Whether payment of Rs 1.50 Lacs for hiring of a Hotel for one day for organizing a Conference will be subject to TDS u/s 194I ?

what are the provisions on deduction of t.d.s. on the freight outward paid on export sales to TRANSPORT AGENT?
Does it attract sec.194C?or there will be no liability of t.d.s on the same.
please clarify the same.

sir
a pvt ltd company has not yet filed DIN 3 as on 1st july and it has also not yet received DIN 2 from its directors. now it wants to file Form 5 (increase in authorised share capital). can it do so pending filing of DIN 3.

Dear Friends,


can anybody tell me what are the consequenses & remedies for not depositing tax & filing of tds return for the particular date of 31.03.2007.


Thanks

Pawan Narang
Chartered Accountant

Hi,
I just want to know what is the basis of deciding the area/ward/range/ITO for jurisdiction. is it decided on the PAN or by residential area adress ?

One unit of a PSU-a limited company has been awarded a contract from Government of Karnataka to train around 200 air hostess. The Money for training is provided by Govt. Of Karnataka.They have to provide these trainees boarding,lodging,training,air fare,conveyance and uniform etc. Part of the contract is sublet to a private party for providing boarding and lodging and part of training.Air fare conveyance,uniform is provided by this unit of the PSU.All The expenses are booked in the books of the unit as training expenses.This unit has made a profit of around Rs.15-20 lakhs on account of this.Will these expense attract FBT

A manufacturer who is liable to pay Excise duty and is regularly taking cenvat credit on input has failed to take Cenvat credit on Input services since last 18 month as it was not aware of that.
Since it has failed to take the credit can he do so now. If yes then how and what is the possible consequence.

Regard
Anand Singh

Ours is a IT Company engaged in both Software and BPO.Whether it is easier to claim reabte on service tax or should one go for Cenvat refund under Central sales Tax. One of my colleuge has suggested me gto go for refund as claiming service tax rebate is very combursome and impractical.

Sandip

“Keyman insurance policy is a life insurance policy taken by a person on the life of another, who is connected to the business as an employer or in any other capacity , either in the present or in the past.” In the statement correct?
1. True
2 False
sir this statments is true or false.

Hi,

Recently I got my form 16 from my company, I have a question regarding form 16,

before that I have tell small story , my company had deducted less TDS tax every month, at the end of financial year they calculated again the TDS for complete year and came up saying they had deducted less tax every month it has to be . so they asked us to pay the remaining amount, all we have paid the amount as we need form 16 from them.

Now coming to form 16,
I got a form 16 from them mentioning in the last row Tax payable/refundable as 23000 Rs. payable, it is the amount I paid to them at the end of financial year as excess tax I have to pay them which they didn’t deduce at the end of every month,

From the knowledge I have about form 16, they gave me form 16 saying I have to pay Tax 23000 Rs. to the tax department, I want to know is it correct what I think?

As far as I know Tax payable/refundable should be zero as I have paid them the entire amount I should.

I contacted the HR but they said the form 16 what they gave me is correct and some one had misguided me.

I really don’t understand which is correct; please guide me in this issue.

What does it mean 23000 Rs. Payable in the last row Tax payable/refundable?

Your suggestions are really valuable for me,

I thank you in advance and regards
Madhu