Prashant
30 May 2009 at 21:43
We had launched the scheme with our franchisees that if franchisee achieves the target then he will be alloted a new Car.
Now 2 of our franchisees have achieved their targets and are eligible for the Car.
So what will be the accounting treatment. Is it to be called as commission,an incentive or discount or any thing else.
My next question is about the applicability of TDS. Whether TDS will be attracted and if yes under what head.
Further we have not yet given the cars but while finalizing our books we need to take provision on the same so if TDS is applicable do we need to pay immediately.
Similarly we will have to recover TDS from the party since he is paid in kind. So is it a correct to recover the same from him
Thanks in advance
atul kakkar
30 May 2009 at 13:54
what is the normal time to issue show cause in service tax ,can it issued for penalty in any time with in 5 years
cheshta
30 May 2009 at 11:36
Hello everyone
I want to ask query about section 140A which i did not find in the book.
If self assessment tax falls short of tax and interest first it would be adjusted towards interest u/s 234ABC but if self assessment tax falls short of even interest amount then what will be the basis for apportioning it towards 234ABC and under what section?
Please reply.
satish
28 May 2009 at 16:44
sir
Can u tell me about this matter
one bill issued by me Worth amount is 271 USD and he paid me against biil amount 12044 Rs and the actual Bill amount is 13200.41Rs in indian curr.
tall me he authrise tds ded in my payment the payment is forgein
Thanks
Satish
kalpesh
27 May 2009 at 16:59
Can anyone give me this case law
B.M.Malani vs CIt ITR 306.
alsi circular 530 dated 06.03.1989 read with circular 589 dated 16.01.1991.
it is in relation with interest waiver under section 220 of income tax act.
can anyone explain in a simpl way what this section and case conveys
Pardeep jagdeva
27 May 2009 at 14:41
Sir,
i have filled a civil writ to obtain 10%reward from the tax department on actual recovery from whom who avoid to pay the income tax to the tax department i am the informer in this matter i need some judgements on this point of Delhi high court.
Please send me citaion
Pardeep jagdeva
(Advocate)
krina thakkar
26 May 2009 at 10:54
Kindly explain me that If in income tax, service tax, tds etc. , educationn cess & higher education cess are calculated, then why they are not calculated in VAT & CST ???? I want to know about this logically with perfect reason.
Krina Thakkar.
pratik
26 May 2009 at 10:04
1.)what do u mean by best judgment assessment under section 144 of the income tax act, 1961 in detail. with suitable example.
Note : (To the expert do write any thing vague if u have the answer than only reply no need to say u should go & meet the advocate etc............)
so to say this but i have to.
Ashwin Jain
25 May 2009 at 23:11
Hello all,
One thing which I know is that no service tax is leviable on service renders by Lawyers.
But please anyone explain me the reason for such provisions as they also provide service.
Please give me reason in detail
Thank you
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Classification of Service
Hi All
My query is that:
A is picking up fly ash from B companies premises. B is not selling ash to A but are reimbursed Rs.50 per metric tonne as administrative charges.
Is B company liable to pay service tax for such reimbursement of Rs50. If yes, please classify the service.
Thanks
Ajay Sharma