Royalty payment i.s forign remittance whether we have to deduct TDS including of service tax ( Gross amount) or excluding of service tax( on net amount)


Kindly suggest.

Our Co. Purchase a software of Rs. 200000/- for Inventory Management & updagrate it for 1 year & pay Rs. 18000/- in same month
Party Raised bill as follows:

Software (Ver.XXX) : 200000
Software Update for : 18000
1 Year

Vat @4% on 218000 & Service Tax 10.30% on 218000

Is this correct?

Pl tell me....

Dear Sir,

Our Firm pays Recurring deposit on behalf of our office staff per month for 5 years under some bank Scheme.The Deduction are:

total RD : 1350.00
50% will be deducted from salary & 50% the firm will bear.

Please say What expenses should be debited for 50% which the firm pays.Shou;d it be treated as salary & welfare.

Please reply.

Thanks & regards

Survesh

Question:
How to verify whether the cheque issued is account payee or cross cheque by the bank statement?(In respect of Section 40A(3))

Law wording is:

Explanation I : For the purposes of sub-sections (1B) and (1C), "specified number" means, -
(a) in the case of a person or firm holding appointment as auditor of a number of companies each
of which has a paid-up share capital of less than rupees twenty-five lakhs, twenty such
companies;
(b) in any other case, twenty companies, out of which not more than ten shall be companies each
of which has a paid-up share capital of rupees twenty-five lakhs or more

Here, "co." is mentioned so why limit is counted as for "public co."
the limit of 20 should be for both public and pvt.

Kindly provide information requested as below

What is the detailed audit procedure for verification of the following?

1. Letter of Credit
2. Annual Maintenance Contracts (AMCs)
3. Physical verification of Fixed Asset

The compapany has purchased Color Inkjet Printing with lamination for advertisement purpose, is the company liable to deduct TDS while making the payment....?

Kindly suggest.

I m the student of ICWAI inter stage II(2002) syllabus. pls tell me from where i can get the same.

i am working in X Company, i stayed one day in hyderabad for that the company has paid Room Tarrif Rs.2000 and Luxury Tax Rs.100
Total 2100 is the company liable to deduct TDS while making the payment kindly suggest.

hello friends
can u plz tell me if there is any internal audit for charitable trusts?
wt should be the internal audit programme?