Dear Sir,

For Import of Services IEC is required where IEC is required for Specified Services or Specified Technologies as per the proviso to section 7 of Foreign Trade Development & Regulation Bill, 2009. What are those specified services or Technologies.

Thanks

I have been asked to pay interest on the delayed payment of the TDS. The interest Income Tax Department (ITD) has calculated is as below
·Date of Payment of amount on which TDS is Applicable : 31/03/2009

·Amount of fees paid on which TDS is applicable : Rs.250000/-

·TDS deducted and deposited: Rs.25750/-

·Date of deposit of TDS : 29 july 2009

·Month of default : 4 months

·Amount of interest payable : Rs.1030

Up to this I am all right, but ITD also calculated interest on the delayed payment of interest

·Interest on delayed payment of interest : Rs. 465/- ( calculated from the due date of payment of TDS till the date of notice.)


I seek your valued opinion on this matter.

1) Whether ITD is justified in levying interest on interest as shown above?

2) I went for CIT appeal – How can I justify that the interest on interest is not tenable?

one of my friend receiving gift of building from NRI, any body tell me the rate of tax for this type transaction

IS THE TDS ON ROYALTY/TECHNICAL SERVICES 25% WEF 01-04-2013 U/S 115A

IN TAX TREATY TDA RATE WILL BE 20 OR 25 WEF 01-04-2013 ON RAOYLATY PAYMENT TO OUTSIDE INDIA

IS SERVICES PROVIDED BY WAY OF RENTING A COMMERCIAL PROPERY IS A TAXABLE SERVICE.AND AND MY RENTAL INCOME FROM COMMERCIAL PROPERTY IS RS 900000/- AND FROM OTHER BUSINESS ON WHICH SERVICE TAX IS LIABLE IS RS 900000. IS AM LIABLE TO REGISTER IN SERVICE TAX...

A company which export his goods through Marchant Exporter is required to take Excise Registration or not.

What change if company makes direct export.

Some MNCs in confectioneries have a policy of not selling there low end products (e.g. Rs. 5/- chocolates)to malls/ super markets. In case any perticular mall demands for such product then the distributor from the area sells those products to the malls but bills are shown to some other low profile shops whose vat tin number is known to the distributor; and the distributor accepts payment in cash.
That small shop is not at all aware about the deal or the bill made on his name.
Now the question is after scrutinising the accounts of the distributor, if vat tax officer asks explanation from the small shop that why he has not shown these purchases in his accounts and fines him what protection the shop owner would get?
How can he prove that he has not made those purchases.
Similarly many suppliers do the business on kachha chitti for six months and when the vat deadline approaches make few pakka bills at random in the name of some shops they know with there vat tin no. It may happen that they may show more purchases in the name of some shops. So the same question how should the shop owner prove that he has not made those purchases?

one of my client is in proprietary business, it's turnover is 9 cores in f y 2012-13 as it is coming under tax audit for the first time.i want to ask that whether payment of interest on unsecured loan will attract TDS provision. pl tell me rates of TDS if any

Interest was paid on 31.03.2013 and TDS was deducted bot not deposited. Actually TDS will be deposited by 10th May, 2013. So what will the interest on TDS to be deposited???

Am I eligible for transfer in the First year of articleship even though at the time of appointment it was told that they don't give tranfers and all...still are they bound to give me transfer as per the regulations of ICAI....?????