In my company there has been a delay in payment of TDS at one instance in Qtr ended 31.03.09. for the same the interest has already been deposited in mar-09. now that 24 Q has to be filed, do it needs disclosure in 24 Q too. I am not able to find suitable column for the same

Please anyone Clarify - We have a export business on orders procured on Commission basis(Fixed Amount). Our Foreign Agent(Non-Resident Corporate Assessee) wants to raise a invoice as Retainer fees for USD 5000 per month (instead of Commission).Whether this is exempted from TDS like Commission payments vide Circular no. 786 dt.7th Feb,2000, or attracts TDS Deduction ?

My elder brother is dealer of Amul Milk product at Gujrat in small town, amul allow us to earn commission Appx Rs.3.50 per 20 bag milk of one carate cost of product is very high per day sale may above be Rs.50000, Turnover crossing Rs.40 lacks and actual net profit is very low may be less than precribe taxable limit.So much of labour is there no more assets is there vehicle for delivery all are on instalment of bank and T.O is official because of Amul 100% through cheque.i already warn him you may come introuble he neglected me and my talk now dept send notice for FY.2007-08.
Suppose we submit income tax return as per notice and audit report of old date, how chance of penalty U/s.271B , please advice me i expect reply from member's opinion
You can see suppose on carat of milk Qty.20 bag cost each bag is Rs.22 cost Rs.440 my profit only Rs.3/50 paisa perday sale 100 carat cost of product Rs.44000/- my margin is Rs.350
Yours faithfully
Ajit Desai

hi friends,
one of my friend is working in indian software company. he was sent to USA in 2005 by his company. he came back to india in Jan 2009. so he was NRI till PY 2007-08. since he was not confirmed whether he would come back to india in PY 2008-09, he paid the tax in USA. when he came back to india, his company again deducted the tax on his total income.
Now the query is, whether credt will be available for tax paid in USA under DTAA with USA and india. if yes, what is the procedure to claim the credit of tax paid in USA.

sir i have passed CPT IN DEC.08 and register myself for PCC in Institute after that i receive a letter from inst. to submit attasted copy of CPT result i submit it in begining of march but till now i don't received "I card" or any confermation now what should i do
If there can be any problem
i'm quite tensed ab't it
plz guide me

With respect to : Karnataka Value Added Tax

Whether tax payable on purchases made from unregistered dealers can be set-off from input vat credit. Requesting you to please expalin legal basis(section/rule also)

Dear all expert please refer the fact attached herewith and do reply
Fact:
Mr. A (Builder) & Mr. B (The Contractor) entered in to composite contract to construct building and Mr. A will agree to provide the material to B.
During the year advance payment is made during the year to B after deducting TDS.
Mr. A provides the material during the year and makes the payment to the seller.

Query:
In a composite contract providing the material is considered as good as payment to the contractor so should Mr. A book the TDS entry at the time of providing material or deduct the tds when the bill issued by Mr. B?

Note: The TDS should be deducted at the time of making payment or credit whichever is earlier.
Please clarify my doubt.

Thanks in advance

In Excel 2007 I would like to see page breaks in excel sheets and change them by dragging.



How to do this? In earlier versions of Excel I could find that option while print prieviewing.



Thanks

Hi, this is CA final student, My attempt is in May2010. I find it difficult to grasp Future and option portion of my syllabus. Can anybody suggest me the notes or any simple book with which i can easily understand the same. The module provided are not helpful much. please guide me in this regard
thanks

We are service provider(civil construction of commercial and Industrial construction) and registered under service tax. We are comes under composition scheme of paying 4.12% service tax. we are purchasing formwork systems ie scaffoling equipments which are using in the project and in future we are going to use the equipments in other projects also.While purchasing we are paying cenvat @ 8%. My Q.is whether I can Avail the Cenvat credit in my service tax payment. Please let me know I can go about it.