21/8/2008 Purchase of Goods 51000/-

22/8 Cash Payment 32000/-

24/8 Cash Payment 19000/-


Whether 32000 will Be Disallowed or 51000/- ?

Plz Answer With Relevant Provisions Of Income Tax Act.

Hi,

I was working with a company in India for 2 yrs 7 months. This was my first ever job. After this I moved to London,UK and joined a company here. Now I want to withdraw my PF from India. Will the pf I withdraw be taxed? If yes at what rate?

Thanks.

we have privide TDS on Directors Commission (92B) on 31/03/2008 when we have to remit these amounts to Govt our AGM Date is 07/08/2008

Please guide me whether tax is required to be deducted at source on payment of Commission to foreign agent for arranging the materials to be purchased by my client. If yes, please give the reference of the section for provision and rate of TDS

Suppose there is a XYZ logistic co. It have been hired by PQR Co. for custom Clearence and delivery to its destination in Bombay. XYZ Co. hired a transporater MN Roadways for transporting the goods to Bombay. The cost incurred by the co. is Rs. 40000( for transportation) Rs. 500(Misc exp.) and its income Rs. 5000(Assume). Total bill of RS. 45500 is sent to the PQR & Co. for reimbursment.
Who is Liable to deduct tds?
If the tds is not dedcuted by both the party on the transportation expense than who will be liable for that.
Note: the expenses incurred by the logistic co. is Booked under JOB cost. and the same is reimbursable expense.

A foreign company incorporated in UAE has no operations in India and has no income or assessment in India. It entered into an agreement with an Indian company to train its personnel in India by the Indian company, for a period of 3 months. For the services, it pays charges to the Indian company. Whether the foreign company is liable to deduct tax at source on such payment to the Indian company? (payment nature is one covered u/s 194C). If so, whether it has to obtain PAN / TAN and file TDS return? If not deducting TDS, what are the consequences? Whether, and if so to what extent, the Indian company as its agent would be liable for such default of the foreign company?

Hi im a PCC article and my present client is a manufacturin concern, can somone guide me on wat Excise duty is? how CENVAT credit is availed ?and what PLA is...........Tnks

P.S: im tataly blank on tis.

in case of AOP where only closin stock of only raw material & wip .PLZ TELL me in 3CD form it is compulsory to filled IF YES THEN HOW I SHOW IT. we have contract and we are charging WCT @ 12.5% & 4%.
plz fast

Hi

asked this question under your forum, but didnt get many reponses, so putting it here. Sorry, if this is not the right place.

My company gives me the option of "Fuel and Maintenance" of upto Rs. 1,50,000/- per annum in my CTC.On showing proper bills every month, I get this money in my salary (as a part of CTC ofcourse) and this Rs.1,50,000/- is not taxable. My questions are following:

1) They have deducted amount of Rs. 10,200/- as FBT @ 6.80%. Is this correct (the %age of 6.80)?

2) I gave them a bill(cash memo) of Rs. 13,500/- from an authentic repair center which was just labour and denting work. But the bill didn't have any CST or service tax number. My company rejected the bill on the ground that it is not having CST number. Is a bill not considered authentic till it has CST number?? If they are not correct, could you please tell me the law under which this bill is authentic??

3) Going through topics on these websites only, can I give my insurance premium bill also under this category (under wat law) ??

4) Again, in the topics, there is provision for salary of the driver also. How can I show this as a part, as there will be no bill for this.

Any help would be appreciated, and if you can tell me the section and law also, so I can at least say something to the company people.

Thanks

Gagandeep Bajaj

(Software Engineer)

whether brought forward business depreciation can be set off against Salary Income of the current year ?