On the basis of following certificate issued by ITO (International Taxation)-I KOchi, should not we deduct TDS on services given by IAL INDIA LIMITED (deductee claiming such) for our rice export shipments abroad ???? They offer terminal handling to sea freight operations.

Thanks in advance.....

CERTIFICATE-
" Name and address of the Non Resident Company-
IAL Container Line(UK) Ltd. 5, New Street Square, London EC4A 3TW, United Kingdom

Name and address of the Indian Agent -
IAL INDIA LIMITED 6th Floor, Metro Plaza, Market Road, Kochi, 682014.

As per the documents filed by the Indian agent namely M/s IAL INDIA LIMITED, it is found that the Non-resident company M/s IAL Container Line(UK) Ltd, London has its place of Effective Management in UK. Thus the Income earned by way of shipping business by the above Non resident Company is not taxable in India as per Article 9 of the Double Taxation Avoidance Agreement between India and United Kingdom. (Notified in Notification No. GSR 91(E) dated 11/02/1994).

The Non- resident Company is, therefore, entitled to 100% relief on profits from operation of ships in international traffic. This exemption certificate is not applicable in respect of earnings made by the non resident Company from the INLAND/COASTAL operations. "

Hi,
I want to convert 2(TWO) Partnership Firms into one Private Limited Company. Please suggest me the effective way out through which i can save the tax on transfer and covert both the firms in one company.

I have submitted form 109 for the taking transfer from current articleship from 01/05/2013. Now if I start my new articleship say from 06/05/2013, then is the 5 days considered as leaves (which are permissible under the rules i.e. 156 days)?

I was working in saudi to do the onsite project and i am getting salary from both the company(offshore and onsite company).Whether i can claim the HRA exemption in india from the employer to avoid the tax.

Hello,

A company is importing goods from China and is sending Cash via Dubai / hongkong for underinvoiced portion of the billings . As such , they are also avoiding paying customs on this . The CHA is also hands in glove with the company .

what is the legal implication of this ? I am being coerced to be a part of this but I fear about the legal implications so I want to stay away from this type of dealings .

would be obliged for a suitable answer .

What is the procedure to be followed for a Single (Decentralised) Registration under Service Tax.
Also, what are the documents required for the same?

A Private ltd. company incorporated on 29-03-2012,

can it increase its auth.capital and make allotment on 31.03.2012

as notice is given before 21 (clear days)

please reply

sir, my client is providing cargo handling services.During Qtr July To Sep 2012, he paid service tax by self @ 12.36% on the Value of Services of Rs. 112700 but on the value of Rs. 1222018/- the service receiver has paid sevice tax on 100% value.
can you tell me Is it covered under notification 30/2012 SI No-2
& How do I fill above these in St-3 offline utility form.

Respected members,

We are well aware that the fully paid up shares can be transferred/ transmitted to a minor, provided the name of the guardian and not that of the minor is entered in the Register of members.

My query is Can a minor ( through guardian ) transfer those shares.

Regards,
Shinod K P

Hi,

My question is in order to classify as "Prepaid Expenses", do we have to really pay the expenses in advance or an accrual of liability towards is expenses is enough?

For Eg; Suppose the accounting year of a company is calender year. The rent for the period 1-8-2012 to 31-7-2013 has been given by way of Post Dated Cheques (assume 12 cheques). In this case does the rent from 1-1-2013 to 31-7-2013 to be classified as Prepaid expenses?

Regards
S Menon