What should be the rate of TDS on payment made to hotel for the following services received by pvt.ltd.co. for the business purpose....

Room charges rs. 6,00,000/-
Conference hall charges rs. 40,000/-
DJ Music charges rs. 10,000/-
Transport charges(Hire) rs. 65,000/-
Equipment charges Mike,Screen rs. 20,000/-
Extra charges during stay rs. 1,80,000/-
TOTAL AMT. = Rs. 9,15,000/- for which hotel has raised single bill.

However Friquency of such instances are minimal & further there is no contract with the hotel. Company has received such services continuously for 4 days.

Regards

Rajnish Amipara
amiparasir@gmail.com

Explain the Tax and accounting treatment of Shares lost.
Whether the shares are to be written off?
If yes what shall be the treatment of Dividend received on such shares?

As per Recent circular, we are deducting TDs on Gross amount of BILL, but in case of Transporter Freight, we are paying service tax i.e it is not come in the consignment NOTe, We are simply making the liability and Depositing to GOvt.So, Whether we should deduct TDs including S.Tax ,or Excluding Service TAx.

If a music artist or a band has taken up a one time venture, Income from Other Sources shall apply, if not then their income will be assesed under Income from business and profession. I would really be greatful if someone could enlighten me on the various rebates and deductions available to a professional music artist or a band under the IT act.

I Have to know that, if Interest due on TDS (TDS not deposit in time but depsoit before the end of the financial year in which TDS Arise)and Interest on TDS not Deposit in Same Financial Year, whether it would effect on Disallowance of epenses.

If a music artist or a band has taken up a one time venture, Income from Other Sources shall apply, if not then their income will be assesed under Income from business and profession. I would really be greatful if someone could enlighten me on the various rebates and deductions available to a professional music artist or a band under the IT act.

Can Director Remuneration show a Professional Fees or Salary?

pl tell me the date from which CIRCULAR NO. 4/2008, DATED 28-4-2008 came 2effect? pl reply as early as possi

One of the company is having retail outlets throughout India. The company has opened a new outlet in a major City in India.
The expenses prior to opening of the outlet has been accumulated in accounts in a Seperate account "Project Expenses".
The company has accumulated the same for 2 Yrs. And transferred all the expenses to the new branch account when it was opened.

In relation to this kindly let me know:
1) Whether the Project Expenses accumulated is to be treated as preliminary Expenses or
2) Project Expenses which has not been claimed in the Previous years has to be treated as "Prior period Expenses"

The nature of Expenses include:
1) Purchase of Furniture
2) Purchase of Computers
3) Conveyance
3) Staff Welfare Etc

What should be the rate of TDS on payment made to hotel for the following services received by pvt.ltd.co. for the business purpose....

Room charges rs. 6,00,000/-
Conference hall charges rs. 40,000/-
DJ Music charges rs. 10,000/-
Transport charges(Hire) rs. 65,000/-
Equipment charges Mike,Screen rs. 20,000/-
Extra charges during stay rs. 1,80,000/-
TOTAL AMT. = Rs. 9,15,000/- for which hotel has raised single bill.

However Friquency of such instances are minimal & further there is no contract with the hotel. Company has received such services for continuous for 4 days.

Regards

Rajnish Amipara
amiparasir@gmail.com