We had paid rent to Individual during the FY 2008-09 which was below 1,20,000, so we have not deducted any TDS, now we have to pay arrears of Rent for that FY during the current financial year, if we pay arrears it would increase the limit of Rs. 1,20,000/- Whether TDS is to Deducted on Arrears amount only or total amount we had paid during the FY 2008-09 from the arrears

A Private Limited has increased its Share Capital from Rs. 10 crores of Equity shares of Rs. 10 each to Re. 15 crores of Rs. 10 each.

Is the License Fees and Stamp charges paid by Company in relation to Increase in Authorised Share Capital are disallowed for Income Tax purpose.

can anybody inform me with proper reference what rate should be charged in course of interstate sales w.e.f. 01 Aug'09 without 'C' form.
I think it is 5% (rates applicable in state) but I'm not getting latest notification regarding such amendment.

I m getin an error msg while uploadin
Unable to access some of the fields of the html form.pl check the applet parameters
Pl help

Dear Members

Iam working a limited company. We paid Rs.21,00,621/- towards preium to under Met Life Group Gratuity Scheme. The details as below:
1. Rs.27,315/- towards Risk Premium.
2. Rs.2,59,850/- towards Current Service cost and
3.Rs.18,13,456/- towards pas service liability.

4. The Gratuirty provision outstandint as on 31.03.2009 Rs.15,62,567/-.

Plese advise me treatment in books of accounts.

Sir,
Please tell me whether the 'Interest on service tax' is admissible as expense in computing Income tax!!!... Kindly reply at the earliest.. Thanks in advance!!!

Company had partcipated in a conferance and to particiapte it got installed one desk/counter and for that it availed the service of designer in abroad.That designer co. had no business connection in India.Whether subject to service tax ?

If an individual (say Mr. ABC) is proprietor of the concern XYZ Corp and issues a bill for commission in name of XYZ Corp, he will furnish the PAN of Mr. ABC to the deductor.

While depositing TDS and filing the returns, if deductor has credited or paid to the proprietorship XYZ Corp, what name does he have to mention in the TDS payment and returns as the name of the payee. Should he mention XYZ Corp or Mr.ABC (even though he paid cheque to XYZ Corp). The problem that can happen is that there will be a mismatch in PAN Data with the IT database if XYZ Corp is used. The Proprietorship concern is an entity disregarded as being separate from its proprietor for tax purposes. Nowhere in the database is the name of the proprietorship concern available for the deductor to match.

Any suggestions how to get around this.

Dear All,

I have two Queries.
1. A Company appoint,say Mr. A, as Additional Director as Whole Time Director in its Board Meeting on November,2008. Now in AGM to be held in Sept., that Mr. A is to regularised as Director. Now my Query is that whether Mr. A is again to be appointed as WTD by the shareholders or mere ratification by the shareholders is sufficient.
As a Additional director ceases to be as Director on the comencement of AGM, if he is not a director then how can he remain as WTD.
My Second Query is that
His Appointment will be effective from November, 2008 or from Date of AGM in which he is appointed as WTD.

Can any body tell me what are the implications and recommendations on the following matters.

1. On official duty slip in the Row of Purpose it is only written official, but that is not sufficient, Official duty slip is maintained by Gate keeper of company when any person goes out of the company premises for any official work.

2. In Salary Register the details are not filled up properly for e.g No of Days worked and Leave availed

3. Difference in Salary Register.

4. Company has maintained multiple attendance records and all records do not reconcile with each other.

5.Tax computations of employees were not available and on Tax has been deducted.

6. The difference in no. of employees between PF Return and Salary Register.

7. No Policy for Staff Imprest and Staff Advance has been framed by the company.