What is the due date TDS remittances to govt on tds deductions from salaries for the month of march 2009. What is the due date under which section/rule as per income tax act

Is there any information is required in tds deduction u/s 195, if yes how to furnish and in which forms ?

Is set-off of Input Credit for service tax to be claimed only on actual clearing of the cheque or if the cheques have been drawn and received by the drawee, should that be considered as adequate for claiming set off against Output Credit ?

HI FRIENDS,
I HAVE A QUERY REGARDING TDS:

X LTD. HAS GOT DONE A FABRICATION WORK FROM A CONTRACTOR Y LTD. INVOICE RAISED BY Y LTD. IS OF RS. 10,00,000.

INVOICE AMOUNT IS IN EXCESS OF JOB ORDER BY RS 50,000. HENCE X LTD. RAISE A DEBIT NOTE ON Y LTD. OF RS. 50,000 ON THE SAME DATE ON WHICH INVOICE IS BOOKED.

NOW MY QUERY IS THAT WHETHER TDS U/S 194C SHOULD BE CHARGED ON RS. 10 LACS OR ON RS. 9.50 LACS.

I KNOW THAT TDS IS TO BE CHARGED ON ANY "SUM" CREDITED TO THE PAYEE ACCOUNT.
BUT IF WE DEDUCT TDS ON RS 10 LACS, IT WILL BE UNFAIR TOWARDS Y LTD. JUST BECAUSE WE ARE BOOKING INVOICE AT FULL VALUE AND THEN RAISING A DEBIT NOTE ON HIM.

SURELY Y LTD. WILL GET THE BENEFIT OF TDS AT THE TIME OF ASSESSMENT. BUT EXCESS TDS CARRIES AN OPPORTUNITY COST IN THE FORM OF INTEREST LOST.

PLEASE ANSWER ELABORATELY.

HI FRIENDS,
I HAVE A QUERY REGARDING TDS:

X LTD. HAS GOT DONE A FABRICATION WORK FROM A CONTRACTOR Y LTD. INVOICE RAISED BY Y LTD. IS OF RS. 10,00,000.

INVOICE AMOUNT IS IN EXCESS OF JOB ORDER BY RS 50,000. HENCE X LTD. RAISE A DEBIT NOTE ON Y LTD. OF RS. 50,000 ON THE SAME DATE ON WHICH INVOICE IS BOOKED.

NOW MY QUERY IS THAT WHETHER TDS U/S 194C SHOULD BE CHARGED ON RS. 10 LACS OR ON RS. 9.50 LACS.

I KNOW THAT TDS IS TO BE CHARGED ON ANY "SUM" CREDITED TO THE PAYEE ACCOUNT.
BUT IF WE DEDUCT TDS ON RS 10 LACS, IT WILL BE UNFAIR TOWARDS Y LTD. JUST BECAUSE WE ARE BOOKING INVOICE AT FULL VALUE AND THEN RAISING A DEBIT NOTE ON HIM.

SURELY Y LTD. WILL GET THE BENEFIT OF TDS AT THE TIME OF ASSESSMENT. BUT EXCESS TDS CARRIES AN OPPORTUNITY COST IN THE FORM OF INTEREST LOST.

PLEASE ANSWER ELABORATELY.

We have issued a bonus shares to share holders of the company & one of share holder is also employee of the company. Is there any FBT liability for bonus shares issued to employees.

Sir,

Ferro molybdenum is classified under Chapter 72 under HS code : 72027000.

As per the custom tariff notification No: 02/2009 dated 2-1-2009, the basic custom duty applicable for HS code : 72027000 is 5%. However as per custom tariff (as available in CBEC site) is custom duty for HS code : 72027000 is 10%. why this difference in rate ? Please advice

what is the due date for remittances on TDS deductions made during the month of March 2009 including provision for salaries for the month of march 2009 under which section

Experts,

Rule 30 of IT Rules says "amount credited by a person to the account of the payee as on the date up to which the accounts of such person are made, within two months of the expiration of the month in which that date falls" is it applicable to all calendar month of only for March.

Please clarify.

Is it possible to join an industry on secondment basis?? If yes, wat r d requirements??