Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?
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Whether the word LTD should be suffixed to the name of a Private Bank? Please quote the Section and the relevant ACT.
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Company "A" has just secured a contract for the provision of 100 cars for the use of company "B" at various locations. Company "B" will be paying Company "A" monthly for the use of each car. Company "B" has employed and trained drivers that will handle the cars. Advise company'A" on the most appropriate mode of financing option stating reasons. Either as a finance lease,operating lease or hire purchase.
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Sir, I request you to please solve my problem as given below- One Corporate is having Manufacturing unit and Trading unit also. That corporate prepared joint Balance sheet & Profit & Loss account. As given below - Corporate 1 2 Manufacturing Unit Trading Division Annual Profit by sale of product Annual profit by sale of Product Manufactured with the help of out sourced from open market for Fixed Assets ( Land,Building,Plant & Rs.150 Crs and sold for Rs.200Crs. Machineries of Rs.100 Crs. Net Profit – Rs. 5 Crs. Net Profit -Rs. 50 Crs. Total Income by clubbing both - Rs.55 Crs. But – that Corporate can avail depreciation Rs. 5 Crs only and rest amount of depreciation may be forwarded to next year. Because depreciation is meant for actual uses of Fixed assets. Otherwise Corporate used to increase the value of assets by over billing just to get benefit of depreciation from the income . Income from trading may be manipulated easily but not from manufacturing.
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IS TDS DEDUCTIBLE ON CARRIAGE INWARDS AMOUNT?
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