which company are included in nifty & bse?

case : Owner co(telecom)shares its site with anothe telecom co. & the another co. install additional equipment for it smoot functioning.

Q Under which section TDS is attrected for site sharing & renting its space for additional equipment & at what rates.

Section 200 of the Companies Act prohibts tax free payment of salary. However, under the income tax, gross up clause is available. Please advise on the following situation:

An employee is to be paid net of tax salary; but the offer letter is to be made or worded in such a way that it complies with Section 200 of the Companies Act, 1956.

Pls advice.

a. inputcredit from which date onwards can be availed.

b. inputcredit taken by quartely or half yearly or yearly basis.

Should Service tax be added and TDS be deducted on the following transaction?

Facts;
Instead of each company performing its own marketing activities, one company X in India is pooling their resources together to do what we call as cluster sales and marketing activities. Essentially, all the companies(including Company X) in India would contribute to a cluster fund. The fund is then used to hire sales people to promote group companies in India, and to perform different promotional activities.

Currently, all cluster activities are paid centrally by Comapny X. All cluster sales people are also hired by this X. The costs incurred are then shared by all group companies (including X). At the end of each month, Comapny X would bill the other group companies for their share of the costs.

Questions:

1. Would the above cost sharing arrangement trigger service tax? Should Comapny X add service tax when it's charging out the costs to the group companies? Note there is no profit element being added when Comapny X is charging the costs to group companies. All items are on a cost reimbursement basis.

2. Should TDS be deducted from the amount charged by Company X? If yes, under which section of the Income Tax Act?

Dear Sir / Ma'am,

Wether excise duty payable on finished goods is included in the closing stock of finished goods.

Regards
Prachi

Sitting fees received by Directors ( Nominee directors and Whole time directors ) is taxable under the head "Income from other sources " for nominee directors and under "Salary" for Executive / Whole time directors.

Am I correct ?

Hi! what are the areas should i focus during my articleship?
in my current firm i have learned only vouching?
what are the other areas i should focus on?
please reply soon

Thank you very much

If we fail to deduct TDS for the monthly telephone bills and pay TDS within the financial year, whether the telephone expenses will be allowed as business expenditure for that financial year ?

Please clarify.

Whether credit of Custom Duty and Addl Duty paid on import of Capital goods which is used to in providing taxable service is available? If so, how much? In return, the details of Input Service Format, Reg no. is ask. So how to show the same in case available as credit?