Is it allowed to charge profit/ margin on the cost during providing service by one department to other department of the same company at same place under the same management and at same establishment with having same registration/ license/ PAN/TAN ? Example : XYZ Ltd has two departments A & B . If 'A' provide manpower services to 'B' at a cost of Rs. 10,000 then is it allowed to charge profit of 10% and debit Rs.11,000/- to 'A' and book profit of Rs. 1000 in the books of 'A' . However at the time of consolidation of accounts of XYZ Ltd this Income will be nullified and net profit will be Nil as a whole for XYZ Ltd on account of these entries. However there will be income for XYZ Ltd from its main activities / business. Is there any problem if Income is credited in the books of 'A' and later on same amount of Income is Debited and same head of expenditure is credited in the books of XYZ Ltd at the time of consolidation. If it is not allowed to Credit Income under one department's account and Debit Income in main account then please give reference of the rule/ guidance etc. These entries will help in generating profit for one department and for the company as a whole there will be no profit due to these intra departmental service and no Income Tax will be payable by XYZ Ltd on this account after consolidation . Ultimately actual expenditures will be shown in the consolidated account. Is it allowed ?

We have taken a Container on rent for office use for 6 months and paying a monthly rent of RS 50000. i WANT TO KNOW AT WHICH RATE U/S 194I (10& OR 2%) DEDUCT TDS ON RENTAL CHARGES..

one of my clients turnover exceeds 10 lakhs in fy 2013-14 and he got st no.but in fy 2014-15 his expected to is less than 10 lakhs. can he avail exemption u/n 33/2012 for 2014-15? once registered means under liability for all upcoming years?

Sir, I need your immediate guidance.I have passed gr 1 long time back.There was a break in ca studies for a very long time.Now I have decided to start again and clear gr 2.I do not know how to start and how to proceed.Please guide me so that I can definitely clear in may 2015 if not in nov 2014.Regards

Dear Sir/Mam

I have registered for the IPCC course in 20/01/2010. I have not cleared my IPCC group- II yet. My registration had expired on 20/01/2014. I have fill the examination form for May 2014 attempt and will be applying for my revalidation now. Will I have been eligible for the attempt May 2014 examination and will my roll no be allotted to me? Please reply me as soon as possible.

respected sir,
for ay 2014-15 there was a provision incerted in itr forms to brought forward unclaimed tds .please discuss this point .

Limit of Rs. 75,000 is per year.

Suppose of bills has been issued of 1.2 lakhs in a year. And only 60,000/- has been paid in that FY and remaining has been paid in susequent FY then wheteher TDS is required to be deducted.

Single party amount to be considered.

One of my client is selling products through ebay. Ebay collect the payment on their behalf from the customer and pay balance amount to my client after deducting their charges. Now question comes whether the charges will liable for TDS or not? If yes, how the same will be managed practically.

I am Due for submission of form 108 on 02.03.2014 but til date i dint submit my form 108...

I am planning to send it tomorrow i am submitting the form can any1 tell wat all things i need to send an for wat amount i need to remove DD?????

I need to submit my attendance an other records also due to delay in submission of form???????


its Very urgent..

is the scope of. CA's r minimize???