Sir,

We have recieved a certificate u/s 197 for Co. having Indian PAN and address at Gurgaon (Which is indian branch of forign Co.) for a sum of indian rupees.

now we get the invoice from forign office of same company and bill amount is in USD.

can we make the payment on the basis of this invoice or have to obtain invoice in INR from indian branch for deducting of lower rate of TDS as per certificate.

Final product is exempt from VAT. however the VAT is paid on Scrap arising in the process of manufacturing. There are purchases such as spares etc which has VAT element. Can the VAT paid on spares be utilized towards payment of VAT on Scrap sales ?

Dear All,
I deducted TDS for the month of March on 30 March 2014 Rs:- 200000 on u/s 192B on employees salaries which I would have deposited to Govt Department before 7th April 2014 but I could not deposit it to day I am gonna deposit of TDS already deducted in the month of March 2014 I want to know how many month of interest & rate of interest would be calculated on TDS deducted if I deposit TDS of Rs:- 200000 on 21 May 2014.

During assessement A.O.take into consideration form 3CD with Return of Income? OR
What is the relevence of FORM 3CD with assessement of Return of Income?

Friend Please help me to resolve this issue:
We are a Co-operative society which has acquired leasehold land from HSIDC & UPSIDC for setting up dairy plant at different location. We have paid part of lease premium to the respective state corporations & they are charging interest on the remaining amount of the lease premium.So whether we have any liability to deduct TDS u/s 194-A or not ?
As these are state government owned corporation.
There is general exemption u/s 196 but these corporations are not covered there !

Can utilization from Capital gain saving a/c be justified if part money is used after the expiry of stipulated period of two years u/s 54.

If:
1. The intention was bonafide
2. The money is put for the right purpose.

Dear All,
I deducted TDS on 02.12.2013 of private sector employees for which I would have to file TDS return of 3rd Quarter but unfortunately i forgot to file TDS return of 24Q for IIIrd Quarter. Today I gonna file both TDS retudn of 3rd Quarter & 4th Quarter, I want to know Can I file return for 3rd Quarter & 4th Quarter on the same day. Simultaneously I want to know How much amount of penalty would I have to pay on late filling of 3rd Quarter which I forgot to file.....

Dear Sir

I am a salary's Employee and I file my IT NIL TDS Return 2009-2010 & 2010-2011 My salary is 15000/-pm and no TDS Applicable now i want to file my 2011-2012,2012-2013 & 2013-2014 NIL IT Return can Penalty charged in my Return ?

DEAR SIR, my query is following -credit sale made to a debtor.being payment due from long time period ,a provision was created. later on recovered from debtor. what will be accounting enries in all such cases. what will be entry of provision reversal. will it be adjusted against our co.'s income.
thanks in advance.

My company (we are a manufacturer of Industry Filters) sends various products for welding and Zinc Plating to other small companies. These companies do not provide us with any bills of the job work.

Does my company have to pay service tax for the same?

What are other things should I keep in my mind for such things. Do I have to submit any documents for this?
Also kindly provide me details with respect to sales Tax.