i have not deducted tax from consultancy fees. At the end of the year amt. exceed Rs. 200000. i want to know whether i pay TDS with interest from the date when amt. exceed rs. 20000 or from the begining of transactions.

sirs, im interested in industrial training during the last one year of articleship period. Many are suggesting me not to opt that..is it not really advantageous to a student..if so on what criteria we need to select..could anybody please let me know about this..

Can we pay tds for 08-09 for professionals payment now ?
my another question is can i get those exepese allowed for 08-09 while submitting income tax return

I want to know the treatment of interest received on FDR When the company is under operation and all revenue expenses is transferred to pre operative expenses head.
Is this income can be deducted from pre operative expenses head.

can u give me a resolution for pledging property?

Is it mandatory that a person or a company who had paid IT under TDS to file his/their Income Tax returns?

Respected sir,

kindly guide me if payment made by cash over 20000/ and if receiver does not comes any sections of tds 194... Then for tax deduction which rate will be applicable for cash payment.

With thanks in advance

What will happened if payment made by cash over 20000/ . And cash receiver does not comes under any tds section 194 . sir, plaese tell me the rate of deducting tax,

can business organisations take into consideration Interest on loan,for valuing inventory,paid for loan taken for meeting working capital requirement involving major item as stock as in case of sugar companies.
for example.. X ltd is a sugar manufacturing company and make its sales as per the demand required by the government.However production is done only for 4-5 months a year and as sales is as per the demand of government many a times it happens that there is huge shortage of funds for raw material i.e sugarcane,so they have taken loan on which interest is to be paid.Now can the co. take in to consideration this interest amount for valuing inventory.