GOOD MORNING
MY QUERY IS IN ONE OF MY FRIEND COMPANY THEY MAKE PAYMENT OF TDS BY 7TH IN HDFC BANK . BUT PROBLEM IS THEY PAID FOR TDS ON CONTRACTOR FOR NON COMPANYIES THEY PAID AS TDS ON CONTRACTOR FOR COMPANIES AMOUNTING TO RS.80000/-. IN THIS CASE I WANTED TO KNOW IF THIS AMOUNT ADJUSTED IN THE TDS RETURN OR WE HAVE PAY THE SAME TDS AMOUNT UNDER TDS ON CONTRACTOR FOR NON COMPANIES.

i have transport buisiness 2 light good vehicle one in my name and other in my uncle firm name and on instalment which i pay in cash i want to know how the net taxable income is calculated or what is minimum income thai is to be declared for income tax talking into account all deductions(e.m.i maintainance,depriciation,fuel cost,driver salary and others)

and also do i need to maintain record of expenses like maintainance cost,fuel amount or we can trake it as random )

ON WHAT BASIS ADVANCE TAX IS TO BE PAID

form 15 G can be submitted into the bank but what are the conditions under which it can be submitted.....

Dear Sir

Can you please help me out weather Marginal Relief is applicable to Individual Assessee


Thank You

after joining articleship when i should start tutions for final. and which subjects first and which later

Shall we post a journal entry for every month after filing monthly vat return to salex tax for vat receivable & payable on monthly basis to knock off the vat amount payable / recvb'l

with regards,
S.Boopathi

Hi Experts,
Pls clarify this small doubt for me,

One of my client is in the business of Purchasing and selling the leather(only leather and not leather products,
and Which includes the leather on job work basis), After they receive they will pack and modify the Price and they are selling to the parties(interstate,local,exporting).
Whether they are liable to the excise duty?

The job worker is not charging the excise duty...

Pls reply as soon as possible

Hello to all

my query is.
we have deducted TDS on 28 april 2014
and
applied for TAN on same day 28 april
but
TAN is alloted on 11 june 2014.


My question is whether we are liable to interest on TDS deducted?
since we never anticipated transaction will happen.
and due date of deposit TDS on 7th may and we are unable to deposit tax in absence of TAN no.(as TDS deposit must quote TAN no. to bank).

We deducted tax since payee is non resident and we have to deduct tax before payment to NR


PLEASE ANSWER WITH
RELEVANT SECTION,
PROVISION
AND
CASE LAW IF ANY

THANKS.

Dear prabhu sir,

1)As per TB for the year 2013, after depreciated value of asset we didn’t shown in our system.
Can its possible pass the JV for the asset to shown in our Balance sheet..

If we want pass the how we can shown means what is the accounting entry…

2) we didn’t shown our share capital,150000 in our system. Ca it’s possible to show in 2013 TB,
Or this year we can show..

Kindly suggest..