When interest income is shown on receipt basis, how to show the TDS data related to the Form 16 which would show the TDS on accrual basis.

Can we claim the corresponding figure of TDS corresponding to the interest income shown on the basis of actual receipt. In such a case, can we show the balance TDS (corrsponding to the interest on accrual basis) in the next year return?

When interest income is shown on receipt basis, how to show the TDS data related to the Form 16 which would show the TDS on accrual basis.

Can we claim the coresponding figure of TDS corresponding to the interest income shown on the basis of actual receipt. In such a case, can we show the balance TDS (corersponding to the interest on accrual basis) in the next year return?

hi,
my pricipal will sign the form 112 only when we write the timings as 7.00am to 12.20pm which i hav heard is not acceptable by the icai.Institute may turn our whole articleship done as nil bcoz of this timings which clashes with office timings. is it true? can anyone help me plz

we are a manufacturing concern and carriage in bills are not raised by any transport agency,but we have hired some individuals who takes the responsibility for despartching the goods to our place who in turn get commission for the service rendered plus the carriage charges.

my question is no consinement note on us is raised so weather we are liablr to pay service tax on GTA in this case


plz reply soon

Dear Sir,

I am cutting and pasting the query of a caclub member and your reply to that.After reading your reply the member asked some other question. Unknowingly he seemed to have closed the query. I have also inculded his next query.

Since I have the same doubt I request you to please answer it.





Experts Home > Corporate Law > private company
author : Kumar
Posted On : 7/16/2008 11:24:05 AM
Dear Members,
Please advice/confirm.How far it is permissible under companies act,if the company bestowed the tile of director to its employees such as director(finance),director(human resource) etc.Please also clarify the exact position under Comapnies Act whether such practise is permissible.

Regards,
Kumar



Expert : S.Srinivasaraghavan
Posted On : 7/16/2008 11:31:02 AM
The companies Act does not contain specifically any provision to ban such designations.



author : Kumar
Posted On : 7/16/2008 11:41:56 AM
Dear Mr.Srinivasraghavan,

Thanks for your reply.But there is one such departmental clarification by Departemnt of Company Affairs letter no. 2/82 dated 20.1.83 which forbids such practise by corporates.Please confirm whether such departemntal clarification is relevant in present time.

Regards,

Hi everybody,

anyone can guide me that employer can issue 16A form if TDS not deducted by employer from his salary or his salary below Rs.1.10 lacs for FY 07-08.

what is meant by the debtors and creditors reconsilation?

I left the services of a company after serving for 1.5 yrs. Then i was jobless for 6 months. Then after joining a new job, i applied for transfer of my EPF balance from my previous employer's EPF Trust to my PF account in new company. Please tell, whether the amount of EPF transferred will be taxable in my hands or exempted.

We are about to finalise 31.03.2008 balance sheets of all the companies. In this situation, if the court orders for amalgamation w.e.f., 31.03.2005, then what shall be the base balance sheet of transferor company to include in tranferee company. If 31.03.2005 is the base balance sheet, what will be the effect of transactions occurred during the period 01.04.2005 to 31.03.2008

Sir,

One of the members here have raised the following query:

Situation:
If a member changes employment during the financial year, the first employer issue Form 9,(instead of Form 16) and have the income consolidated with the current employer. In effect, he would be given one form 16 disclosing the total Annual Income, instead of two Form 16s

Doubt:

1. Can this be done
2. How will this be reflected in the quarterly return.
3. Does this require any additional declaration other than in Form 12B from the employee.

Thanks & Regards,
Ravikumar A.H