We have done some supervison work in india for our parent company in japan. Japan compnany has not deducted TDS and paid full payment to us.

Now in japan tax authority asked japan company to deduct TDS.

Now our Japan company is dedcuting TDS on all payment made to us since 2005 till date.

We ( indian co. ) also not made any entries of TDS and not considered any amount of tds while filing return of earlier years.

Now i want to know :

1. Can we ( indian company) claim the tds in current year return.

2. Under which section it is permisible.

3. How i can claim the tds.

Dear Expert
pl provide comprehensive check list for company statutory audit.

CA NVSMURTY

Sir,

From Employer point of view, should a pvt ltd. company deduct pf from any employee whose age is 60 yrs, even if his Basic+Da is Less than Rs. 6500/-

Regards,
Abhijit

dear sir & friends ,
If a company pays Loans out of security premium a/c to its shareholders does this loan qualify for deemed dividend.pls reply with reason .

Respected Experts,

The company I go for audit Books purchase of imported CD's at the Bill of Entry Rate and not at sopt rate is it correct??
should i insist them to follow AS-11??

Please Clarify

Our company imports Software licenses from Microsoft all transaction are through online only. they receive the License online and they transfer it to Reseller for a commission.
weather Customs duty is applicalble for such transactions??
The Company Chages both Sales tax (VAT) and also Service tax,(not WCT)
VAt at State rates
Service tax @ 10%+3%

Please Clarify weather Customs duty is applicable

I was working with a pvt sector bank for 3 years ( 2002-2005) after which i left and joined some other company/companies.
PF was being deducted in the bank but not in other company. Now i have left that job ( unemployed for almost 6 mths now) and want to withdraw my PF from the bank. I have the following queries :
1. Will I get 100% PF withdrawal or
2. tax will be deducted


Regards

hello sir i want to know that if any person having only lottery income of rs 100000 whether he is required to file IT return & rs 100000 will be taxable or not,can he claim refund of tds deducted and if he has also other normal income then of rs 100000 then in which income basic exemption of rs 160000 will be first allowed

please refer provision
thanx in advance

PLEASE LET ME KNOW WHETHER INTEREST RECEIVED BY A PARTNERSHIP FIRM ON SECURITY DEPOSITS KEPT WITH THE CREDITOR COMPANY IS A PART OF BUSINESS INCOME OR IT IS THE INCOME FROM OTHER SOURCES.

CAN WE CONSIDER INTEREST ON SECURITY DEPOSIT FOR COMPUTING BOOK PROFIT OR IT SHOULD BE DEDUCTED.

UR VALUABLE ADVISE IS NEEDED.

THANKS IN ADVANCE

Thanks for guidance. with regard to query : Material was received in F.Y. 2007-2008. But purchases were not recorded in the same year. Purchases are recorded in F.Y. 2008-2009. Whether it will make any difference?