if i hv paid 1000 as adv salary for the june on 4th june, Total salary of Rs. 10000 become due @ end of month & remaining salary paid on 5th Jul. what will be the entries and in which voucher. plz suggest.... need ur help.... plz....
Is there taxability when goods are sold when they are stored in customs bonded warehouse, before clearance from warehouse?
I request you to please solve the following query:
-A company wants to make a payment to VIETNAM for booking of exhibition stall in VIETNAM.
-The Vietnamese company (VC) does not have any permanent establishment in INDIA therefore nor do they have a PAN.
-VC is not providing any Tax Residency Certificate.
-VC is not ready to bear the TDS.
QUESTIONS:
1)Whether TDS u/s 195 is to be deducted?
2)If yes, then under which head? Fees for technical services?
3)If it is fees for technical services, then,
The rate of TDS as per DTAA with Vietnam is 10% for fees for technical services. But as TRC is not there, DTAA will not be applicable.
The rate of TDS u/s 115A(1)(b) is 25% + cess
As PAN is not there, as per Section 206AA, 20% + cess is to be deducted.
What is the rate applicable from above?
4) Some have argued that as the Income does not accrue or arise in India, it is not taxable and hence no DTAA is to be deducted. Is this true in this case?
Can anybody tell me the possibility of opening the case in income tax if return is filled under section 44AD.
While paying TDS u/s 194C in April 2013 by mistake have included for march 2013 also in april 2013 and paid putting A Y as 2014-15. The details are Total Paid Rs.1,01,721/- out of this for March 13 Rs.51,141/-and April Rs.50,580/-.
Can the error be rectified ?
is agricultural land profit is exempted other than in sec 10(37)???
There are four Directors in a company to whom the company has been paying directors remuneration of say 2.5 lakhs each till last year.
Now from this year onwards i want to reduce/ not pay the directors remuneration to two directors.
what are the possible options/steps.
Dear Expert,
want to know one thing,
that how i come to know that the car rent bill raised by vendor is with abatement or without abatement.
vendor has not levied his part of ST i.e 60%
also clarify that there is only 40% liability of recipient with or without abatement?
From where I can get the company secrretery prospectus ?
Textile designs are purchased from USA and the amount is paid as 5% of the PO of the export invoice of goods manufactured using that designs. IF it is treated as designing charges will it attract service tax or if I call it as Purchase of designs will it attract service tax.
or will the ST exempted under reverse charge as the services are performed in a non-taxable territory for a person in taxable territory.
Kindly advice.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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