We have entered into AMC (Apr 07 to Mar 08) for computer Scanners with M/s. LASON Inc, USA for $ 16000 In case any maintenance is required we have to send the scanners to US. No service is done in India. They don’t have any permanent establishment too in India. Does this transaction attract withholding Tax under the above circumstances?. To make the payment, being no customs and excise involvement, CA certification is required in Form B

MY QUERY IS IS IT POSSIBLE THAT PVT. LTD. SALE SHARES ANG EARN LTCG , IT CAN BE ADJUSTED BY INVESTMENT IN U/S 54 EC , PLS CLEAR ?

A widow aged 85 years has a property transferred to her on the death of her husband. Now she wants to sell the same for 2 crores in this year. She has never ever paid any tax. She has four children. How can the property be sold with no tax liability on the widow?

We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .

if tr. them before one year and if tr. them after one year

if we can reduce the tax liability how it possible

pls reply members

vinodjainca@hotmail.com

Does anybody has Form 16 and Form 16A in Excel or Word Format pls reply

thanks a lot for solving my query.

i mentioned of retailer and as u mentioned i'll have to consider 5% of the total turnover as income if turnover does not 40 lakhs. and also it is not necessary to operated through current a/c.

so finally to start with filling procedure
1. will i'll have to prepare final accounts showing around 5% as income of the total turnover.

and any other compulsory rule to comply with other then filling with the appropriate form u can suggest.

My question is, what will be treatment of 'Notice Pay' paid to earlier employer. Whether it will deduct from the head of salary computation either it is recovered from current employer or not. Infact the notice pay recovered from the current employer has taken in computation of salary and for which period notice pay paid, the employee receive the salary and pay tax on that. In my opinion the ' Notice Pay' Paid should be deduct from salary.

CA. Mahesh Kedia

sir,
my father has acquired a house from my great grandfather only by making part payment of the agreed amount between grandfather and greatgrandfather. My grandfather has expired . Now problem is in which heading immovable property is to be show

sir,

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