Good Morning everyone.
I have a Query Regarding Live tax paid on purchase of vehicle.
What is the Accounting treatment for the same , should it be capitalise or charged to revenue ?

What should be the TDS rate for a Dubai based Company who works in India on Contract Basis..?

TATA ltd. picked up 51% equity stake in VSNL for rs.5000 crores. It earned a net cash flow from operating activities of rs.1200 crores. Out of this,rs.200 crores was received from VSNL in consideration of services provided by TATA ltd. to its subsidiary. TATA ltd. presented its cash flow statement as :

CASH FLOW FROM OPERATING ACTIVITIES :
operating inflow 1200cr
less: investment in subsidiary (5000)cr
________
(3800)cr
is it correct ?

Is this transaction is possible? if yes please explain the process and give reference

"A" an Indian party imports goods from foreign company "B" and sold through documents to "C" an Indian company, and "C" sold through documents to "D" a foreign company.

Goods not entered into the territory of India and directly shipped from company"B" to company"D"

Can A Student Do CA And CS Together?

The Said Student Has Passed CA-CPT & CA-IPCC.

ABC Ltd is availing regular business services from KK Inc. (a Foreign company) during the FY 2011-12 & 2012-13 and making payments regularly to KK Ltd without TDS deduction on the basis of NO PE certificate issued for these period for no deduction of TDS u/s 195.

However in Jan 2013, ABC Ltd received from KK Inc. a copy of letter issued by CIT dt July 2012 challenging KK Inc.'s PE status and issuing lower deduction of TDS @ 1% wef. April 2012.

Query -

1) Now whether No PE Certificate received from KK Inc. is sufficient for ABC Ltd to justify non deduction of TDS to avoid interest & penalty.
2) Does ABC Ltd need to investigate on PE status of KK Inc. for the period 2011-12 although it has a NO PE Certificate from KK Ltd.
3) Does ABC Ltd need to investigate on PE Status of other foreign co. which are in same business and running on same model as KK Inc. for their PE status though they have given NO PE Certificate to ABC Ltd.

Thanks & REgards

Dear Expert,

Whether contribution to Delhi Govt. Health Scheme is eligible u/s 80D.
Please Reply

How many years old income tax refund can be claimed in the current year...??

Hai This is Ritesh Khaitan. I have left my studies near 10 years ago now again i wish to start my studies . and i wish to join CS so what shold i do ???

Dear Experts,

I am in need of some information which can help us to understand if there are some income tax savings schemes for private lts companies like we have for individuals.

Other related query would be -

Where as a pvt ltd company can we invest so that our tax liability comes down.

Is there any way to achieve this ? Please do let me know.

Regards