Is a Chartered accountant without a master's degree eligible for a career as MBA lecture as per AICTE norms

Dear sir,
pls kindly tell me about the remedies for quoting invalid tan number un intentionally in tds payment challans.

IF AN INDIVIDUAL WHOSE TURNOVER UPTO LAST YEAR WAS NOT 40 LACS BUT DURING THE CURRENT YEAR AT THE END OF FEB 2008 HIS TURNOVER EXCEEDS MORE THAN 40 LACS. WILL HE REQUIRED TO DEDUCT TDS.

We are a MNC company having 100% foreign share holding. Apart from being 100% shareholding we have to comply with all the indian requirements.

We have regd office at Kolkata and we want to open a branch office in other states, so for opening the branch offices what compliances we have to do.

Sir,

We are a MNC company having 100% foreign share holding. Apart from being 100% shareholding we have to comply with all the indian requirements.

We have regd office at Kolkata and we want to open a branch office in other states, so for opening the branch offices what compliances we have to do.

Notification about increase in no. of Article clerk, from when applicable in icai. as icai said that till its not approved by ministry of India.

Respected sir,

If we trade intra day trading in stock market, how the tax responsibility is applicable on its profit ?

Tell me Is there any limititaton of turnover for individual in intra day trading ?

Manish

Dear Friends,

One of my clients belongs to Scheduled Tribe Category and is eligible for the exemption u/s 10(26) of I.T. Act, 1961.

He files his return from Guwahati.

He receives contract payments on account of Contract undertaken in the Schedule Tribe Area.

He has his Bank Account at Guwahati and deosits his contract receipts in this Bank Account.

Whether he can claim the benefit of Section 10(26) of the Incoe Tax Act,

An Individual/HUF Sub Contractor enters into a Labor Contract with a person.

1) Whether the Sub Contractor is liable to deduct TDS on the payments made to that person.

2) When a Sub Contracts further sub contracts, is it covered by Section 194 C?

FACTS of the case
1. KCR has entered into a job processing agreement with QT, Mumbai.
2. KCR has received 419 Kgs of semi finished product from MBA, Daman, for job processing.
3. MBA is doing job processing for QT, Mumbai.
4. The semi finished product has arrived with a Challan which states “Old rule 57AC [5(a)] and New Rule 3 and 4[5(a)]”. The name and address of the supplier/manufacturer is written as “MBA, Daman”
5. The material after further processing would be sent back to MBA, Daman a/c of QT.

NOTE
a. Normal procedure being followed by KCR in similar case was to obtain a letter from the PROCESSEE addressed to our jurisdictional Deputy Commissioner, intimating the DC about the processing at Kancor under notification 214/86 dated 25-03-86, and that the same would be used in manufacture of final products in the PROCESSEEs factory. KCR would obtain an acknowledgment from Excise Office on this letter and keep the same in its file. A D3 intimation would be filed with the Supdt and acknowledgment of the same is also obtained for the file.
b. In the current situation, QT is of the opinion that the job processing is under rule 3 & 4(5a) of Cenvat Credit Rules, and that it requires no intimation to be given to the jurisdictional DC/AC of KCR.

QUERRY
1. What is the procedure to be followed by KCR in this case?
2. If the processing amounts to manufacture, whether excise duty is chargeable to QT?
a. If yes, what are the procedures to be followed for determining the assessable value of the material?
b. What is the procedure of invoicing/charging the duty?
3. If the processing does not amount to manufacture and service tax is to be charged on the processing charges, whether there are any difference in the procedures to be followed?
4. Which are the applicable sections/rules for the above cases?