Please any one tell TDS to be deduct on Foreign Agent Commission (outside india)
If Applicable. what is the rate ?

WHETHER TAX DEDUCTED FROM CLEARING & FORWARDING EX.? IF DEDUCTED THEN WHAT AMOUNT CONSIDER FOR DEDUCTION .

Hi

Can any body throw some lights on Transfer Pricing policy,

Srinath

WE ARE A COMPANY REGISTERED AND OWN RESIDENTIAL FLATS. THE APARTMENT OWNERS' ASSOCIATION CHARGES MAINTENANCE CHARGES AND ELECTRICICTY CHARGES FROM THE FLAT OWNERS. MY QUERY IS WHETHER TDS IS TO BE DEDUCTED ON THESE CHARGES?

Can is it possiable big amount like 1 crore directly written off without provision

please give details what impect in books and taxatation allow/disallow

HI
A PVT Ltd Co was formed June 2008. The company has received FDI in August 2008, Rs 16 Lacs for which no Legal compliances have been made. The Company is in activity of Consulting Engineering and other Engineering related activites. My Question is that if Rs 16 Lacs received I show as FDI in Equity Capital, wherein Rs 10 shares are issued at a Premium of Rs 48, will it raise any problem. I have gone through the CCI Guidelines for Valuation of Shares:

Net Asset Value: Not applicable as this company has no latest audited Balance Sheet, and this is First Year.

Profit Earning Capacity Value: Not applicable as the method applies to Trading and Manufacturing Compnay, and this is a Consulting Engineering company

Market Value: N/a since Pvt Ltd Co

Fair Value: This method starts taking avg of First 2 methods, which are N/a

Kindly let me knw, if I go by the random issue price of Rs 58( FV 10 & Premium 48) will there be any non compliance

Thank You

I am wanted to become a successful practicing chartered accountant can any body suggest do’s & don’ts for the same.

Thanks in advance

We are doing provision for Profesional Fees for the F Y 2008-09 as on 31.03.2009.

Yet we have not received the bill.

Whether we are liable to deduct tds on the same?

A Partnership Firm is purchasing chemicals from a limited company which is sold in transit to another entity i.e sec.6(2) sales the format of invoice is follows:

Basic Price xxxxxx
Excise xxxxx
Education Cess xxxxx
H.E.C xxxxx
Sub-Total xxxxxxxxxxxxx
CST xxxx
Sub-Total xxxxxxxxxxxxx
Freight xxxx
Grand Total xxxxxxxxxxxxx

The Freight is paid by the buyer.

There are two questions:
1.Whether Tax is to be deducted u/s 194C for the freight paid?
2.Whether the buyer being not the consignee is liable to pay service tax under Transport of goods by road as a service receiver.

Is VAT paid on Advertisement material i.e.(purchase of gift items, purchase of banners/flex etc.,) eligible for claming Input Credit?