sir,


I have tds filed 09-07-2014.the statements was ' processed with default' amount is late filing fee 11000, cess 97, interest 114.
The tds filing correction in 14-08-2014.after the letter of intimation is interest u/s 201 Rs. 114, interest u/s 220(2) 111. total amount is Rs.225 what is the two interest ?. may i want to pay interest amount?

Greeting All of you,

Our PLA deposit amt showing difference values in ledger books and ER 1 returns. (A/c Ledger showing big value against ER 1 return.) Before my previous persons jumble the amounts. Can i get correct amt of deposit in website? Other wise what i do?

Kindly help me in this regard.

Regards
M.RamKumar
ramkumar.mathurthi@gmail.com

we are sales for vat, exempted, CST, consignment sales, purchase material only use to stores how this calculate please tell formula with example

In one of the case where TDS supposed to be deducted @10% where as by oversight 2% deducted and there is no other transaction with that party for recovry of the short deducted amount. Now we received a demand from IT deptt to pay the short deducted amount along with penalty. penalty is payaable but in case of short deducted Please advice whether the same amount to be paid or not since we we dont have any transaction with the vendor and it will be double payment to party by giving TDS certificate.Please advice

1. Is Schedule V applicable for MD of Private Companies also.

2. Limitation that a MD cant be appointed in More two companies at a time. is that applicable for private companies also.

Please reply

hello guys, i am a bit confuse and i need a clarification on this matter.

• According to work definition in sec194 C it includes carriage of passenger by mode other than railway, and further it is said to not to deduct tds for hiring of transport for the purpose of goods only when PAN no. is made available by the transporter. Passenger is not mentioned here in this case. So does It mean that we need to deduct TDS when payment is made to transporter for carrying passenger ?

For example a employer hire a bus transporter to take his employees from one factory to another factory, and invoice amounting 32000 then do he need to deduct TDS on Rs. 32000 or should he just take PAN no. from the transporter?
thanks in advance ..

I have a query regarding one of my client which is a Private Limited Co. that, he is holding excise registration number. Previously they were using rented premises where the registration was obtained. In the said premises he was having material in hand which is raw material & Finished goods which is manufactured from the raw material & now they are shifting the premises so as per the CBEC rules we have to obtain new registration number for the said premises.

I have to inform you that there is a CENVAT Credit lying in the accounts of the older number. We need to transfer the CENVAT credit to the new number & new premises.

We have been informed by their excise consultant that, we need to maintain 2 sets of books for the date of closure of old units & starting of the new units.

Please advise me, what is correct method to be followed in excise rules to avail & Continue with the CENVAT Credit they have in the books for the old registration number & to be carried forward to the new number. And whether we have to maintain two sets of Books of Account for Old number & New Number?

Dear All,

We are the manufacturers of Cement products. We receive the Service on Transport services (Freight Inward). As per the RCM We are paying the Service Tax on 25% amount.

My Doubt is the Service Tax amount what we have paid for GTA (Freight Inward) Can availed the Cenvat Credit for Excise Duty Payment or Not.

Pls advise any notification or rule position for me.

Dear Experts,
As per Company Account Deferred tax shown of Rs.9543/-Dr( assets) ( opening Balance as on 01.04.2013)
but, WDV as per Company Act : 5,34,456/-(31/03/2014)
WDV as per income Tax : 8,17,199/- (31/03/2014)
There for Deferred Tax Liability of Rs.87,367.59/- can I make the entry as on 31.03.2014 to shown the Deferred Tax Liability of Rs. 87,367.59/- By passing following entry :
Profit and Loss a/c 96910.59
To Deferred Tax a/c 96910.59
It is correct.
Whether any problem is raised as per income tax.

I want to claim refund of TDS paid under 195 which was actually not supposed to be paid