WHETHER A STPI UNITS ( SAY BPO CALL CENTER, SERVING TO US CLIENTS ONLY) CAN GET REFUND OF SERVICE TAX PAID ON THE INPUT OF SERVICES. AS ITS EXPORT OF SERVICES, NO SERVICE TAX IS CHARGABLE ON SALES. HENCE, THERE IS NO QUESTION OF SET OFF OF INPUT SERICE TAX.

IS THERE ANY CLEAR CLARIFICATION ABOUT REFUND OF SERVICE TAX PAID ON INPUT SERVICES FOR SUCH COMPANY?

Sir,
Pls guide me how should I calculate depriciation as per company act.

Sir,

Pls send me rates of depriciation as per income tax act for A.y 2009-10.

Sir,

Could you pls send a computation of income tax for individual containing all the rebates etc.

Hi All,

Just want to clear my doubts from all of you regarding subsidary company.

1. Can main company adjust their profit with subsidery.

2. If main company gives their building to subsidery for running of business so can main company charge rent from them.

Regards

Deepak

Sir,

pls guide me if i have provided rs.10,000 as income tax and my advance tax s is rs.
8000.00 as on 31st march then in next year how should i setoff both the accounts.

pls tell me what adjustment entries should I pass.


Thanks

It is mandatory to keep books of accounts of a company on accural basis



if we want to maintain our book of accounts on cash basis
it is allowable or not according to Indian Companies Act 1956 or India Income Tax Act 1961.

It is mandatory to keep books of accounts in the case of a company on marcantile basis

Sir,

pls let me know the investments on which we get the rebates on income tax and their rates such as LIC,PPF,Bank Interst etc.

Please advise me regarding the Non payments of TDs, We were partnership firm and it is taken over by a Private limited company in the A.Y 2008-09 after taken over we didn't accounted any transaction in partnership firm so vendor payments and all payments made in Private limited company so we did not file any tds return for the partnership firm. At present form Income tax Department they send us a letter regarding the Non payment of tds in partnership firm what can I do and what is procedure to solve the problem