We have made the adhoc provison on meracantile basis for various expenses for the year ending march 07 .
No TDS was deducted on such provision being adhoc .
Actual bills will be booked in the current year and provisions will be reversed . we intent to disallow the expenditure in computing the taxable income for as no tds deducted on such a expenditure .
Pl advise best option available to overcome TDS penal provison and how to incorporate the same in Tax audit report .

I am NRI but I had salary + interest income from India. Deadline is over but I want to file returns in India.
1) Which form to use?
2) Where should I specify my over-seas income?
3) Under which section I should claim tax rebate on foriegn income?

4)Since I am considered NR in India, do I get standard deduction and rebate under section 80(C)?

After clearing CPT, we have to undergo articleship under a registered CA. previously ICAI themselves used to hold allotement programmes to allote students to different MITs. According to PCC FAQ document in the ICAI.org,

“44. How to find out an MIT / a Principal? Who are eligible to train articled assistants?
Vacancies for articled assistants are available with the Regional Offices and Branch Offices of the Institute.”

What does the above excerpts mean? In which section of ICAI’s website we have to contact or the procedure is quite different? Plz advise….

PS: What things should we look (suppose we get a list of vacancies) and priotise while selecting MITs?

What is the status of applicability of FBT on staff related expenses incurred during construction period . Company engaged in construction of Mall is capitalising entire expenses till the final completion of Mall.
In case FBT is leviable how the same is to be reflected in accounts. Whether to capitalise it or to be shown as pre operation expense .

A company which is doing Job work and producing finished product in the name of other manufactureres, has arranged for providing LABOUR in the factory with a Cooperative society formed by the very same labourors. As per the terma Society is billing to the Company for the Labour supplied based on the Minimum Wages as applicable (inclusive of add ons such as HRA, DA etc)PLUS 2.69% as SERVICE CHARGES thereon on monthly basis.
Till now Coop. was able to produce Exemption Certificate for TDS provions u/s 194, but from current year they are unable to do so.
The question which arise Now is on What amount TDS u/s 194 is applicable from the company side:
Is it applicable on the Total amount of Bill ie Minimum Wages Plus Service Charges? OR
Is it applicable only on the Service Charges on the plea that Minimum Wages which are being billed to the company is reimbursement of wages to the labourors.
Please Clarify. If possible reply may please be sent to following email as well
ghuliani@gmail.com
Thanks
Ghuliani

hi dears
I want to know that my company is basically developer/Builders not construction company,It letout flats on rent and provide Maintainance facility to customers also,which is its secondary business.Can he take CENVAT credit on service tax paid to contractors for work contract for construction of the flats of which it let out on rent against Service Tax paid on rent to govt. authority.

ITS VERY URGENT.

Regards
Sarveshwar

What is the provision for a Pvt CO to increase its authorised capital and under which section are all other matters related to pvt co dealt with?

Dear Sir,

A company pays Membership Subsription to clubs and hotels for its Directors. The same is claimed as Revenue Expenditure.

Is TDS applicable under this??

What is check lists for the audit of Inter Branch Reconciliation?

During the course of audit, the auditor, due to some increase in his work load and expenses, want to raise his remoneration.

How can it possible for him and what are all the modalities to be followed by him in this regard?

Can he resign if the remuneration cannot be raised?

What is the remedy?