TDS exemption is given for full rate of TDS or it is given as abatement i.e deduction at lower rates than applicable rates?

Can you tell me more about the FBT

One of my client has deducted PF for the Month of April,may,And june-2004 and paid it in aug-2004 in the same financial year(with interest & penalty).ie he deducted but paid late by 2 month.can A.O. disallow the expenses on the ground thai it is paid late ? is there any decided case on this matter ? please refer me

Dear friends,

I require entire list of Ward , Circle, Range e.g.list of whole ahmedabad.

As pre section 80C payment to Public provident fund upto 70000 is exempt for one year. In PPF a/c one withdrawal allowable is permitted for one year from 7th year.

If one make deposit Rs.10000 and withdraw 12000 from the PPF a/c during one calander year say financial year 2007-08, can he claim 80C exemption. Whether withdrawal from PPF a/c is taxable or not?

XYZ company gives sales commission to its dealears,tax is also duly deducted.My question is if sales order is obtained by the dealer through a third party,and whatever chrges he pays to that party is recovered from the company,will this payment be considered as commission?Is the company responsible for deducting the tax at source?

Hii.. all


I want to ask about insurance claim income.. suppose i will get a Accident insurance claim for rs.350000.00 so, all of this amount is taxable or non-taxable ?
and TDS deducted in FY 2006-07 so, can get refund TDS amount now or not ?

plz hepl

Krishan Aggarwal Sir,

I have not clear accumulated Depreciation

generally entry of depreciation is

Depreciation a/c dr.
To Fixed assets

but ur entry for accumulated is

depreciaton a/c dr.
To Accumulated Depreciation

then this is for which fixed assets how we know

or this has been done on 31.03.2008 or mid of the year also.

please give me the detail knowledge about this.
waiting for ur reply
thanks

Dear sir,

Please tell me what is accumulated Depreciation & how it has been treated

I had not make a payment of TDS which is due from Sept-07 Rs.11000 if I m going to make this payment on 27.04.2008. what the interest amount i have to pay & what is the rate of interest. if this is 1% monthly then how i calculate because 7th of the next month is due date. will this be calculated on daily basis.

please tell me the amount of interest on the above