We are purchasing UPS (Uninterrepted Power supply)from a vendor for computers only.

Can we deduct the TDS to this vendor, under section 194 c (contractors) @ 2.266%. The vendor is adding only CST on the basic value of the units.

Is the TDS applicable to the vendor in Andhra pradesh.

Can you please suggest me in this regard.

Regards
Ashok

Dear sir,

this is Gokul CA inter.,

i would like to ask one question regarding tds

Employer failed to deduct the tax for a employee but employee has paid such tax in self assessment.

so there is no revenue loss to the Govt. then why the Govt gives a notice regarding "Employer failed to deduct the tax" to the employer.

is it necessary?

hi,
I am pursuing B.com(H) from S.G.G.S.C.C
college(D.U).Due to new amendment I am unable to carry on both.
Whether I should continue my CA after graduation or migrate to correspondence.

What problem I may face if I continue CA after graduation.

If I continue my CA after graduation then my PCC attempt will be in Nov 2010,and now my attempt is Nov 2009.
Please help me out.I am in great tension.

Sir,

i am conducting audit of company. I have to check the Margin Money and Bank Guarantee. so, which documents is required to check the above.what shuold i keep in mind to complete checking of Margin Money and Bank Gaurantee. What is margin money and bank gaurantee.

thanks

Dear All,

What is the creteria for charging Surcharge at the time of deducting T.D.S. in case of companies as well as individual deductees?

As per my knowledge if the deductees Taxable Income is above Rs. 1 crore surcharge @ 10% is applicable. But as we cannot know exact taxable income of deductee, we charge surcharge at 10 % in case of Pvt Ltd & Ltd. Co.s.

suppose an MR. A has commission income in P.Y 2005-2006 and his TDS has not been deducted by ABC LTD ,then resultantly commission expense will be disallowed to ABC LTD for the P.Y 2005-2006 And same will be allowed in the previous year when he deduct TDS and deposit it into the credit of central govt.(SUPPOSE ABC LTD DEDUCTED TDS IN PY 2008-2009)
Now my question is that can MR.A claim TDS in the subsequent previous year(i.e P.Y 2008-2009) he got TDS certificate from ABC LTD.(Mr. A had already filed his return u/s 139(1) FOR P.Y 2005-2006 AND FOR YEAR 2006-2007 AND P.Y 2007-2008)

Can anyone help me???

I want to invest my money, but can anyone tell me where from i will get nice returns. Can i invest in Fixed Deposit, Mutual Funds, Bond, Share Market Etc...

Help me...

Dear Sir,

Can you please suggest me any website to download various formats for accounting documents?

Form 16 / Form 16A is to be issued within 1 month from the close of the year.


IN CASE amount is credited on the last day of the year Form 16 / Form 16A is to be issued within 2 months 7 days from the end of the year.


Query:


Suppose amount is credited on 31 March. Does one has to issue form 16/ form 16A for amounts credited upto 30 March of the year before 30 April and another Form 16 / Form 16A for amount credited on 31 March before 7 June?

Please guide me whether I will start to go any coaching class from now onwards (I will be appearing on Nov 2010 for Final Exam) or First i go through the study material first then go to caoching class after a year.