Our company is a group company, in our division Products are (sales) VAT exempted products, but on purchase of rawmaterials and othe finished products we are paying vat, shall we take input credit, in group company in our other division other manufacatured products we are paying VAT. Please clear my doubt.

K. Srinivas

I am working in a Listed Company. The Company has 5 factories in the same state. Each factory has 4 Divisions. Each Division has a different TAN number.

Now, considering any one factory(F1). Suppose it has 2 Divisions (D1) and (D2).

D1 is taking professional services and needs to deduct TDS on the same. However, payment to the service provider is made by D2 after deducting TDS(for the first 6 months).

So, is it wrong from compliance point of view, that TDS is not deducted by D1 but by D2 for 6 months since services is received by D1?

What is a centralized TDS scheme in this regards?

Please provide links to laws/act/rules for references.

If someone deposits say Rs 1lac in my Saving account or joint account with spouse what is Income tax implications ?
Will Income tax departement ask details.
I pay Tax under Salary

what are the consequnces of wrong pan in tds return

penlty 10000 or rate would be 20%

we are paying the Rs. 24 Lac per annum as director remuneration to one of the director of the company having 98% share holding. please advise we need to pay the service on his remuneration or not. Please reply.

Dear Friends,
I am a student of Final & in the last year of articleship.

I want to join an industry as an industrial trainee which is not listed by ICAI but satisfied all the conditions prescribed by the ICAI, but no one Chartered Accountants employed at present in that industry.

Can I register with any other Chartered Accountants working in some other industries as an industrial trainee?

Thanking You,

Rajesh.s

sir
is companies act 2013 applicable for may 2014
while presenting auditing answers student shud write companies act 1956 or companies act 2013
plsssssssssssssssssss help me

Hiiiiiii frds,

One of my client is a salaried employee and for AY2010-11 ,she has total income of 4,50,000 and employer has deducted tds and he has no other income.
And for AY2011-12,she has total income of 4,00,000 and for this year also she has no other income.
and my dought is whether is she is required to file return for the above two years?

Can any one clarify my dought?

Dear All,

Que. Related to service tax ( Business Auxiliary )

Eg. We give commission to Party of
Rs.28081 service tax is included(i.e.12.36%).

We deduct TDS @ 10% on Commission.Rs. 2808

Pay the rest of amount to party i.e. Rs. 25273.

I want to know how we pass entry in Tally. Are we liable to pay service Tax?
Give any Info. related to this.Any Form that should be submit to Department.

Thnx

i have filled TDS return, the statement has been processed at tds-cpc site, but there is no available download form 16A, how i will have to get 16A?