Whether sales incentive or target incentive received by automobile dealer from company is chargeable to service tax. Plz provide some case laws or any other support as my client is treating it as purchase discount.
Im a body corporate and i am receiving man power services and liable under reverse charge. Suppose value of service is rs. 100 now if service provide is charging service tax on Rs. 100 instead of Rs. 25 than what is my liability. What will be my liability under reverse charge be discharged?
sir how can i crack ipcc in nov attempt . meri tyari bhaut jyada achi ni hai but kya ab se bhi tyari ho skti hai both groups ke liye achi wali. pls respond
My friend had received intimation under section 143(1) for AY-10-11 on 15Th, June ,2013 which reflect tax demand of Rs.6340/-
My friend is salaried person , according to calculation given in Intimation he forgot to claim Housing loan deduction in return of income tax Under head of Income from other sources which is mention in Form 16. The said return is filled online .
request your clarification / suggestion on :
1. Whether intimation is valid ?
2.Whether he have to filled revised return as he fails to claim Interest on HL ?
3. If reply has to filled under 154 then whether online or manually or any of the same ?
kindly revert
SIR, A MANUFACTURING CONCERN HAS VALUED ITS CLOSING STOCK AT RS. 10.00 LAC AS AT 31.03.2012.
THE FILE SELECTED FOR SCRUTINY BY INCOME TAX AUTHORITIES AND HAVE POINTED OUT THAT THE CLOSING STOCK IS UNDER VALUED BY RS. 1.00 LAC AND THEY HAVE INCREASED PROFIT BY RS. 1.00 LAC AND TAX DETERMINED ADDING RS.1.00 LAC TO DECLARED NET PROFIT IN RETURN OF INCOME.
MY QUESTION IS IN THE NEXT YEAR OPENING STOCK AS PER BOOKS WILL BE RS. 10.00 LACK. WHETHER THE EFFECT OF RS.1.00 LAC WILL BE GIVEN FOR CALCULATION OF TAX BY I.T. AUTHORITIES IN THE NEXT YEAR OR NOT ?
i was now under going articleship of ca registered on august 2012 , can i attemt my final exam on november 2014??????????????
pls reply me as early as possible
I have filed for 1A with 2 directors & 2 shareholders.Name is approved. But now I want to make addition in directors & shareholders while filing Form 1.what is the procedure for the same.
dear experts I m going to face a interview for the position of Company secretary in a big bank. please suggest me what should I prepare for the interview I have 4+ yrs experience but on what topics should I prepare questions please help me
In xyz ltd Mr. A, Mr. B, Mr C are the directors . Shareholders wants to remove all the three directors and want to appoint two new director Mr. D , Mr E in their place. Only mr . B has a Digital signature but he does not want to share with the co. ,since co wants to remove him. Nor Mr. A , Mr C want to take a digital signature and share with the co. In such a scenario , how the resignation of directors can get effected ? Also how the appointment of directors can get effected.? New director MR. D , Mr E have a digital signature .
Is there is any way to resolve these crises?
Dear experts,
My friend gets salary of Rs 225000/-pa. The company giving a house worth Rs 50lacks with a consideration to work for 5 years. The company will enhance salary of 10laks for one year for five year it will be 50lacks.the Company will say you have to pay income for Rs 10lacks every year for five years, totally for 50 lacks.
If he receives house worth Rs 50lacks as a gift from company what will be the gift tax?
And he agree to pay income tax for 50lacks in 5 years, wht will be the income tax.
Please suggest.
Thanking you all
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Sales incentive