What is Company Profession Tax???
What is the rate/lump sum amt payable for the same and What is the due date for such payment with refence to the state of Maharashtra...

Hiiiiii
i hv cleared PE1 in May2006...
i hv registered under PCC course..
am i eligible 2 appear for PCC EXAM AFTER 18MONTHS ARTICLESHIP IN UPCOMING MAY 2008????
I HEARD DAT IN MAY 08 ITS PE2 AND NOT PCC....

Whether Companies(AS) Rules 2006 will be applicable in Nov2007 exams.

A company has paid an amount to employee's family on death of the employee due to an illness. This amount does not from part of gratuity. My query is what will be the nature of payment in case of company?Whether TDS has to be deducted and if yes, under what head ? And from employee point of view, will it be in the nature of capital receipt, hence not taxable?
Kindly advice.

Hello friends,

This is a pending query for last one month. If any one can help we nned to work out payment of Advance Tax.

QUERY :

A software company has two units. One is 100% EOU claiming expemption us/ 10 A. The other unit is also 100% EOU but not claiming 10 A exemption.

The unit claiming 10 A exemption is making profits and the other non 10 A unit is incurring losses for long time.

However, the losses for the non 10 A units are not more than profit of the unit claiming 10 A exemption.

Can any one help me with working out MAT liability by substing hypothetical figures?

The company has skipped its advance tax payemnt if any due in June, for want of MAT calculation.

Thank you.

Jayant Shaligram

Dear Sir

Q1.We are a S/W Company 100% EOU, registered under STPI & VAT (Karnataka), whether company can claim refund of VAT paid on input items?
Q2.We are having Export sales only, in this case what will be the refund criteria.

WE HAVE ENGAGED A CONTRACTOR FOR CONSTRUCTIION OF BUILDING. HE HAS DRAWN SOME ADVANCE FOR THIS WORK. IN ADDITION HE HAS SUBMITTED PART BILL ALONG WITH M BOOK AND GOT PAYMENT .I WOULD LIKE TO KNOW WHETHER WE ARE LIABLE TO COLLECT TAX (VAT) ON THE PAYMENTS MADE TO THEM JUST LIKE TDS OF INCOME TAX. I AM OF THE OPINION THAT CONTRACTOR IS TO CHARGE VAT /WC TAX ON FINAL BILL AND TO REMIT THE TAX. PL CLARIFY THE POSITION
AND THE FORMALITIES TO BE FOLLOWED WITH FORM DEETAILS.

I would like to know

Is there any Book for the mentioned subject which contain the Questions & Answers only?

If my brother send me money from abroad is there any tax libilities arise in india

Dear Experts

The query which I'm posting is related to accounting treatment for waiver of loans specifically waiver of principal amounts.

Lets say A Ltd. took a loan for financing fixed assets and later on A Ltd. turned into loss making company.

Lender i.e. financial institution waiver off certain portion of principal and interest. Now the query is what should be the accounting treatment of waiver of principal in the books of A Ltd.

rgds
hitesh