Ghuliani
16 October 2007 at 18:17

Application of TDS

A company which is 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. As per the terma Society is 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 able to produce Exemption Certificate for TDS provions u/s 194, but from current year they are unable to do so.
The question which arise Now is on What amount TDS u/s 194 is applicable from the company side:
Is it applicable on the Total amount of Bill ie Minimum Wages Plus Service Charges? OR
Is it applicable only on the Service Charges on the plea that Minimum Wages which are being billed to the company is reimbursement of wages to the labourors.
Please Clarify. If possible reply may please be sent to following email as well
ghuliani@gmail.com
Thanks
Ghuliani


sarveshwar
16 October 2007 at 17:07

CENVAT CREDIT

hi dears
I want to know that my company is basically developer/Builders not construction company,It letout flats on rent and provide Maintainance facility to customers also,which is its secondary business.Can he take CENVAT credit on service tax paid to contractors for work contract for construction of the flats of which it let out on rent against Service Tax paid on rent to govt. authority.

ITS VERY URGENT.

Regards
Sarveshwar


RItu
16 October 2007 at 14:42

Private CompANY

What is the provision for a Pvt CO to increase its authorised capital and under which section are all other matters related to pvt co dealt with?


Rahul Singhal
16 October 2007 at 13:37

TDS on Membership Subscription

Dear Sir,

A company pays Membership Subsription to clubs and hotels for its Directors. The same is claimed as Revenue Expenditure.

Is TDS applicable under this??


thanumalayan
16 October 2007 at 12:47

Inter Branch Reconciliation

What is check lists for the audit of Inter Branch Reconciliation?


thanumalayan
16 October 2007 at 12:44

Remuneration of auditors

During the course of audit, the auditor, due to some increase in his work load and expenses, want to raise his remoneration.

How can it possible for him and what are all the modalities to be followed by him in this regard?

Can he resign if the remuneration cannot be raised?

What is the remedy?


CA YOGESH
16 October 2007 at 12:22

allotment of shares in pvt ltd.

If a pvt ltd company goes for allotment of its shares, whether it is necessary for pvt. ltd company to offer its shares first to existing shareholder? . In this regard wht is in Table A


thanumalayan
16 October 2007 at 11:56

Panchanama

What is Panchanama?
What are all the duties of the assessee with regard to Panchanama?
I want to know the details of Panchanama.....


maheshwar

working capital


maheshwar

Sir kindly give me accurate definition of working capital.






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