A company has paid the first installment(full 15%) by June 17th, instead of the stipulated June 15th. I'd like to know whether the Interest payable ... Read Full Issue

sec 2(f) of central Excise Act,1944 defines manufacture as under:- "manufacture" includes any process,—   i. incidental or ... Read Full Issue

The assessee claimed a refund in his return. The amount was refunded, even though scrutiny proceedings were intiated. The AO passed an order, 2 ... Read Full Issue

The US Holding company has bought the license for a login, and uses the same during it's day time. The Indian subsidiary company, uses the same login ... Read Full Issue

Whether payments by Husband to contractors doing carpentry and other work in house built by wife attracts   Section 269SS These are repaid by ... Read Full Issue

Whether Data Networking cables can be classified as plant and machinery alongwith Routing equipments under the  Income Tax Act classifications. ... Read Full Issue

Since Prior Period Item is not an allowable expenditure under Income tax, Can the prev year returns be revised to give effect for the same.

The Auditor has classified a set of expenses as 'Prior Period Items' which accordingly goes to reduce the profit. What is the treatment of 'Prior ... Read Full Issue

Facts of the Case:  The Company proposes to register itself with the STPI in-order to claim tax benefits available under the Income Tax ... Read Full Issue

'A' Sells a property for Rs.80 L(Assume it's the FMV) to 'B'. The guideline/stamp value for the property is Rs. 120 L. The Full value of ... Read Full Issue

Received an invoice that read 'Professional Fees for referral of candidate' by a HR Management Services company, and the same didnt contain Service ... Read Full Issue

Company 'A', that is into travel management(No tours or packages) books tickets, and charges commission for the same. How is service tax calculated ... Read Full Issue

sec 2(f) of central Excise Act,1944 defines manufacture as under:- "manufacture" includes any process,—   i. incidental or ... Read Full Issue

Whether payments by Husband to contractors doing carpentry and other work in house built by wife attracts   Section 269SS These are repaid by ... Read Full Issue

Daily  Allowance paid to employee during his foreign tour. Employee has given declaration that the DA paid to him wholley spent for office work. ... Read Full Issue

'A' Sells a property for Rs.80 L(Assume it's the FMV) to 'B'. The guideline/stamp value for the property is Rs. 120 L. The Full value of ... Read Full Issue