996. Whether such property be treated as a "Benefit or Perquisite" under section 2(24)(iv) of the Income Tax Act 1961? is there any case law in support of the assessee that it is not taxable under the above section?
Anonymous
15 July 2010 at 19:54
R/sir, i had a query that whether Advocate is liable to pay professional tax or not.
Jagmohan Rawat
15 July 2010 at 11:44
Pls let me know if a resident assessee has worked in Newzealand for 4 months then is there any method how his salary earned abroad should be valued here in in India for shown the same in the Income tax return. I am facing the problem that if i convert the earning in Newzealand dollar in INR and add the same with salary earned in India that raises the tax burden of the assessee unduly.Kindly resolve my query.
Thanks in advance
Anonymous
14 July 2010 at 21:12
If Inter state purchase is made without C form so Local rate will appicalble. So in such case CST or Vat will be writter with rate in invoice.If Vat is written in invoice to VAT will be claimed as VAT Input in which such good are brought.
hussain
14 July 2010 at 17:02
Sir
In Sales tax audit for the year 2006-07 the officer as find that there is a diffrence in stock as per return calculation and the diffrence amount is Rs :- 93297/= the officer is calulating this amount means 93297 * 4 and then on Rs : 373188/= on this amount 4% tax will be charged to party sir i want know that on diffrence amount will be charge 4% tax and after that the tax amount will be multiply into 4% as a penalty.which will be right sir please reply me.
Thnaking You
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