A Ltd has taken Security Deposit of Rs. 50000/- (Rs. 1000/- in cash and Rs. 49000/- by DD) in Previous Year 2008-09 from Mr. Ramlal. Now on 10th Aug 09, A Ltd is further going to take Security Deposit of Rs. 17500/- in cash from Mr. Ramlal. My query is – Whether Company is violating Sec. 269SS or not? Kindly explain me in detail.



Thanks

CA Deepali Jain

i have apply to become expert on 3 oct. 2009. but my application is still pending. plz solve my problem.

We have done the online payment of T.D.S, but the TAN number entered in it was wrong, so the credit would be get to party whoose TAN number is mentioned in it, so please tell me what to do and also the payment has been done today, so can the payment would stopped/revised.

Can I find the FIRSTNAME & SURNAME in the PAN card using the Date of birth of the assessee

1) my question is when it shall be treated as waste and when removal as such while preparation of ER 1
when aur intermediate goods have been sold
when the input has been sold
when capital goods have been sold
when material sent on job work and on non receipt of material within 180 days duty has been paid by raising excise invoice

2)what are the different treatments if we choose for one or the other

3)whether intermediate goods which are captively consumed shall be shown as a separate item in the ER 6 return

4) when the goods sent under job work and duty has been paid on it. At the time when said material is received whether capital goods entitle for 100% credit or 50%

I shall be thankful if someone will quote releavant sections ar rules or notifiacations supporting to the reply

Indian Company contracted a Canadian Company for some consultancy service, Canadian Company having a Permanent Establishment(P.E) in India, The Expatriate of Canada Comes here in India & rendered the services to that Indian Concern at the Clients( Indian co.) place only & returned back to his home country. The Indian Company has paid the fees of the Canadian Company in Canada in Dollars. The question is-

1. Should it be regarded as Import of Services, if yes than to whom, the P.E or the Client
2. Should the Permanent Establishment is liable to pay service tax in India on that services, as the Invoicing is being done by canada & the Payment is recd. in Dollars in Canada, Singh the canadian company having a PE in India, & because of that PE it is liable to pay service tax.
3. Is any case law supporting this ( i mean, The Liablity to pay Service Tax in this regard comes on to the Indian Company & not the P.E)

Please Advise

i just want to know that in nov.2009 exams acc. to notification is there all the paper is practical.

A person has income from sole proprietor business (milk dairy), in the range of 3 lac to 3.5 lakh.

The business has turnover of less than 30 lakh and doesnot maintain books of accounts.

Is the firm liable to maintain proper accounts?

I have also heard about a provision that if a firm has turnover under 40 lakh, profit can simply be taken as 5% of turnover. Please explain??

Can any one will help me on this ?
How to calculate the Annual consumption by using EOQ, if the following data is available

1.Purchase price of the material-Rs.200
2.Cost of an order-Rs.100
3.Annual cost of carrying one unit of inventory-Rs.20
4.Total cost of carrying inventory and ordering cost per annum-Rs.4000

from 1.10.09 efftects in TDS rates are applicable. all Cess & surcharge are removed from 1.10.09.

we are going to make payment to contractor & sub contractor (Advt). the bills are for the period of august & sept 09. the date on bills are sept & august 09.

now in Oct. month we have to make the payment to them, My Query is At what rate should i deduct TDS is it 2% with Ed.cess or Only 2% without Ed.cess.

Regards
Amol