Sir,

Please inform about the PT liability on Bonus paid.


With Warm Regards,

Prabhu

My question is : our company is in Infrastructure business and presently doing BOT Project i.e. Raod work it will take 2 years to complete the contract and thereafter toll tax will be charged as income for another 10 years. How the income will be determined and what will be the income tax liability. Please expain and refer the concern section of IT act.

Hello members my query is regarding application of sec 226(3)(d) which specifies disqualification when auditor indebted to co. for sum exceeding 1000 and also it has been specified in code of ethics that a member should not owe more than 10000 to any concern whom he is considering for audit assigment. Whether the same will be applicable for Banks i.e. nationalised banks where one of the partners has taken loan. is the above disqualification for statutory audit only. or do concurrent audit and revenue audits are also covered for the same. please reply urgently.

DEAR SIR/ MADAM

AIDED COLLEGE STAFF SALARIES PAID TWO THREE MONTHS SALARIES AT A TIME AT THIS SITUATION

MANAGEMENT DEDUCT TDS AT THE TIME OF SALARIES PAID OR CREDITED ACTUALLY AIDED COLLEGE NOT MAINTAINED CREDIT BASE ITS ONLY MAINTAINED PAYMENT BASE.

IN MARCH MOTH SALARIES PAID MAY OR JUNE BUT BILL IS PASSED IN TREASURY IN THE MONTH OF 31ST MARCH ENDING EVERY YEAR IN THIS SITUATION MANAGEMENT SHOWN SALARIES IN FOR-16 ACTUALLY PAID OR MARCH- SALARIES

ANY IT SECTIONS ARE REQUIRED IN THIS POINTS PLEASE TELL PARTICULAR SECTION NUMBERS

THANKS INADVANCE

can i claim Depreciation in revised return which i forget to claim in original return?

I have received a email from IT Department which is having a .xls+ file in zip format. It has is password protected. I am not able to open the file even my password is correct it is in lower case with PAN + DOB(DDMMYYYY) combination. When i try to unzip it , it says that Winzip encountered problem during this operation

Manoj

Dear Experts,

I have given passport no of one of the subscribers for applying for name approval ie FORM 1A. Subsequently the din of the subscriber was obtained. while filling the FORM 1 I have given the din details.But the prescrutiny showed error. when passport no is given in FORM 1, no error found msg shown. How to proceed with this? Whether DIN 3 to be submitted to ROC AND WHEN IT HAS TO BE SUBMITTED? THANKS IN ADVANCE.

A co. is taking services of transport agent and transport agent is making invoices in following manner:

Weight Rate Amount
20 1200 24,000/-

it is mentioned in transporter's invoice that service tax is paid by consignee.

It is mutually decided by both parties that service tax will be paid by consignee but amount of service tax will be deducted from transporter's amount.

Now Company is making payment to transporter in this way:

Amount 24,000
Less: Service Tax (618)(24,000*25%*10.3%) --------
23,382/-
-------

(Service Tax is calculated only on 25% value due to availing exemption notification).

Is service tax calculation correct?

Hi,

Pleas say what is the meaning of Deemed Income OR deemed profit.

Regards

Hi sir,

Please say me that if a Pipeline contractor spend rs.80,000.00 on machine repairs on his site is it a Direct or indirect Expenses.


Regards