Hello

I have a proprietorship firm and have hired some consultants/engineers who work on part time basis. They have salaried income from their regular jobs.

I have made payments of Rs 1-1.3 Lakhs each for last 6 months of work directly to their bank account. Work is adhoc and I pay them for hours worked.

I want to know

1. How should I classify this in my books - Salary or Consulting Fee

2. If Salary do I need to deduct income tax

3. If Consulting do I need to deduct service tax

Is their any format in which I should get a receipt from the consultants for my records.

Also provided the consultants do not want me to deduct any income tax or service tax from the payment, what can I do to ensure that I comply with all IT Rules from my end ensuring that I can accommodate consultant request for not deduction.

Thank You

TRANSPORTER COPY IS REQUIRED FOR UTILIZATION OF CENVAT CREDIT ON CAPITAL GOODS?

i have join for articleship on 15th feb by direct scheme for three years if get pass in may 2014 attempt so when will be my ca final attempt ? i have doubt that before i will write exam i'l complete 14 months of articleship, is it these counted in total 3 years of article..?

but i have practically started my Article Ship in the month of August sir and it seems i have heard that orientation can be done at anytime before the completion of 3 years of Articles. why this is not valid and why my article ship is not being counted from August itself sir and if possible tell me if i'll be able to get my Final attempt in May 2014 sir

Dear Experts,

Our New Company needs to make a Foreign Outward remittance in the form of Draft for an International Conference being the Registration fees.

The Conference is being organized by an University on behalf of the Ministry of Education, Is it still necessary to fulfill getting the Forms 15CA & 15CB filled and authenticated for the Bank to process the draft.

By Googling I have understood the procedure for filling up the forms, but still wanted to make sure being an Government entity (Beneficiary) is it still required to go with the forms (Earlier when I used to apply as an Individual I didn't have these formalities done, is it by chance country specific)

Sorry for too many queries, Learned and experienced team, please help to resolve this issue,

Thanks in advance. Regards, Sakthi

I HAVE FILED FORM 2
DATE OF ALLOTMENT IN FORM IS15.03.2013
DATE OF ALLOTMENT IN ANNEXURE (LIST OF SHARES) IS 11.01.2013
PLEASE TELL ME HOW I CAN RECTIFY THE MISTAKE OR IS THERE ANY NEED TO RECTIFY THE MISTAKE

One farmer has received the interest on compulsory acquisition of rural agriculture land and TDS has been deducted and my question is that whether the interest on compulsory acquisition of rural agriculture land is exempt if YES then under which ITR return should be filed?? interest amount 1166650/- TDS and whether he will get full refund??

I PURCHASED SOME MATERIALS FROM A DEALER WHOSE RC WAS CANCELLED. MY ITC HAVE BEEN CANCELLED BY SALES TAX DEPARTMENT.WHAT SHOULD I DO? SHALL I HAVE TO PAY TWICE TAX? SOMEBODY PLEASE HELP ME?

I have following questions on adjustment entry.

Our branch office once paid salary

So the entry is
Salary...............Dr
To TDS Payable
To Bank
TDS paid by HO

So the entry is

TDS Payable...........Dr
To HO

and to close salary in Branch's book

HO.........Dr
TO Salary

Is all correct?
Pls advise.

Hello Sir,

I already have a home loan with LIC Housing Finance Ltd. I am transferring my home loan to SBI. The loan amount is 25 lacs and cost of property is 37 lacs. As per this year's union budget, would the additional exemption of 1 lac at home loan interest be applicable in my case.

Thanks.