Sold the very old assets of the firm, it comes a loss as per WDV. Can be adjusted in firm business income.

let me know the tax implication in following case.

my client is providing clearing & forwarding services in india and also getting cleared & forwarded by clearing & forwarding companies outside india.

Situation :
My client got a consignment cleared from custom by an american clearing & forwarding company.
the american company raised a bill for providing service in america but my client credited his account for the bill amount but did not pay in monetary form because there was mutual agreement that my client will provide ticket whenever american company's employee comes in india.
the american company employee came and my client provided ticket and debited his account for the cost of ticket.

Please suggest me tax implication keeping in view DTAA with America.

Hi,
I cleared CA Final in Nov '08 and applied for membership in March. Also I got to know my M.No. over phone.
Can I get the membership certificate in the convocation to be held on 21st June? Or, can I get only the pass certificate over the counter?
Pls. clarify.

HI... This is Karun, Nwe user here.
I just want to know that if we are deducting TDS for Professional Charges from any Party's payment, how could we get that whether the party is coming undr the surcharge slab or not............

for example.....
ABC co. deducting TDS from the Professional Services provided by YZ & Co., a firm..... & now i dont know whether TDS cut should be 10.30% (without surcharge) or 11.33% (with surcharge).

IF A CLIENT/ DEALER HE IS DEALING IN THE MANUFACTURING OF SIGN BOARDS AND IS A REGISTERED DEALER. I JUST WANTED TO KNOW WHAT PERCENTAGE OF VAT HE SHOULD APPLY (4 % OR 12.5 %) WHEN HE MANUFACTURERS & SELLS THIS GOODS.
NATURE OF BUSINESS ON THE CERTIFICATE OF REGISTRATION ARE AS FOLLOWS:- RESELLER, MANUFACTURER, RETAILER, WORKS CONTRACTOR.

OUT OF WHICH HE ONLY TAKES ORDERS OF MANUFACTURING & SELLS IT TO THAT PARTICULAR CLIENT.

PLEASE ANSWER ASAP.

THANKS & REGARDS

As we know service tax is paid only when consideration for service is received. if no consideration is received no service tax liability arises.

At the time of billing we credit service tax account and provide service tax liability in the books of account whereas there is no service tax liability arises at the time of billing.

Please suggest proper accouting treatment of service tax so that liability can be created in the books of account only when it actually arises.

If we have quoted wrong pan of the vendor in filing TDS return for previous F.Y. then what to do in that case ? Do we have to file revised return for that single vendor for whole last year or is there any other way s there for rectifying that mistake like by giving a letter in writing to vendor.

UNDER WHICH SECTION OF COMPANIES ACT BLANKET RESOLUTION PASSED IS INVALID?

Whenever foreign co set up Project Office in India, it has to register itself with RoC and obtain Certificate of Establishment. What if the same foreign co sets up another Project Office? Does foreign co has to obtain fresh Certificate of Establishment or make amendments to the existing one? Which form is to be used for this purpose? Thanks

Distinguish between basic salary and basic pay in respect of Income tax Act, 1961.