Hi,

I want to ask that If an employee drawing salary of 30,000/- pm (3,60,000/- pa) leaves the company after 2 months then whether employer is liable to deduct TDS from his two month salary because his Annual salary exceeds taxable slab but the company paid only 60,000/- which is below taxable limit.Confused plz help me out.

Thanx in Advance

ours is a company which has received a proforma invoice from another Co.towards rendering of training charges of rs.72090/-plus service tax of Rs.8910/- 7 gross bill amt is Rs.81000/-.my query is what J.Entries are to be passed here on its initial advance payment & at the time of booking of expenditure on receipt of tax invoice & at what rate TDS is to be deducted & on which amount.whether it is on Rs.72090/- or Rs.81000/- at the time of initial advance payment

sir,
a person having income from salary and income from other sources.whether section 234B and 234c will apply or not?

hlo sir i have cleared cpt with 147 marks but i am confused that i should immidiately go for ipcc or wait for 1 year because syllabus of bcom 2 and ipccis little same . i also wanted to know that it would be benificial to give both the groups at same attempt or seperately thanks

There is a party "D" from whom no contract was made with Party A. Party A make payment of different bill of different work to Party D bill 1 Rs 4025
bill 2 Rs 5045
bill 3 Rs 709
bill 4 Rs 8094
bill 5 Rs 1478 etc. Total sum of all bill in a year may be exceed Rs 75000 because there is no contract so we dont know amount of all bill will exceed rs 75000 in a year.
whether tds to be deducted in bill 1 2 3 4 5 etc and if not then when to start deduct tds?
whether for deducting tds contract argeement is compulsory?

One of my client income comes around below 50 Lakhs for AY 2014-2015 from salary , House Property & Bank interest. Also he has the capital gain of more than 1 crores. I have calculated a tax payable separately for the income and capital gain as special rates. I have a clarification whether the surcharge is applicable for both calculation or only eligible for Capital Gain?
Please clarify. Thanks in advance

Hello,

I just want to confirm that if suppose an entity is following the block of assets system of accounting & particular asset belonging to a block is sold over & above its wdv but later on the another asset belonging to the same block is purchased then whether capital gain arising on 1 st transfer of assets should be trf to profit & loss account or will remain under the same block..

I wonder if any of you would help me guiding about the beat time to join coaching for ca final. I have options of jk shah classes and nahata indore.. or both.. which subject to be pursued from which coaching and the best time to start the coaching subjective... will any1 suggest me

Sir

Please tell me if i bought a new machinery in m/o may 2013, for Rs 55000/- and already machinery in book whose value are Rs 22000/- , now please tell me the mathod of depriciation if , i am propriotership/partner ship firm or a ltd/pvt ltd co. please explain with example.

thanks

mukesh kumar

i am very old student and gave my final first attempt in 2011. and cleared first group. Now i m planning to give second group. Due to time gape i am confused abt how to start? Can anyone guide me. Currently books i have are: costing- module of 2012 year and paduka of may 14 attempt isca- paduka of may 14 attempt and module of nov 13 attempt dt - manoharan book of may 14 attempt idt- bangar of may 14 attempt. i have appeared in may 14 but i knw for sure that i wont clear... pls guide...