HI,

There are 2 bills of Rs.18000 each for service contract.. The payment is made to party of Rs. 36000.

Whether TDS is to be deducted while making payments to the party??

Dear sir,

is service tax charge on renting immovable property ?
if not when is applicable & is applicable in only Delhi region or outside Delhi. Is TDS Will be deduct or not

Case laws are usually quoted in following manner:
Ganga Prasad Sharma v. CIT (1981) 132 ITR 87 (MP)

how the above is to read?
What does 132 ITR 87 (MP) indicates?

M/s. ABC Ltd a company incorporated in US,sells 100 laser printer cartridge to its 100% subsidiary M/s. A Ltd. a company registered in india, at USD 50 per cartridge. Does M/s. A Ltd. liable to deduct TDS at the time of payment?. in my opinion such payment should not be subject to TDS, as the same is related to purchases of goods.If at all the TDS is required to be deducted, at what rate the same should be deducted?

Sir,
How can a manufacturing Co.Calcualte closing stock of Raw material,Stores & Spares & Packing material?
Is it calcualted with Basic price or Basic Price + Taxes + Expences ?

we are supplier of Agricultural shade net hdpe direct to farmer, we dont know that it is tax free or not, so we want to know is this taxable item if yes then how much percent tax is applicable for retail invoce and tax invoice?

Is Income tax required to be deducted on payment made to a management trainee?

Hi everyone,

Could anyone give me some material (any case law or notification) to prove that stipend received during tenure of articleship is exempt u/s 10 of the Income Tax Act.

Take Care.

We had launched the scheme with our franchisees that if franchisee achieves the target then he will be alloted a new Car.
Now 2 of our franchisees have achieved their targets and are eligible for the Car.
So what will be the accounting treatment. Is it to be called as commission,an incentive or discount or any thing else.

My next question is about the applicability of TDS. Whether TDS will be attracted and if yes under what head.
Further we have not yet given the cars but while finalizing our books we need to take provision on the same so if TDS is applicable do we need to pay immediately.
Similarly we will have to recover TDS from the party since he is paid in kind. So is it a correct to recover the same from him


Thanks in advance

can any one explain me a comparison between bin card and stores control card?