can a Tds credit taken by a deductee, if deductor deduct tds on commission income but not deposited same, even upto due date and not able to deposit evenafter.

Can deductee, take a stay on above tax?
pls reply the consequences for same.

Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.

Dear sir, 13/06/14

I was investing every month Rs.2000/ for last 5 years in ICICI Pru life product. I was also geting deduction u/s 80c for this premium paid every year I withdrew the total amt in 6th year.I received 45000/- more than what i paid as a premium over 5 years.How i am required to calculate tax on this Rs.45000/-

with regards

Rajanikant Raval
MUMBAI

It is known that interest on late payment of TDS is 1.5% pm or part of month from the date of deduction to the date of actual payment. Now, my doubt is if an assessee deducts tax on March 31. The due date for payment into bank is April 30 but pays on May 8. Whether interest is to be calculated for 2 months ie April and May or for 3 months ie. March, April and May (it says part of month. Whether March 31 is also part of month or not). I received TDS intimation raising demand for 3 months. whether the department is correct or not

Dear All,


Please suggest me a good CTC which helps to save tax at the maximum level.

Shruti Shah

Which are the best edition for ipcc accounting referrences of tulsian books

Our company is into trading of goods. It sales the product to sub dealers and then same sub dealers sell the same to end customers. On basis of receipt of sales out details of sub dealers to end customer our company has passed on the credit note to dealers worth Rs. 45000/-

Now, on this credit note are we suppose to deduct TDS? If yes, then under which section?

Is there is any extension of 6 months for GMCS 1st..just like i was registered in september 2013...when i should complete my first GMCS?

I AM A DIRECTOR IN A PRIVATE LTD.CO SINCE 2007 WITH 15% SHAREHOLDING SINCE ITS INCEPTION I HAVE NEITHER RECD. ANY CORRESPONDENCE REGARDING THE BOARD MEETINGS NOR THE RESOLUTIONS PASSED. AM I ENTITLED TO RECEIVE A HARD/SOFT COPY FOR THE MINUTES AND THE RESOLUTION PASSED SO CAN I OBTAIN A HARD COPY FROM THE COMPANY AS A DIRECTOR. THE MINUTES WERE NEVER CIRCULATED AND ALL THE THINGS WERE MANUPILATED BY THE OTHER TWO DIRECTORS WHO ARE THE MAIN BENIFICIARY WITH VESTED INTEREST AND WANTED TO KEEP ME OUT

please suggest me after completing my Cs which courses should i do ??that courses should with regard to abroad platforms please suggest me