Mr.A (deductor) has deducted tax u/s 194C @2% instead of deducting tax u/s 194J @10%. what are the consequences in terms of penalty, interest payable (if any). Further would he be able to claimed the deduction of said expenditure in his profit&loss A/c??

Kindly reply.......

Kindly tell me about the ICAI Rules for Industrial Training. whether there is any list of Company issued by icai for Industrial Training.

Its urgent.

There was an accident just outside the factory when a worker left the plant gate after serving his duty hours. As a result of the accident the worker got heavy head injury.

Our HR does not considering the case as an IOW (Injury on Work) on the ground that the worker has left the gate and met the accident. Under such circumstances there is no provision in the Factory Act or any other act which will cover the case as IOW and would provide compensation.

The HR is also claiming that the age old provision of "An accident shall be deemed to covered under IOW if the accident takes place even before one hour the duty hour starts and last after one hour the employee leaves the factory gate" has been abolished.

I sought expert’s advice to know:-

"Is there any provision under which the worker will be benefited?" Please quote the section under the relevant act.

Your opinion will highly be solicited.

Regards

Maksud

HI,

I SOLD MY PRODUCT ON CIF BASIS. BUT BY 31st MARCH-13 IT WAS IN TRANSIT.

SO NOW I NEED TO SHOW THIS ITEM AS A STOCK-IN-TRANSIT.
1. AM I NEED TO VALUE THIS INVENTORY INCLUDING INSURANCE, FREIGHT AND CUSTOMS DUTY.
OR
2. AM I NEED TO SHOW INSURANCE, FREIGHT AND CUSTOMS DUTY AS A EXPENDITURE IN 2012-13 AND VALUE INVENTORY AT COST.

PLEASE CLARIFY THE SAME.

REGARDS
K.M.B

In the revised schedule vi what is the meaning of the capital and other commitments?

please explain

how can we find whether a trust is elligible for deduction under 80g,,i want to know whether naari samata manch pune is elligible or not for fy12-13

sir ....i have a query that .....one of my friend cleared cs executive 1st group in june 2013 with good marks in first attempt but wants to give cs executive both group exams in next attempt .....so is it possible to give exam again even he cleared ?

Can Indian chartered Accountants do practice or job in Dubai?

RENTING OF PLANT & MACHINERY (JCB, POKLAND ETC.) IS COVERED UNDER SERVICE TAX OR NOT?
PROVIDING SERVICES THROUGH SUCH KIND OF PLANT & MACHINERY ON A CONTRACT BASIS IS COVERED UNDER SERVICE TAX OR NOT?

what do we mean by "Advance tax (net of provision for taxation)"


Please explain.
thanks in advance