Shyam Lal Naik's Expert Profile

Queries Replied : 1861

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mahesh says : applicability of TAN
Dear sir, I am working in trading firm.They have just started the business.They have to pay the amount of Commssion to the person but this amount is more than the amount of TDS applicable. when can we apply for TDS no. is it necessary to apply for TDS in this year because their business is just started. I feel that we can apply for TDS no.when our turnover limit cross the amount of 40 lakh.then we can apply for TAN in the next year. Is it right? pls.sir give me your openion.

Dushyant says : Technical knowhow fees
Hello Sir, I worked in Indian 100% Subsidiaries Company, to its parent company situated in UK. Our Delhi client agreement with Uk co, for software license fees (note: client registered with UK co,).Client deducted 10% TDS on UK License fees & Uk co, can not take the TDS exempted benefit of this tax. Then Uk co, decide raised the new invoices to Delhi client & UK does not cash the payment which client's have sent & that payment has sent to us. Can we do this if no so pls.show me the right ways. Whether Invoice raised to delhi client is any service-tax applicable in invoice? which accounts head better we choose licence fees or Technical knowhow fees? sorry sir,my english is so poor but reply as soon as possible.. thank you very much

Amit Dhanurdhari says : TDS Allowing till September 2008
Dear Mr Shyam, Request to please provide the notification number and date under which TDS Provision pertaining to March'08, if paid till filing return is allowed as deduction for F.Y 2007-08. Thanking You, Amit

Vijay Chitte says : Service tax - Classification of service
Dear Sir, Please guide me, as per the below sited services, fall under wich category? We are proving a Liaisoning work to the various needs for services of our Customers, with various goverment, semi government agencies, statutory authorities, regulatory authorities, government hospitals and institutions, as per the requirement of our customers in the following areas: Assist in discharging the liability of export obligations of the company and to prepare representation for reduction of export obligation, To guide for maintaining cordial relations with the major customers i.e. company's distributors, stockiest, various authorities and agencies, statutory organizations i.e. Drug Authorities, Druggist Association, Medical Representative Associations etc, To support / coordinate liaison with legal advisors, bankers, financial institutions, stock exchanges, insurance companies etc. , To coordinate or liaisoning with the Gujarat Electricity Board / Environmental pollution control board to represent and safeguard the interests of the Company.