Our company has come out with a scheme for 3 months where by whoever purchases from us worth Rs. 1 Lakh and above is eligible for points and based on those points a link has been provided whereby they can redeem those points by purchasing any of the products displayed on the website.

Our company tied with another company to maintain that link and to dispatch the products against which the points have been redeemed. Now we have recieved the invoice from that company worth Rs.36818 and Rs. 13383.

Now a question arises whether TDS is applicable on the above invoices? Pls explain with reasons.

Dear Sir,

I have give the commission to Gymkhana and i deducting the tds. query is that tds applicable or not for catering service business

Gud evening

as we are aware that no nil returns have to be filed in TDS from which date it is in effect. moreover if a employer deducts tds only in 3rd and 4th quarter with relevant quarterly incomes , how to issue form 16, how to show complete income ( income on which TDS has not been deducted). Please clarify

Res. Sir,
For F.Y 2012-13.

Whether the interest earned on saving bank a/c is taxable or not ?
If not, then what is the limit for exemption ?

There is an hr policy in a company in which employees are provided a car and in return the employees have to pay some EMI(which is deducted from salary every month for 4 years).So what should be the entry for the EMI. Depreciation is claimed by company and not employee.

Dear Sir
Is is correct to show bill discounting facility a company enjoys with bank as contingent liability. Or whether it is a confirmed liability.?

I may pass CA-CPT of this dec attemp. i want to know which course is better and easy to be done along with CA.(CS, ICWA OR any other). I also want to know which course gives better oppourtinties and package in future.and also help in personal practice? thanks.

Dear Sir,

My client a Pvt. Ltd. company deposited tds under section 194I instead of under section 194A.
Please mention how same may be corrected. 15/01/13 is due date for furnishing of return. Please tell if I have to visit inome tax office, then where I have to go and what is the procedure. My client ward is 50(4) M. Please tell the address of Income tax office where I have to visit.

TDS is dposited through netbanking.

A Job worker does Job work on raw material in a Factory. The final product is excisable.

Whether job worker liable to pay service tax

whether job worker is liable to get registration with service tax if turnover exceed 10 lac

kindly advise

I have filled Form 26QB correctly as under :-

TDS amount Rs. 6455
Interest Rs. 775

However, while making the payment yesterday online through netbanking, I have filled total amount i.e. Rs. 7230 as tax amount and interest amount as zero.

I think now TDS certificate will be generated for Rs. 7230 and no amount will go to ITD on account of interest for late deposit.

Please inform the procedure in case this can be rectified before generation of TDS certificate.

Alternatively, I can pay Rs. 775 again as interest in order to meet out my responsibility. How that can be done ?