We have a contractor and he is building contractor and he raised a bill worth Rs. 15 Lacs with material to contract our new building. my question is what is the liabiltes of ESI & PF. Contractors had own ESI & PF Code No.

irrecovery of loan from staff.
Is it allowed in Bad Debts

Under DTAA Agreement Tax rate applicaple 10%

1- 10% is inclusive of e.cess & surcharge or not

2 - in Challan section 195 ticked or none


Please Urgent

sir could you give me a brief idea about MAT Minimum Alternate Tax

We have a contractor and he is building contractor and he raised a bill worth Rs. 15 Lacs with material to contract our new building. my question is what is the liabiltes of ESI & PF on including material value or excluding material value although both value calculated in same bill. Contractors had own ESI & PF Code No.

HI ALL,

PLEASE FURNISH THE FORMAT FOR AS-15 TO BE PRINTED IN PUBLIC LIMITED CO BALANCE SHEET. (.XLS FORMAT WILL BE HELPFUL TO ME)

THANKS

Is there any decision against penalty initiated against income estimated on assessment ??

Dear Experts,

Pls clear my doubt

1. Taxi hire charges paid to a Ltd Co, (one time) Exceeds Rs.20000.00 is it liable for TDS Deduction?

2.Technical service charge paid to "X Retail Managements". Cheque also issued to the same favour. PAN no given by the vendor belongs to Person Status. Now Pls tell me whether I have to deduct Surcharge also by treating as Judicial person or should not I deduct surcharge considering as Individual.

Thanks in advance.

Respected Sir,

Please help me about my bellow quarry.

I had submit an income tax return in Mayur Bhavan (New Delhi) for the F.Y. 2007-08 and my employer had educated so extra amount from my annual income and also I showed/claimed the refund should be Rs. 18,000/-, but I could not get the refund from income tax department yet.

So, please help me in this regarding, and let me know how I can get the same, what is the procedure to get the same. I am sure you will reply me soon and your reply will give me a great support.

Thanks & Regards,


Sambit
9910506161

Hi

It's a PVT. LTD. Company having established in July, 2008. My query is

1. whether we require to create provision for Gratuity in our books as on 31st March, 2009.

As we have not completed even 12 months of service as on date, whereas The Gratuity Act, as far i know applicablity of that Act arises on the organisation or employees who completes 12 months of Services.

On the other hand, Gratuity liability arises only after 5 years.

Please explain the relevant provisions of Act or paragraph of AS-15 relevant to this.

If it is mandatory for our organisation to disclose that

Then I think it's sufficient without providing in the books we will disclose in the notes to the accounts such as

1. The provision for Gratuity of INR .......has not been provided in the books, the same will be booked on actual basis.

Please gives your best opinion on the same at the earliest, as it's very urgent.

Thanks.

Best regards,

Rakesh