Dear Sir,
Please clear my confusion about TDS to be deducted on Accounting charges paid ?

Dear Experts,

If we have taken consultancy from Foreign country and payment made by one Indian company to other Indian company by grossing up of TDS amount at Indian prescribed rate of tax and then that Indian company pays the amount to forging consultant by again grossing up of that amount.

I want to know is this process correct?

Rgds/-
Anil Jain

Dear Friends,

I am handled statutary audits of Individual,Firm & Pvt.Ltd.Company in our office.I want to know what is the exact duites & responsibilities of statutary auditor in audit.

Which area I have to concentrate more at the time of audit & finalisation.

While audit of pvt.ltd.companies how to know which section is applicable or not? & which section is violate or not? In ROC matter also how to know what is applicable or not?

Pls.solve my query asap.

Regards,
Prakash Jasani

email id:prakashjasani_56@rediffmail.com

as per sec 283(1)(g) a director has to vacate the office if he absents himself for 3 consecutive meetings or all the meetings in a year whichever is longer.,without obtaining leave of absense.,

so it means a director need not vacate if he subnmits his leave of absence n the same being approved by the Board

while preparing balance sheet what are the areas where we will consider please let me explain with details

if a manufacturer manugacture one excisable good called "A" and he also trade in one good called "B".

how a manufacture take credit of input goods as well as input services as some portion of both are use in trading of goods "B".

My Bangalore client company employs ten persons for its work. The total staff is ten only. whether the company is liable to deduct and pay profession tax of employees if the pay exceeds Rs. 5000 p.m.in each case of the employee?

Is a party engaged in assembling of elevators and escalators liable for service tax or VAT.If so, kindly let me know the relevant section and circular.
The party supplies the material also.

hi,
please help in finding whether TDS is to be deducted both on Incentive and commission paid seperately to agents of LIC under Section 194(d) or whether any seperate section is applicable for TDS on incentive,please Quote the relevant section,hope somebody will me out in this matter.


regards

vikas

Suppose one person have not filed his return of income for the FY 06-07 while his tax has been deducted by the employer for that year. He had filed his return for the FY 05-06.

Now what would be the legal consequences?
Will he be entilteled for the refund for the FY 06-07 because his Deduduted Tax was over his actual tax liability for that year.

Pls guide....


Thanks,
Abhishek