As notified recently, TDS deducted during March' 08 can be deposited in a period of 6 months i.e upto 30th Sep' 08 then what will be the last date for filing of TDS return for qtr ending Mar' 08 and due date for issue of form 16 & 16A?

As per new notification TDS is not to be deducted on Service tax component of Rent Invoice. This notification comes into effect from which date?

Hi,

Please clarify whether withholding tax is applicable in case indian company for payment made in india towards commission/borkerage on behalf of foreign company (cum shareholder) of such indian company.

regards,
Suma

Dear Sir,
One of my client is running two businesses- a) transport sub contractor and 2) Wholesale distributor of telecommunication instruments. His total receipts from sub contracting during the year are approx 2 crores while those from telecom instruments trading is Rs. 7 Lacs Only. He is registered under MVAT Act, 2002 in respect of his trading business.
Gross receipts being more than Rs. 40 lacs he is liable to tax audit. But, since his receipts from taxable business under MVAT Act are less than the threshold limit; is he liable to audit under MVAT Act.(Total individual business receipts more than 40 Lacs)?
Please clarify.

Thanks in advance.

Dashrath ji

As per your suggestion, Excel not prefix the Rs. before number, kindly clarify.

If the TDS deducted during a financial year is not deposited every month but deposited in full in Sep next yr i.e before Filing ITR. Will the expenditure disallowed or not for that previous yr when TDS was actually deducted?

Surcharge is applicable for the company when total income cross 1 crore.This total income is net taxable income after deduction or profit as per P/L Account?
Please guide......

Kindly recommend me best reference books for ca final new course for Corporate & Allied laws, Audit

if wrong return of allotment has been filed how to rectify the mistake.
and what will be the consequesnces

Company X is having 1 lac equity shares on Dec.2007. Company has issued 20,000 shares @ Rs.100 each. Market price at that time was Rs.150 each. What will be the Basic EPS & diluted EPS as per AS-20 ?