If any legal expenses for a case which was related to director's case but the company has deducted TDS on same and filed its TDS returns now while conducting audit we found that it was dorector's case with state bank...
now the account department is telling that we will transfer it to directors loan A/c.
As the returns are filled and TDS has been deducted by company can we transfer it to his loan A/c.
Director is person who is not liable to deduct TDS...
the legal firm is also appearing before court for another case which is of the company.

- Is FBT applicable on Sodexho allowance ( not sodexho coupons).
- If yes, then is there any limit for sodexho allowance, to be given to employees monthly?

when we pay the interest for late payment of tds to gov.we are elgible to deduct interest as admissible expenditure?.if we can under what section.
Some sir's are given reply this is penalty in nature,so this is noy allowed.Thanks for reply

BUT Ihave one doubt The late payment is due to non availability sufficient funds in business.Sobusiness have to bare burden of interest

Sir,
if a company is importing some items on which it has paid security for container in which it has packed its material, when material reached at indian port company has paid epenses to container corporation of india and returned back security money to the company company. now question is what is the nature of expenses is it rent,packing charges or fraight. and if it is rent do the company has to deduct TDS on that payment.

What do we mean by Asset Reconstruction Company(ARC)?. Who regulates those companies in India? What is the nature of business of these companies?

Sir,
if a company is importing some items on which it has paid security for container in which it has packed its material, when material reached at indian port company has paid epenses to container corporation of india and returned back security money to the company company.
now question is what is the nature of expenses is it rent,packing charges or fraight.
and if it is rent do the company has to deduct TDS on that payment.

a urban cooperative bank has invested funds as fixed deposit in other cooperative bank with a condition that after the maturity the interest will be added to the principal & reinvested .
what will be the treatment of accrual interest for the financial year 2006-07?
can this interest be claimed as deduction from the profit of the urban coperative bank as income derived by the coperative society from its investment in any other coperative society?

cooperative bank has invested funds as fixed deposits in other coperative banks with a condition that after the maturity the interest will be added to the principle & again be reinvested.
what is the treatment of accrual interest in the financial year 2006-07?
can it claim deduction for the interst received as income derived by a coperative society from its investment in any other coperative society?

Whether Managing Director of a Private limited company can withdraw and deposit cash through current account transactions

Is Depreciation allowed for a fixed asset which is purchased by paying Rs.25000 in cash