AFTER PASSING MY CPT CAN I ALSO DO MY POST GRADUATION SIDE BY SIDE OR HAVE TO DO IT VIA CORRESPONDENCE?IS COACHING ABSOLUTELY NECESSARY FOR CPT?

Is Incentive given to employee is taxable?

dear all,
reply me the procedure and required documents for the purpose of cancellation of service tax no.
thnks

Dear all,

We have paid one of our employees an amount equal to his notice pay. His previous employer has not shown this payment in form 16. If we show this money as his income then his tax liability will be more. How should we treat the money paid to him? Is it an expense for the company?

'X' owns a residential house. His father also owns a residential house.
After the death of his father, 'X' and his brother becomes the legal heirs of their father's house and his brother is residing in that house.

In this case,
1) Will 'X' be treated as Co-owner of the property?
2) Will 'X ' be required to show any one house as "Deemed to be let-out"?

Can u pls explain FTP ( FUNDS TRANSFER PRICING) and its uses for a company

regds,S.KUMAR

IS there any book for PCC law - case studies?

Charmy S.

Are provisions of Sec. 195 of IT Act, 1961 applicable?

eg:
There is JV between two companies Indian & Foreign.
Suppose Foreign Co. provides some employees to JV and those emplyoees while on duty incurr some expenses on behalf of JV which calls for reimbursement. Now Foreign Co. reimburses those expenses and raises debit note of those expenses on JV. JV for whom actual expenses are incurred reimburses those expenses to Foreign Co. To make it convinient Foreign Co. plays intermediater role.

Is payment towards debit note i.e. reimbursing of Expenses to Foreign Company falls under provisions of Sec. 195??


Please reply to matter its urgent.

Citation of Case laws in favour of not application of Sec. 195 will highly be appreciated.

Thanks.

Are provisions of Sec. 195 of IT Act, 1961 applicable?

eg:
There is JV between two companies Indian & Foreign.
Suppose Foreign Co. provides some employees to JV and those emplyoees while on duty incurr some expenses on behalf of JV which calls for reimbursement. Now Foreign Co. reimburses those expenses and raises debit note of those expenses on JV. JV for whom actual expenses are incurred reimburses those expenses to Foreign Co. To make it convinient Foreign Co. plays intermediater role.

Is payment towards debit note i.e. reimbursing of Expenses to Foreign Company falls under provisions of Sec. 195??


Please reply to matter its urgent.

Citation of Case laws in favour of not application of Sec. 195 will highly be appreciated.

Thanks.

WE ARE RENTING OUT MACHINES TO OUR CLIENTS IN TWO WAYS (1) MACHINES ARE SUPPLIED TO THE COMPANY AND THEY OPERATE THEM (2) MACHINES ARE SENT ALONGWITH MANPOWER TO RUN THEM. DO WE PAY SERVICE TAX OR VAT?


ALOK DAS