How to calculate TDS on Purchase debit note in Navision.

Scenario is as follows;

Suppose a vendor who had supplied some service( e.g. job work on Raw Matl),

the

bil was Rs 100. TDS on Rs 100e.g Rs 2. So net payable amount to vendor is Rs

98.

After some time it was relaised the need to issue a debit note to the

supplierbecause of faulty job work.The debit note was of Rs.50 and TDS on this

Rs 1.

So the net amount payable to vendor is Rs 49 {100-2-(50-1)}.

So,TDS is not calculated on Purchase debit note.

Thanks & Regards.

Whether AS-15 is applicable or mandatory to Trusts, Societies, 12A registered and non profit organisations? If yes/no, please provide relevent extract of the AS.

gUD EVENING TO ALL,

IAM WRKING IN A AYURVEDIC TRUST. LAST YEAR OUR TRUST HAS RECD 180000 TWDS RENT FROM PARTY FOR WHICH THEY HAVE DEDUCTED TDS AND GIVEN CERTIFCATE FOR THAT. SOME PEOPLE SAYING THAT IT CANNOT BE TAKEN FOR TRUST . Pls advise.

WE ARE MANUFACTURER ,RECEIVING MATERIAL THROUGH TRANSPORTER AND WE PAYING HIRE CHARGES , IN THIS CASE WE NEED TO PAY SERVICE TAX , BECAUSE TRANSPORTER IS NOT COLLECTING SERVICE TAX FURTHER WE ARE NOT REGISTER WITH SERVICE TAX DEPT AS WE ARE NOT SERVICE PROVIDER , IF WE PAY SERVICE TAX , CAN WE CLAIM SERVICE TAX UNDER MOVAT AND FOR THIS ALSO WE NEED TO REGSITER WITH SERVICE TAX DEPT.

Which is the best book of Company law for practise?

WHETHER TDS WAS APPLICABLE IN CASE OF INDIVIDUALS HAVING TAX AUDIT FOR PAYMENT TO TRANSPORT CONTACTOR FOR FY 2006-07 FINANCE ACT 2002 TO 2006 194C MENTIONS ONLY SUB CONTRACTOR

Is Munish bhandari or surbhi bansal's reference book is good n easy to grasp for PCC audit?

Pls specify books 4 othr subjcts of PCC?

Im confused which to refer?
evryone has a different view. thr isnt much time 2 keep choosing n read all of them.
its urgent
thnx

tds is deducted on gross bill or after deducting service tax.
please answar.

A transport service provider give his bill without service tax but at the same time we have calculated service tax on behalf of his bill. Now my question is whether TDS to be calculated with service tax or without service tax.

In Form 10 B Audit report for Trusts or societies enjoying exemptions u/s 12A an auditor is required to report on certain matter whether benefit to persons mention in section 13(3)of the Income Tax Act

I have come across a problem. Suppose trust is running an old age home. Construction of old age home is all complete. That founder is there administrating the construction. So he is staying in the outhouse of the old age home constructed without rent to monitor the construction activites and to look after the home. He is having his food at the canteen.

So two benefits are enjoyed by the founder

would it attrat 13(2)(b)and (d)

These are required to be provided if the trust employes any other outsider

My question is do we need to report on these matter that means trust's exemption would be forfeited