Dear Colleagues,

My Client is indulged in Transport business.

He pays freight charges to many lorry drivers

To comply with TDS Provisions, my client deducts TDS from payment made to lorry drivers. But, most of the lorry drivers does not have PAN Numbers (obviously)...

Now the client has to file TDS Return every quarter. But, due to Non - availability of PAN, he is unable to file the return.


What to do?

Also tell me, whether TDS provisions are applicable to the client for the above transaction under 194C?

Please do quote relevant circular/notification also.

The phone umber given in the course's prospectus links us to the regional centre not for gujarat.

Expert Shekhar and Shyam both gave opposite answer to my Q with regards to deduction of TDS on Capital expenditure and ravenue exp.

to clarify my doubt more further
Capital expenditure from my side will be revenue income for other
SO does deduction of TDS required on capital exp amount ?

Cash payment exeecding Rs 20000/- can not according to Income Tax Act but the question is within one day cash payment not execding 20000/- or within one year cash payment not execding Rs.20000/- please reply as soon as possible.

In case a person owns two properties one in delhi and one in sonepat, whether separate registration is requires or he can take one registration for both the properties.

can any body guide me over this -

the query is regarding applicability of the Indian companies act and
other applicable legislation of a partner of the stautory auditors of a
listed company(abc ltd.) appointed as a director on the board of a 100%
subsidiary company registered and incorporated in a foreign country.

it is also pertinent to clarify that the aforesaid partner of the
auditors firms is not a signatory to the annual accounts and auditors
report of M/s abc tld..

Q. whether the partner of the statutory auditors firm can be appointed
by M/S ABC ltd. on the board of its 100% foreign subsidiary even if
such partner is not auditing / signing the annual reports and auditors
report?

Reagrds
Shruti

Suppose one person has income which is comes under taxable slab and he has submitted the return accordingly.
If next year he has income which is not taxable, so now will he be liable to submit return? if yes then under which section...

Pls Guide..


Thanks,
Abhishek

A Company already doing business has increased its authorised Capital.
The Expenses incurred for the same has been taken as prelimenary expenses. Is the treatment right?

Hi , This is a question from Pg#66 Revision prob 7 of the PV Ram & SD Bala 2nd Edition Book . I am not satisfied with the solution given for the problem in the said book . The question is as follows :
A bottle manufacturer operates two machines each with capacity of producing 1000 bottles per annum . The Machines have an infinite life & no salvage value . The operating Expenses are Rs2 per Bottle . During the summer machines work to Full Capacity but during winter bacause of slack in demand they work only 50% capacity . The Co is thinking with the idea of replacing these machines with the two identical machines .Each machine would cost Rs 6000 and last indefinitly .The operating costs are Rs 1per bottle .What should company do ? Cost of Capital 10% .
Note : As per my analysis the the co should replace both the machines but the books answer is contrary . Please suggest me the correc answer .Also if any alternate solution exists pls guide .
Thanks in advance ,
Gufran Khan

A company has purchased a car which is given to one of its employees for his exclusive use. Purchase price was paid directly to the dealer by the co. Car is registered in the name of the co. As agreed between the co and the employee, the co will recover the cost of the car over a period of 36 months in equal instalments without any interest. At the end of three years, the car will be transfered in the name of employee at Re 1/-. In this context I would like to know that whether the cost of the car which recovered by the co without any interest will be subject to perquisite valuation taxable in the hands of the employee?