Hello friends,

I am stuck up with an issue whether TDS will be dedcuted on the advance paid to the sub contractors of the construction company ? Reply ASAP and when should TDS be deducted if contractor expenses pertaining to january are paid in march..to my knowledge TDS is to be deducted in the month of march only as the expns is ebing debited in the month of march, but what about TDS on advance given pertaining to the month of january, contractors are for work contracts

waiting for an early response, thanks in advance for your valueable suggestions.

Hello friends,

I am stuck up with an issue whether TDS will be dedcuted on the advance paid to the sub contractors of the construction company ? Reply ASAP and when should TDS be deducted if contractor expenses pertaining to january are paid in march..to my knowledge TDS is to be deducted in the month of march only as the expns is ebing debited in the month of march, but what about TDS on advance given pertaining to the month of january, contractors are for work contracts

waiting for an early response, thanks in advance for your valueable suggestions.

I have resigned / left from the company on 1st January 2005 after completing 3 years 6 months of service and i have applied for PF withdrawal recently in the month of May 2008 what would be the tax implication when i receive the money

This is with reference to sec36 of the income tax act,where an amount will be allowed as baddebt Provided it was offered for income earlier,my question is say I have a Particular asset used for the purpose of the business,its WDV value now is Rs.200000,I sell it for Rs.10 lakhs and hence i will gain Rs.800000,meanwhile what happens is the person to whom the asset is sold goes insolvent and thereby i loose Rs.10 lakh(Bad debt).Now as per Provisions of the income tax act, my income is Rs.800000 and my Baddebt is Rs.10 lakhs,can i cliam the baddebt of Rs.10 lakh even though my inome is only Rs.8 lakhs?if Yes,then the reason,(Particular reference to any case law,if any)

Jai Hind To All of CA Club Member,I just want to know which form should i use to make a refund of service tax & what's the procedure to claim refund.The company is registered in service tax & According to new notification 17/2008-service tax company can make a refund for service tax.
Plz help me
Thank's
mudit_bansal001@yahoo.co.in

Please give me some examples of the "off balance sheet items" in a manufacturing company.

Thanks.

what is the definition of scrap???????

how should we determine that any material lying in the godown at the end of the year is scrap or closing stock???

suppose that i m a dealer in cloth, i purchase 100mm cloth out of which i use 95mm for production and i want to consider the other 5mm as scrap but the income tax officer says that it should be considered as closing stock of raw material

so what should i consider the 5 mm cloth (scrap or closing stock of raw material)????

I am an MBA with total 5 years of experience. I am currently working in Managemnet consulting industry. I want to pursue CA asap. Can you please tell how can I do it, as I dont want to leave my job. I heard therez a option of Industrial training option for working candidates, so that they dont have to go for articleship. Please let me know what should I do and where, how should I approach.

Thanks in advance for your attention and co-operation.

i purchase capital goods
value 10000
Excies 14% 1400
Vat@ 4% 400
------
11800
-------
How much ? i will treated as assets
Whole Amount (or) With out Excies duty and vat ( why i ask this question means,we will avail cenvat and Vat input credit)

please clarify this query.

Whether an enterprise should deduct TDS on telephone bill consisting of rent, call charges and miscellaneous charges.

If so, under which section it will be covered and at what rate?

If not so, why?

Kindly help,
Regards,
Pankaj