MAGESH.G
This Query has 1 replies

This Query has 1 replies

24 June 2008 at 11:52

Salary in grade system

Sir ,plz tell me whether grade system is applicable for pcc students.plz explain this one.


Amit Mehta
This Query has 2 replies

This Query has 2 replies

24 June 2008 at 11:16

Rules Regarding Form no 16

Hi,

What is the deadline for Issuing Form no 16 by the Employer to the Employees.

Is it mandatory for the Company to Issue Form No 16?

If the company Doesnt issue Form 16 to the employee then what action can be taken Against the Company?

What Would be the fate of the employee in case the Company Doesnt Issue the Form 16 to the employee.

Is there any documented Rules and Regulation related to Form 16 By Indian Govt?

Waiting for Response.

Regards,

Amit.


Praveen Babu
This Query has 4 replies

This Query has 4 replies

Hai friends,

If a company reimburses the contractor for the expenses incurred by the contractor and includes a service charge.

what amount is liable for tds for the bill submitted especially for REIMBURSEMENT

ex:-

actual expenses - 100(includes service
tax incurred rs.10)
service charge - 12

total - 112

vat 12

total 124


In the above case what is the amount for which tds should be deducted.


Game oveR
This Query has 3 replies

This Query has 3 replies

24 June 2008 at 10:49

FBT if there is no employee

if assasse is an AOP & have appointed a contractor for civil construction or otherwise, further in such case if assessee has re-imbursed any exp. like conveyance, tele. phone exp. to contractor's labour, which is liable for FBT. in such case wether assessee will be liable for pay FBT on such exp. or not? if yes pls refer relevant secion.


CA.VIKRAM RANKA
This Query has 1 replies

This Query has 1 replies

One person runs a carriers business i.e transports the goods from one place to another.
in this business he hires lorry to transport the goods, he pays amount of 25000 to one lorry person or aggregate pays above 50000.

As per tds 194 c , tds to be deducted. The proprietor is ready to deduct tax during payment of lorry hirer charges lorry owner but here the lorry person dont have pan number
& as per e-tds compliance requirement, 90% pan number should be available of the number of deductives, otherwise e-tds return will not be filed ( i.e cannot be filed since the software accepts when there is atleast 90% availabilty of permanent account number)

please advise in this case what to do since in above case nature of business is such that the lorry person has no pan number since they are not literate & they dont want to get in all this tax trouble and all. They even dont want anything to be cut from there income.

The tds amount will be bear by proprietor only but problem is he cannot file the return

you can email me on vikram_ranka2000@yahoo.com


Hemal Parikh
This Query has 1 replies

This Query has 1 replies

23 June 2008 at 22:00

Gift Tax Act

Hi,

If mother gives gift to her daughter and grand daughter. Whether same gift is taxable to any of them. If yes what is rate of taxes.

Also can u please provide me list of "Relatives" who are exempted for Gift Tax.

Regards,
Hemal Parikh


mahavir
This Query has 1 replies

This Query has 1 replies

23 June 2008 at 20:16

tds related

iam maintaining books on cash basic. i raised bill in the year 2006-07 and received payment in june 2008 and showing income in the year 2008-09 than in which year i shoul claim tds.


Ravi Kiran
This Query has 3 replies

This Query has 3 replies

Dear Sir,

Our Company is in to the business of Property development and Leasing My query is that

Our company got Land under 99 Yrs of Lease for the Development we have started Constructing Factory for our sister concern at that land and we were showing all expenses for construction of Building Under Current Assets as Building Under Constrcution WIP after the completion of Construction of Factory we have transferred all expenses to Factory Building under Fixed Assets from Current Asset is Capital Gain is applicable for the same transfer

Regards

Ravi Konda


mahavir
This Query has 1 replies

This Query has 1 replies

23 June 2008 at 20:08

tds payment

some client are still paying tds manually whether is it allowable.


Subash
This Query has 2 replies

This Query has 2 replies

23 June 2008 at 17:56

Capital Gain

Mr.A purchased agricultural land during Dec-2005 and declared income from Agriculture land in his return of Income for rate purpose. Agriculture Land is situated in a village, which is beyound 8 K.M from municipal limit and population is less than 10,000.

Whether sale of above agriculture land during July 2008 will attract short term Capital Gain Tax.