The finance act, 2012 added a new section 234E which specifies for fee of Rs. 200 per day for delay in furnishing of quarterly tds statements and is applicable from 1st July, 2012. Further it has been mentioned that it will not be possible to upload the return without payment of fee u/s 234E. Now my question is whether this section will be applicable for first quarter of FY 2012-13. As per my reading it is applicable for the first quarter also.

In every PSU, temporary advance are given to employee to execute certain works ( supply of labour or other misc works, maintenance work etc.).The employee in turn engage petty contractors to execute the work and payment is made by the employee directly to the contractor. The Bill/voucher is obtained by the employee & submit to the employer for adjustment of advance lying in his name.

Query: whether the employee is liable to deduct TDS while making payment to contractor ( the amount involve is more than Rs.30,000 to single party/contractor).

It is a very common practice in every company to execute the work by giving temporary advance to the employee).

I am salaried person.
If I am getting dividends from MF do I need to file my IT returns using ITR 1 or ITR 2?

Sir,

Going through the accounts of an organisation I noticed that, Balance shown in a Pass Book(not huge)has not at all been taken into account since 2009. Actually the balance has not at all been utilised and the balance being shown is only interest(normal) not attracting TDS.

On pointing out, the organisation says they simply did not notice the Pass Book and hence it was inadvertently missed out and they are asking solution. Can someone clear me how to account for. Actually the accounts for 2012-2013 has not been closed.

Dear All

Issue a cheque to vendor Rs.3900/- but bank debit our account Rs.3400/- when we doing BRS we know that, inform to bank, bank manager said that the cheque is cleared from Clearing branch bank we cannot do anything. Please advice me how to tally the BRS.


Thanks & Regards........
Amruth Kumar

Dear Sir/Madam,

I am working in automotive manufacture company as a accountant
I need information about service tax which is related to manpower contract
Example: the bill shown the Gross salary 1000+PF, ESI and Service Charge @ 10 % 200 = Total 1200
the service tax on the basis of this total amount
means Total = 1200
ST @ 3.09 % = 37
Total = 1237
I have a question in this bill actually service tax charges without service charges or not or service tax paid on only service charges means 10% of service charges it will come Rs. 100
 

Whether the procedure of regularisation of an additional director at AGM is totally similar with that of appointment of new person as a director at AGM?? Whether both have to deposit Rs. 500/- for their candidature for the office for director??

Can you help me in calculating tax liability on following amount:

Salary 108000.00
HRA 60000.00
Transport Allowances 20000.00

Please help me in calculating tax liability.

Thanking you

I understand that Form 23 is for filing Board's resolution u/s 192 of the Companies Act.In the place where Section and Purpose of passing the Resolution is to be mentioned i wrote section 58A ,invitation of Deposits from the Public.Then what am i supposed to mention?Do i need to attach text of advertisement in Form 23?

Sir,

if i gets following amount as salary then what I will pay tax.

Basic Salary 360000.00 p.a.
HRA 108000.00 p.a.
Personal Allowances 72000.00 p.a.
Transport Allowances 90000.00 p.a.
Special Allowances 30000.00 p.a.
Bonus 60000.00 p.a.
Total 720000.00 p.a.

Kindly compute the tax liabilites.

Awaiting ur reply.