My client is a distributor of xerox machines. He enters into full service maintenance agreement with his customers for service and also for supply of toner, catridge & drums. He collects 4% works contract tax for this agreement. Whether he has to reverse the input credit for the free supply of toner catridge etc..

pls help to resolve this issue

suppose an MR. A has commission income in P.Y 2005-2006 and his TDS has not been deducted by ABC LTD ,then resultantly commission expense will be disallowed to ABC LTD for the P.Y 2005-2006 And same will be allowed in the previous year when he deduct TDS and deposit it into the credit of central govt.(SUPPOSE ABC LTD DEDUCTED TDS IN PY 2008-2009)
Now my question is that can MR.A claim TDS in the subsequent previous year(i.e P.Y 2008-2009) he got TDS certificate from ABC LTD.(Mr. A had already filed his return u/s 139(1) FOR P.Y 2005-2006 AND FOR YEAR 2006-2007 AND P.Y 2007-2008)
PLEASE NOTE THAT REVISION U/S 139(5) IS TIME BARRED NOW.

I would like to start one educational couching center. Should I register it? Or any other plan is there, if it is not success I will drop it, and what is the process for registration? would please give answer detaile!

Whether service tax is applicable to IT & software related services?

can loss from day trading in shares be set off aginst long term capital gain

I have got 64 marks in MICS in nov.2007 final exams....In may 2008 I have got 61 marks in IDT.
My Query is can I avail exemption in IDT by surrendering MICS marks?
Is there any procedure so that I can exempt IDT marks by surrendering MICS marks?
Help me please as soon as possible.......I have received a resoved query but still dont know the procedure..............

If I am looking to increase the authorised share capital of a company, and I also want to issue shares at a premium to the investor who is coming into the company, does the authorised capital have to include such premium amount? How much will be my stamp duty and ROC Fees? Will the premium amount have to be included in the computation of such stamp duty and ROC fees? Thanks.

I have passed me group 2 in this may. Now I am preparing for group 1. but I faces extreme difficulty in MAFA. I am very confused about it. I don’t have any coaching also. Capital Budgeting is ok, but for other topics difficulties are there. Please suggest any strategy for preparation.

can anybody answer
if some contract work is given to professionals or technical person then tds under which section to be deducted is it 194j or 194c

TO
mr ramesh ahuja
Iam apreciating your answer but still i want to ask:
wheather it is not necessary that tds return should be issued at pan card address irrespective of bill address.
suppose on bill correspondence address is written and pan card has been obtained in corporate address.
then what will be the cikrcumstances