Is TDS duductabe on provision of audit fee (In this case nither bills received nor payment made only provision made in balance sheet).

how to calculate EMI if loan taken minthly rest ie fluctuating loan

Dear Sir,

Wether TDS is need be deducted from Service Charges & Agmark Inspection Charges paid?

If Yes, then at what rate & the amount on which rate should be applied i.e. whether amount to be considrered is inclusive of service tax or not ?

If some one have an income of Rs. 2 lac in FY 07-08 (AY 08-09)from Salary. After making required investments as per IT Act his Income fall under 1.50 lac.

FOR FILING RETURN:-

Form 16 is required?

or

Salary certificate is enough !

OR

Self declaration

pls advise

Rajesh goyal

Can advance payment to a supplier is eligible for TDS.

What should we do if the supplier return back the amount with a bill which was not falling in limit of TDS

for Example we paid advance of Rs. 25000/-to supplier 'X', with deduction of TDS (Rs. 515/-).

After some time Mr. 'X' has submitt his bill of Rs. 15000/- and return back the bal amount (Rs.9485/-)

what will be the status?

Please advise

Thanks

Rajesh

Hello Friends,

I am doing an audit of newly incorporated company which is a subsidiary of a foreign company. They are recieving some money from the Holding Company before incorporation for certain preliminary expenses. And they are refunding that money after some months to their Holding Company. So whether they falls within the ambit of Section 269SS and Section 269SST

Hi Friends,

Please resolve my problem.
A company was newly formed and they are paying salary to their directors in cash exceeding Rs.20000 otherwise than by an account payee cheque and directors withdraw cash from the bank. Then it will attract disallowance of Section 40(A)(3) or not.

What is the capital gains treatment in the case of units of mutual fund invested on a daily dividend plan? Meaning the amount accumulated as dividend in the forms of units on the basis of NAV, reinvested and subsequently withdrawns during the year by way of redumption of units.

Respected Members,

One of the client incurred foreing exps on travelling which includes both Hotels & Food exps. also.

However the client charging all exps. to Travelling exps. foreign a/c only. Due to that FB value calculated 5% on total exps.

Whether treatment is correct as per the Accounting and Income tax? Please reply the soon.

Regards,

Prabhakar

Whether NGO registered under society registration Act 1860 can be assessed as AOP ?
If Yes what will be the basic tax exemption limit applicable in that case