last year co was havin a profit and tax audit was done. this year co is havin loss so tax audit is to be done or not?

In case of frieght payments to carriers such as lorry who don't have any bank accounts in the place of unloading, payment could be made only by cash which may exceed Rs 20000 on a single day to the same party.

is there any mode so as to strictly comply with Section 40A of the Income tax Act 1961

For how many years a company should preserve it's books of accounts as per the IT Act,1961?

We follow different Formula for tds on bill amount and on payment amount. Th logic on payment is that the payment will be after tds hence on payment we put reverse formula and on bill amount we follow direct formula

Is there any base of provision for this ?

in letter of allotment of PAN, an assesse is alloted ward of (6/4).
He is having income of Salary and I found that the ward (6/4)is for profit and gains from business and profession only.

So where do he fill the return if his income is only from the salary and his category of employee is other.

Can anyone provide with the scrutiny guideleines issued for returns filed for year ended 31.03.2008.

Can anyone provide with the scrutiny guideleines issued for returns filed for year ended 31.03.2008.

While auditing accounts of a company I came across a bill of repairing on a car
which included Rs 54780 for labour charge, Rs. 289800 for raw materials and parts the total of the bill being Rs 405802 with some other charges as well.
My querryu is that will tha labour charge (since in excess of rS 50000) attract TDS provisions u/s 194C??
S 194 C is applicable for contract and "supply of labour" for carrying out of any work?
Now the service station here is not supplying my client any labour, but it is itself being supplied labour by some other agency who works on the service station`s different repairing repairing jobs?
Also the bill is for repairing and not for labour?

Dear friends,

I have one doubt about income from winning lottery, If a person winning lottery he will get the amount after deducting Tax (eg.if he won by Rs.50,000/-lottery, but actually get 30,000 ie after deducting Tax)

My doubt,

if he file the return we show that his lottery amount also(income from winning lottery).correct?
Whether any additional tax liable for this amount....

What was the treatment? if he can claim any refund for the first tax cutting amount?

WHAT IS THE MEANING OF MATERNITY PERQUISITE?