Hi

Pl revert for foll, post abolishment of FBT, what is effect on foll
- Co reimburses notice pay to employee.employee pays same to previous employer.
- co reimburses notice pay directly to previous employer

Whats are tax implications on same ? TDS to be deducted ? on basis of which section ? Pl revert

Sir,
Whether service tax is applicable to
i. Wood cutting in mills ;
ii. Sawing charges;
iii. Plaining charges ? (All the three relating to wood industry)

If yes under which service it will come?

If my taxable income is below the exemption limit, but I have additional tax free income (LTCG on shares, PPF interest etc.),which takes my total income well above the exemption limit, then do I have to file IT returns ?

Thanks & Regards

We are a manufacturing company. One of our customer insists us that freight amount and the service tax on freight should form part of the commercial invoice. The freight bill is sent by the transporters to us and we remit the service tax due on it to the Government.
Please advice us whether we can transfer the service tax paid by us to our customer through the commercial invoice.

E.g Format of Invoice
Basic value xxxx
Add : Excise Duty xxxx
Total xxxx
Sales Tax xxxx
Freight charges xxxx
Service Tax xxxx
Grand Total xxxx

DEAR SIR/MADAM

AN ORGANIZATION REGISTERED U/S 25 OF COMPANIES ACT 1913 THIS ORGANIZATION APPLIED ITS PAN WHICH STATUS I.E. TRUST/AOP/COMPANY. PLEASE TELL
IF we are applied PAN AOP and we filed These organization Returns which FOrm i.e. ITR-5 OR ITR-6. AND IF DURING THE YEAR ORGANIZATION IS COVERED UNDER LOSS ALSO COMPULSORY FILE THROUGH E-FILING OR MANUAL FILING. ITS VERY URGENT SIR. PLEASE TELL

THANKS IN ADVANCE

Sir,

With reference to above subject Surcharge is abolish on indivisional in this budget 2009-10.

I want know with effect from date ?

Regards, Choudhari

ihave purchased 3 acres of an urban agricultural land on 15-06-2004 by a payment of rs 2lacs per acre,and spent rs.60000/-to devp.authorty in 2007,rs100000/ at bangalore for to get permission for use of land for non agriculture purpose now i have deciced to sell on 05-08-2009,all the 3 acres of land to one sri vigneshwar griha Nirman Sangha consists of 40 members therin iam also one of the member & chairman also .what type of taxes i have to paytothe income tax dept.what type of tax burden will on the Vigneshwar griha nirman sangha if they have under taken to develop and allot the plots its members

Fact :

A Foreign National i.e. Sri Lankan, who is a student studing in XXX University in Chennai. He is not a student of ICAI or ICSI.

The said student is holding STUDENT VISA for his education in India.

Query :

As the student is holding the STUDENT VISA, whether he can promote a company in India and become a director in private company. (He is not in employment and not doing any business).

If so, I may be provided the relevant details to get myself satisfied and convinced.

I look forward to receive the response from the experts.

Thanks for the response.

Sir
As per IT dept efiling acknowledgements are to be sent to Bangalore through ORDINARY POST only for the asst year 2009-10. But sending by ordinary post may not be as safe as Registered Post and later we may not be able to establish that we have send the efling acknowledgement in time to the specified address in Banlgore in case the post does not reach. How to overcome this hurdle.