if an indudual receives a professional fee bill for 7.00 lacs for design and consulting for his new falt. Is he required to deduct and make TDS paymnet on professional bill.

I am now in my final year of articleship and want to take transfer on medical grounds is it possible for me to take termination in the present situation,bcos as per the regulation normally an article cannot take transfer in the first six month and during the last one year of articleship. Some one please help me

CAN ANYONE PLZ TELL ME THE SERVICE TAX RATE FOR HOTEL BOOKING INCLUSIVE OF EDUCATION CESS?

Sir ,
i recently clear my Graduation with60% of marks pls give me suggetion for admission, its fees shedules etc

We Purchase Raw Material from Different Different parties located in various place in India on Condition of Ex-Work. We pay Service Tax on Inward Freight (10.30 % on 25% of Total Freight). Can We take Credit of this Service Tax Which we have pay of Inward freight with Excise Duty.
Sir can you provide any Notification or circular on the said subject
regards
pradeep

how should i plan my preparation for may2011 FINAL exams, keeping in mind so many changes like IFRS, GST, DIRECT TAX CODE???

here one of our transporter who is rugularly delivered material from Our works to TML.We deduct TDS @2.266% from his bill.But we came to know that from October there are some chage in TDS Rates.

Please would you help me on which rate we deduct tds

Regards,
N.RAMESH

Dear Experts

This is with regard to a partnership firm which is already established. They are starting a new project for which estimates are made for preoperative expense (Upfront fee, Interest during construction etc..) The project financials were made for the purpose of term loans.
The treatment shown in the financials :
- The preliminary expense was amortised over a period of 5 years and shown in the P&L account. The unwritten off portion of the preliminary expense was shown in the asset side of the balance sheet.
But, the bank disagrees with this:
The reason : In ur case u have already formed the partnership wherein u may not be in a position to take up the TL upfront fees and interest on the TL during construction/modification/ renovation. These items are required to be charged to ur P & L only. pls recalculate the CMA data after charging these items to the P & L only.


Dear experts, Can you provide light on what can be done now? Is it allowable in the balance sheet or not?

If not, how can the accounting be complete? and Will it not inflate the other assets?

Kindly provide some light on this - my email umahcc@gmail.com
Thanks a ton

Uma

Will a staff quarters given on rent to employees by a company whose salary exceeds Rs 5 lac is taxable to wealth tax or not since we can take benefit of clause that it is been let out for more than 300 days? Whether we can take benfit of such provision.

Sir
Please tell me the Benefits of Filing Return even the total income is below the basic exemption limit???