In case of Payment made to Individual for Contract, as specified u/s 194C TDS should be deducted @ 1%.

Query: Our client deducting TDS @2%, payment made to its individual contractor on regular basis.

As an Internal Auditor, we are raising query for the same, client says that we are safe in side.

pls suggest us with the reference any provision for the same

Hi,sir

I want to know that if i passed CACPT exam and also passed CAIPCC exam(both group)but not completed Graduation, So am i eligible to give directly exam of executive and no need to give foundation exam conduct by ICSI???,and if your answer is yes give brief idea about the registration process with ICSI and also want to know last date of registration of executive programme

A belated return of partnership firm has been filed but later on it is discovered that in balance sheet of the firm... amount of two creditors has been omitted by mistake in totalling of that schedule...???

I want to enquire about its consequence..??

Initially Entry for Interest on FD should be Like this :


1) FD A/c Dr. Rs.50
To INTEREST A/c Rs.50

2)BANK A/c Dr.45
TDS A/c Dr.5
To FD A/c Rs.50

However i have passed the entry like this :

BANK A/c Dr.45
TO INTEREST A/c Rs.45


So now how should i rectify this entry?

In the ROC form CHG 1 as per companies act 2013, in the case where MD is authorised to sign CHG1, there is no option to fill the authorised person is Managing Director to fill the form. But there is an option to choose Director. Can we go for option of Director, when MD is authorised to sign the form. or what is the solution for this difficulty.

sir i am an employee in a firm.my boss made transactions through my account to the extent 30 laks during 2013-14. so now am i liable to pay incometax if not may i get a notice? and how to res pond to that notice.

Dear Members,

I want your valuable advice to the query mentioned as under :-

A Pvt. Ltd. company has inadvertently paid excess of Service tax to the department in the month of April 2014. I want to know the procedure to claim the excess amount of Service Tax as refund from the Department.

hi.i am rahul.
I provided bank with a vehicle, on rent. Total rental for the year comes out to be around 8 lakh. Bank deducted my TDS @ 2%. now i want to know under which head i will show this income and what will be the proper way to show in books
i don't maintain books of account.

rgds

Hello Experts,

Please inform me whether is it mandatory to
provide PAN No. Of Goods Transport Agents in TDS Return for fy - 2013-2014? I will appreciate if you provide any notification regarding the same along with your answer.
Thank You.

we had filed a belated return of our client for FY 2012-13 on 31st march 2014 without paying the whole tax. Now we have paid the whole tax. Return cannot be revised since it was belated. What shall we do in order to avoid interest and penalty?