1).what is the maximum no of directors in (p) & Public LTD Companies?
2.)my friend is an insurance agent and he is having PAN no and filing his return of income in insurance agent status and he is doing CA and he is qualified for CA but as per CA institute Rules CA should not do any other job other than CA as full time practice my question is
a) can he surrendre the PAN of insurance agent ?
b) can he apply for new PAN as a CHARTERED ACCOUNTANT ?
3).My grand father bought US-64 6.6% tax free bond in 1990 at present i afford to sell such entire bond weather there will be capital gain or not? since it is given Tax free bond.

In case of companies which makes provisions for expenses for MIS reasons at the end of every month as a few bills might not been received and further reverse the same in the following month on the receipt of the bills from the concerned parties and pass a fresh entry to give effect for the same(TDS is made on reversal of first entry and passing of the actual entry) Whether the entry is right?? I feel it is wrong. I need an expert advice for whatever is the answer.

Pl let me know whther TDS has to be deducted when making Royalty payment. If yes at what rate it as to be deducted.

I am a Businessman haiving a proprietorship firm. For the AY 2006-07, I had fild my returns in the new form notified.REcently I got a phone call from Deptt. to submit al TDS certificates in Original and also Tax Audit Report. But the contact person was relectant to give any acknowledgement of the same.He insisted that I had not submitted the same at the time of filing which was my fault.
Waht steps should I take? What are the consequenses that may accrue if I donot submit the same as the person refuses to give any acknowledgement? What procedure is being followed by the Deptt. in such cases?

if payment is made by a corporate assessee to KMC towards site hire charges whether there is need to deduct TDS or not

Whether there is any provision/ Case law for not deducting TDS on the payment to the Government/Govt Companies ?

Whether there is any provision/ Case law for not deducting TDS on the payment to the Government/Govt Companies ?

Dear all,

My Co. received a bill of Rs 2,80,900
from ABC ltd as professional fee,After deducting the TDS we paid the rest amount to the ABC ltd and the calculation is

Bill Amount: Rs.2,80,900
TDS @10.30%: Rs. 28,933
Amount Payable: Rs.2,51,967
But instead of this my co. deduct the TDS @11.33% and paid the rest amount

Now my question is
1.how i can adjust the excess TDS and how
the Deductee get the rest amount.

If possible give entries

Thanks in advance

hi, freinds

anyone pls tell me details information regarding section 9 and also tell that what is the relation of this section with forien consultancy.

jitender

Hi,

we are facing a problem in ETDSreturn filing.

Is it possible to file the return by ourself?
what we need to do for the same?

Please help me in this regard

Thank you