'A' IS A GOVT. CONTRACTOR AND GET A CONTRACT FOR ROAD WORK FROM GOVT. CONTRACTOR 'A' HAS SUBLET THIS WHOLE WORK TO ANOTHER CONTRACTOR 'B'. NOW CONTRACTOR 'B' HAS HIRE SOME MACHINERY FOR THIS ROAD WORK. 'C' IS A OWNER OF SOME MACHINERY AND GIVE HIS MACHINERY TO CONTRACTOR 'B' ON HIRE (MONTHLY RENT BASIS).

IS 'C' IS LIABLE FOR SERVICE TAX ON HIRE CHARGES RECEIVED MORE THAN RS. 12 LACS FROM CONTRACTOR 'B'.

Please tell me where in revised schedule VI to show following items. Kindly locate the same specifically.

1. Bank overdrawn.
2. Advance received from Debtors.
3. Advance paid to Creditors.

I don't recive my
articleship confirmation, i sent all
the documents on 05/04/2013. But
still i don't recieve my
confirmation.

Dear All,
i am residing at rented house & paying rentof Rs.12000/-p.m. Also i availed a housing loan for purchase of flat. can i claim Both HRA & Housing loan interest for my salary TDS calculation.

1) Can anyone confirm whether Sodexho coupons are eligible for exemption or deduction- if yes whether it is upto Rs. 50 per meal or any amount.
2) Whether any perquisite is to added for employee owning car and using partly for office and whether insurance, chauffer salary etc is deductible, if reimbursed, and any limit if specified.
3) If an employee has recd. part of Rs.15000 medical reimbursement and left his job can a person claim the balance from his other non-salary income or while filing the return from the same salary but revising his deduction to Rs.15000 while filing his annual return.

If two contract made one for service & second for sale of good then party raised bill for inclusive of both in same bill then,is it treated as work contract?

1) Can anyone confirm whether Sodexho coupons are eligible for exemption or deduction- if yes whether it is upto Rs. 50 per meal or any amount.
2) Whether any perquisite is to added for employee owning car and using partly for office and whether insurance, chauffer salary etc is deductible, if reimbursed, and any limit if specified.
3) If an employee has recd. part of Rs.15000 medical reimbursement and left his job can a person claim the balance from his other non-salary income or while filing the return from the same salary but revising his deduction to Rs.15000 while filing his annual return.

Dear Expert

Renting of immovable property is covered under service tax as deemed service.
Actually on what basis service tax is charged on renting of immovable property because there is no any service for providing though it is deemed service.

SIR,
I WOULD LIKE TO SELL THE SHARES OF MY COMPANY TO A CITIZEN OF BAHAMAS & WANT TO MAKE HIM A DIRECTOR IN MY COMPANY. SO I WANT CLARIFICATION ON FOLLOWING POINTS:
1. HE WILL INVEST IN MY SHARES SO IT WILL BECOME F.D.I.. SO WHAT ARE THE REQUIREMENTS TO BE FULFILLED.?
2. WHAT ARE THE APPROVALS I WANT TO TAKE FROM F.I.P.B. OR R.B.I.?
3. WHAT ARE THE REQUIREMENTS TO BE FULFILLED FOR M.C.A. APPROVAL.?
DETAILED PROCEDURE

Dear expert...
As i start to upload ITR for A.Y.2013-14 on income tax site after preparation on Excel utility downloaded from income tax site...

it shows error that At line number 31: the value '11' of element 'ITRform': country code is invalid but i selected right country code as 11-india...