OUR IS PROPRIETARY CONCER in the finansical year 2006-07 total turnover is rs 50 lakhs tds is deducted & paid but in financial yers 2007-08 total turnover is less than rs 40 lakhs & income is presumtive income u/s 44AD cotractor 8% net profit is shown whether tds provision is applicable or not in the f y 07-08 & 08-09

In its Circular No: 4/2008 dt 28th Apr 08 (https://www.caclubindia.com/news/2008/5/clarification_on_tds_on_service_tax_on_rent_u_s_194_i.asp), the CBDT made it clear that "Service tax paid by the tenant does not partake the nature of income of the landlord. The landlord only acts as a collecting agency...Therefore...tax deduction at source under section 194-I ...would be required to be made on the amount of rent paid/payable without including the service tax".

The same logic applies for payments of several kinds attracting TDS provisions of Sec 194-C. For instance, we are paying Service Tax for Software Maintenance. Since the annual payment exceeds the limit prescribed u/s 194-C, we are at present, affecting TDS on Gross amount, that is, Software Maintenance including Service Tax.

Taking a cue from the above Circular, shall we restrict TDS to the Software Maintenance, that is, exclude Service Tax. Please advise

Can employer deduct PF more than 12% from ours salary ours own wish
e. g if we deposited pf 20% can it possible

Im student of ca-pcc ihave completed my 7th months of articleship .after 7th months im not happy because my my employer give the work of typing & said to go to bank deposits challan & withdraw cash & other work . im really confused about my career .is it effect my career or not. it is ok with my 7 month articleship

Dear sir

i want to know about the accounting of SEZ unit established in SEZ noida. is their any changes in accounting from the head office?I also want to know about preoperative expenses and prelimery Expenses.can we include pre operative expenses incurred befor starting the production in SEZ unit whereas i have already a units in different location which are runing since two years.so pleas tell me can we include preoperative expenses in accounting befor starting the production and what type of expenses are to be included?As per rule we are liable to maintained seprate books of accounts of individual unit of SEZ for availing the exemption.

Hi
i just want to know that i lost my excise invoice in transit, so my customer is refusing to pay the amount of excise duty and cess thereon..can i issue a duplicate invoice?
what are the procedures for same and in which section these are covered?

in the finansical year 2006-07 total turnover is rs 50 lakhs tds is deducted & paid but in financial yers 2007-08 total turnover is less than rs 40 lakhs & income is presumtive income u/s 44AD cotractor 8% net profit is shown whether tds provision is applicable or not in the f y 07-08 & 08-09

is it compulsory to made payment of all type of taxes through net banking for F.Y. 08-09.

Thanks & Regards,
Mahendra

CAN ANYBODY TELL WHERE THE CAPITAL ADVANCES ARE SHOWN IN BALANCE SHEET. SOMEBODY TOLD ME THAT IT IS SHOWN IN CWIP, BUT WHERE IT IS WRITTEN

A building co-owned by two people is given on rental basis for Rs. 1 lac p.m. Is the exemption available to both of them separately or the service tax is payable as AOP.

Further,the AOP can avail the exemption of Rs. 10 Lacs since in the previous year it rental income was below 10 Lacs