Dear Expert,

we deducted the TDS u/s 194c which should be deducted as per sect 194I, now the ITO is asking us to pay the differential rate of tax amount to them.

But the service provider on whose amount this tds is done, has filed the return and paid the tax amount accordingly.

if we pay the amount as per ITO, it will become double payment of tax (service provider already paid on his sales).

hence in this case what i have to do?

one of my client made a loan of Rs 100000/-to her wife which was paid back to his HUF by the wife.Both are by account payee cheques.Will it attract section 269SS or 269T?

can a company declare 100% of its profit as dividend?

Respected All,I have come to kinow about Chartered Financial Analyst Course(CFA). I am inhabitting in Lucknow. May i know that is ICFAI or any other institutions are also affiliated related to this course.

CAN COPYRIGHT OF MOVIES AND SONGS GENERATED/PURCHASED DURING THE YEAR BE AMORTISED OR/WRITTEN OFF IN THE SAME PREVIOUS YEAR AS PER INCOME TAX ACT, 1961.

PLS PROVIDE JUDICIAL CASE LAWS(IF ANY) AND RELEVANT PROVISIONS REGARDING THE SAME.

In Balance Sheet an individual has shown in Liabllities as 60 laks as capital account, and sundry creditors as 20 lakhs loan recd as 10 lakhs and tallied with Asset Side with 10 thousand as cash in hand, 1 laks at cash at bank and balance as land and buildings. For availing loan Banker is asking bifurcation of Capital Account. How to show details of capital account. Kindly guide. This is very urgent

I have recently joined as Admin cum Accounts if a Charitable and Religious Trust in Karnataka. Since the trust recently started and now 6 employees being recruited-whether Professional Tax to be deducted from the salary?
What other legal requirement to be complied as an accounts-admin?
Please reply
Thanks and Regards,
Akshay.G

Can Department use information gathered from private sources as evidence against assessee

PLEASE PROVIDE THE RELEVANT CASE LAWS ALSO.

Para 35 AS-7, When it is probable that total contract costs will exceed total contract revenue, the expected loss should be recognised as an expense immediately.

In a Case where contract till not started, what entry to be passed to recongnise exp in pl? should we create a corrosponding provision in b/s?

In a case where contract cost of such part of contract which is pending to incurr is expected to exceed revenues, what entry to be passed for same purposes?

hello sir i want to know whether duties, taxes, cess or any amt payable under any law will be added in valuation of closing stock as per sec 145A of IT Act if such duties & taxes r refundable i.e Input Vat, Cenvat etc. since these r not part of our cost hence should not be added in valuation of closing stock

one more ques is whether provision for excise duty is required to be made at end of year in respect of finished goods not removed from factory as per guidance notes of ICAI

if yes what will be its treatment & accounting for such provision
(journal Entries) & if we debit it in trading a/c will it constitute d part of closing stock value as cost of production ?

please explain d above point in detail in respect of AS-2, Guidance Note & Sec 145A of IT Act


Thanx in Advance