Is TDS required to be deducted for an organisation having 80G Certificate? If TDS is is not required to be deducted should the organisation also have 197(1) TDS exemption certificate?

Kindly clarify the doubt...

Thanks in Advance.

An assessee has paid interest on unsecured loan which is more than Rs.5000 but he has not deducted TDS on it.

This interest is of March month of F.Y.-2012-13,and the deductee has shown such income and paid tax on it.

So,should the assessee(deductor) pay TDS now with interest or is he covered under section 204 for which he is not required to pay TDS?

Please help me out....

hello Caclub family, there is a query my Dad, sole proprietor, purchased a bike for me in 2011 on my name and not brought in the books but now we want to bring in the books, Is this possible? and if, how I can do this?

DEAR SIR,

WE HAVE TAKEN REGISTRATION FOR RCM PAYMENT MANPOWER SUPPLY & RENT A CAB SERVIE,

BUT WE HAD MADE ONE PAYMENT FOR MANPOWER SUPPLY & RENT A CAB PERIOD OF AUG-13 TO DEC-13 CONSOLIDATED DUE TO REGISTRAION TAKEN IN THE MONTH OF OCT-13 FILLING A ST-3 RETURN HOW WE FILE THE RETURN WHIN ENTERING THE PAYMET DETAILS CAN WE ENTER ONLY 6 MONTH DETAILS? & WHAT ABOUT AUT & SEP MONTH PAYMENT DETAILS. GAR-7 IS CONSOLIDATED & PAYMENT MAKE FROM AUG TO DEC IS UNDER ONE GAR-7.PLEASE REPLY

While calculating capital gain tax ,in case of land belongs to wife of value RS 35000 in the AY 2007-08.
received by husband for a consideration of RS 9000 in AY 2009-2010.
Land was sold for RS 500000 in the AY 2013-
14.
Now what is the Cost of acquisition of such land

Dear sir,
Please guide me on the following issue.
The assessee is a partnership firm engaged in business of managing “Reliance Retail Petroleum Outlet”. The assessee filed return of income for A.Y. 2006-07 and the assessment is completed under section 143(3) of Income Tax Act and income returned is accepted. The assessee filed details of freight charges (truck numbers also noted in ledger extract filed with A.O.) as required by the A.O. Later the Internal Audit Party has raised an audit objection that in respect of two trucks the aggregate transport charges paid during the pervious year exceeds Rs. 50,000/-, hence disallowance u/s 40(a)(ia) read with Sec. 194C is attracted and the A.O issued notice u/s 148 with previous approval of C.I.T. for A.Y. 2006-07 and the reassessment proceedings are in progress.
The modus operandi of billing followed by Reliance Industries Ltd., supplier of Petrol and Diesel to the assessee is explained below.
The RIL raise Tax Invoice for the product value. The associate company of RIL, Reliance Ports and Terminals Limited, Logistics Division, raises a Freight Invoice for the Road Freight separately and the Freight Invoice contains a Foot Note as under:
Note: Please make payment in favour of M/s. Reliance Industries Ltd. A/c RPTL, who is our collecting agent.
We have objected to additions u/s 40(a)(ia) on following grounds:
a. We do not have any contract with the transporter. The fact is clear from the Invoice of Reliance and also the Consignment Note. In fact RIL arranges the trucks. We don’t make any payment to the truck driver/owner. The consolidated payment of agreed price which includes product value and freight charges, is made to RIL.
b. The assessee explained the procedure of purchases from RIL as under: Place indent for the material required to Depot, Obtain a DD or Transfer funds to RIL and send UTR NO. to RIL, send scanned copy of DD immediately to RIL, send DD by courier (if DD is taken).
c. The RIL prepares the Tax Invoice and Freight Invoice. The amount paid by us is favouring RIL and we never make any payment to Reliance Ports and Terminals Limited.
d. RIL will not arrange to despatch the product unless and until the Retail Outlets transfer the funds equal to the Product value+Frieght charges.
e. The assessee further states that it received goods from mainly from RIL’s TADA Depot (as it is nearer) and occasionally from Kakinada Terminal Depot subject to availability of stocks at RIL, and assessee has nothing to do with the distance or freight charges as the RIL collects DD from assessee as per notified product price, irrespective of distance/freight thereon.
f. During reassessment proceedings, the assessee furnihsed documentary evidence viz., a Tax Invoice, a Freight Invoice, Counterfoil of RTGS Money Transfer proof to RIL including freight charges, Statement of Account issued by RIL, wherein the Tax Invoice and Freight Invoice are debited separately and the RTGS payment received including freight is credited as single item.

Please give me any supporting case laws on the above matter and your views favourable to the assessee.
KOTA JANARDHANA RAO F.C.A.

whether applicabilty of notified sections of company law going to effect financial reporting

kindly guide me regarding procedure to be followed for getting exemption in cs executive paper no.2 i.e cost and management accounting on the basis of b.com qualification..... i am a graduate above 60%.......

DOOSAN Power System India Pvt. Ltd. is a korean company. Providing Engineering Consultancy service for power making power project in India. IOTEP is a construction company took work contract from DOOSAN. IOTEP have appointed several contractor to complete his job.
My client NTIC is proprietorship concern received a work order from IOTEP to supply manpower for an amount of Rs.16,20,000. Later it is extended to Rs.30,00,000 in FY 2010 - 2011 & 2011 - 2012.
NTIC raise the manpower supply bill without adding service tax on the nexus that main company is paying service tax and had not taken input credit of service tax. IOTEP also insist all the subcontractor not to make service tax registration. Accordingly all the sub-contractor did not make service tax registration including my client NTIC.
Now Service tax dept. issued a demand notice to my client NTIC.
Is there any provision in the service tax Act to waive the demand notice?
Please advice me what course of action should I take.

Dear Excise Expert,

Requesting you, kindly provide a Judgement soft copy for No Penalty for not filing ER-1 NIL returns to my e-mail ID venkatesh14@gmail.com

This is required to to specific requirement

Thanks a lot

Regards
Venkatesh