Dear Experts,
In our books opening balance of sub contractors is showing Rs 4,75,000/- and this year we have huge cash-in-hand balance so can we pay off the entire sub contractors dues by cash or is there any conditions for cash payments. We already paid the TDS on the subcontractors amounts.

Thanks in advance

in which condition MAT IS Applicable and on which amount should the MAT be computed

Is any exemption of TDS if Printing charges is below 25,000 in a year

Dear Experts,
Proforma invoice Number and The original Invoice Number should be same or they may be different and one more doubt is when we need to pay tax whether at the time of issue of proforma invoice or at the time of issue of original invoice

Suppose i had not deducted TDS while making payments to my client, but i had paid it in TDS return even it has not deducted no such entries were passed by me!!

Payment entry

Mr.A a/c...Dr 10000
To, Cash/ bank 10000

"I had not deducted TDS on 10000
but a had paid it in TDS Return"
if he is not that paying then...

can I debit this excess paid TDS in P& L a/c
if yes what entries i need to pass????

if we recieve some advance against the works to be executed from the person whose works to be executed in construction contracts ,and we keep in bank then how to treat the interest recieved? 2)if we keep the amount as FD then how to treat

1)if some deposits are required to participate in Tender and unfortunately did not got the tender.Then the total interest recieved on deposits shuold be recognised as oncome or the tender expense should be deducted.
or the tender expense should be booked after adjusting interest 2)if got the contract then how to deal the interest

Suppose i had not deducted TDS while making payments to my client, but i had paid it in TDS return even it has not deducted no such entries were passed by me!!

Payment entry

Mr.A a/c...Dr 10000
To, Cash/ bank 10000

"I had not deducted TDS on 10000
but a had paid it in TDS Return"

can I debit this excess paid TDS in P& L a/c
if yes what entries i need to pass????

I have TDS deducted (Asset) in my balance sheet as on year ended 31st march 2010.

what should i do with this TDS amount in the current yr
1. Should it remain as it is?
if not,
what enties i need to pass????

pf duedate of payment
pt duedate of payment
tds duedate of payment
vat duedate of payment
cst duedate of payment
service tax duedate of payment
esic duedate of payment

and return filing duedate of all

plz let me know

best regards
irfan