Can anyone confirm if it is mandatory to file Annual TDS Return if you are filing Quarterly TDS Return and if yes please explain the procedure for filing Annual TDS Return ( FORM 24 & 26 ).

Also tell me the due date for filing the Annual Return?

A company which is presently under BIFR and deducting and contributing @10% of applicable salary for their employees on rolls by virtue of being Sick and under BIFR doing Job work and producing finished product in the name of other manufactureres, has arranged for providing LABOUR in the factory with a Cooperative society formed by the very same labourors.
The society has been selected by the process of tendering and negotitation in the past. This society, as per the terms was billing to the Company for the Labour supplied based on the Minimum Wages as applicable (inclusive of add ons such as HRA, DA etc)PLUS 2.69% as SERVICE CHARGES thereon on monthly basis.
Till now Coop. was deducting and contributing the PF from their employees in the company's PF Trust Account. However recently a new tender was floated by the company wherein it was also stated that all the bidder to the tender should have their own seperate registration under PF Act.
The cooperative which is the successful bidder had the " PF applied for" status but no number till date and they are insisting that they be allowed to deposit the PF deduction in Company's PF Trust Account.
The question which arise Now is

1) Can the cooperative Socity which is supplying over 400 persons on regular basis to the company and charging for their services on commercial basis can deposit the the PF deduction in the Co PF Trust Account without having and pursuing for their own Estt. Code under PF.

2) If yes, then what are the consequences for the company as Principal Employer at any point of time.
If No, what are the alternatives available to the company so that company should not be held responsible for these contracted persons in any way any point of time?

3) Whether the position will be different in case if the contractor supplying the labour was a different entity earlier and workers formed the Coop later on and bagged the contract as above. However in any case the individual workers were the same through out irrespective of the contractor status whether Coop or otherwise and their contribution of PF was going to their same individual account with the company under the same Estt. code. In short despite the change in status of the contractor individual's account number and Estt code remained the same without any change.


Please Clarify. If possible reply may please be sent to following email as well
ghuliani@gmail.com
Thanks
Ghuliani

1)if some body resigned from company on Feb`08 but Full & Final payment(with notice period salary) has done on april`08, then how to enter this transaction in books?

2)please give any format for monthly salary entry format which includes all bifurcation e.g.basic pay+DA+Conv.allw.+HRA+PF (both employee+emplyer ded.)with TDS ded.

hello everybody, i have come across this firm does anybody have idea how is this firm for articleship ..is there anybody who is doing articleship from this firm

thx in advance

My friend has bought a truck's chasis for Rs.8,00,000/- under HirePurch agreement with Magam Leasing. He has paid following approximate amounts soon after purchase:-
Body of Truck 70,000/-
1st Insurance 18,000/-
Registration 15,000/-
1st Road Permits 15,000/-
Also the Financer had debited Rs.95,000/- towards the Hire charges.
Can all these expenses (Chasis, body, 1st insurance, 1st road permits, registration, Hire charges) be capitalised in the cost of truck.

Dear Friends,
One of our client raising service tax invoice with taxable and non taxable items (ie. professional charges, Reimbursement of expenses)

i want to know whether we can raise one invoice with taxable items and non taxable items
or we have to raise seperate invoice for taxable and non taxable items.

please clarify regarding this.

Thanks,

Hi,
we are paying rent office - Rs.19000pm and maintenance charges Rs.5000pm.
We are paying seperate cheque for rent and maintenance charges.

i want to know whether TDS on Rent is applicable on Rs.19000 or Rs.24000 (19000+5000)

thanks

A company in india was initially incorporated with 2 indian directors. The Company is engaged in Travel related services which is coming under automatic route for FDI. My query is that now , the company proposes to issue 95% of its shares to a foreign company. i believe that prior approval is not necessary as the FDI is covered under automatic route. What is the procedure to be adopted with respect to RBI for allotment of shares. What is the form/application to be filed with RBI for allotment of shares to a foreign company??

Hi Experts
I just know that a foreign company is incorporated outside india and has a place of business in India. we have 100% subsidary companies like Ford motors etc., will it come into the cagegory of foreign company? If a foreign company sets up business in place like SEZ, will it get the same tax holidays as enjoyed by other companies?

Do anybody have salary return file in Excel, if yes please upload the file on net.