Dear Sir

When to deduct TDS whether it is on accrual basis or payment basis.

IN one instance of our client they paid amount to the contractor but they dont deduct TDS on the payment because they did not received any bill from contractor.

As per explanation given by them they will deduct TDS when ever they receive bill from contractor.

They have paid in the year 2012-13 and not deducted tds and they received bill in 2013-14 so they deducted TDS

Finally my query is what is the impact of that payment in 2012-13 as well as 2013-14

Dear All,

In case of TDS of interest (94A) & Brokage (94H) the limit of 5000 should be considered of single Party ?
Eg. I have to pay brokerage in total Rs. 8714 to Mr.A Rs. 4087 and to Mr.B Rs. 4627.
Now am i require to deduct tds as the total Rs. 8714 as the limit exceeds Rs.5000? or i should not deduct TDS as the limit in each case does not exceed Rs. 5000.
Please clarify Along with reason.

Sir,
I want to know how service tax to be reversely calculated on following example, sales invoice service tax rate is 12.36%.
Total of Service Tax-Rs.94578-00
Accting code-00440072 - Rs.91824-00
Accting code-00440298 - Rs. 1836-00
Accting code-00440426 - Rs. 918-00

Please explain me above calculation, if there is any formula.
Thanks,
Pravin.

Is asking refund of stiphend given to the article students when the students are asking for termination is valid as per ICAI rules? If any firm asking stipend refund and not giving termination ,harrassing how can the studens defence themselves?

Please reply its very urgent...can the students complaint about this to ICAI what is the procedure ?

We are liable to pay Service Tax under the heads "BAS" and "BSS". Can we take balance of excess input credit under one head while paying service tax under the other head ?
or else we have to carry forward the balance excess input credit under particular head and adjust while paying service tax under the same head ?

tell me the most important things should be keep in mind while preparing CMA data.

Dear Experts,

While making TDS Return of Govt. Employee ,What sud we mention their period of employment ie option 1: 01-04-2012 to 31-03-2013 , Option 2:01-03-2012 to 28-02-2013.
They receive march salary in the month of april .

Kindly help

Dear Expert,
What are the requirements to be fulfilled by an pvt ltd company regd in karnataka to deduct and pay professional tax?
Also, incase of employing an employee, whether the company has to intimate any govt deptt about his employment or needs to get him registerred under any law?


Thanks in advance.

I am maintaining record in tally without using TDS Option.
Mistakely I have deposited March 2013 TDS and April - 2013 TDS in one challan.

How should i rectify this.

Dear Sir,

we have more than 4 FD Accounts and they will be matured on next accounting year and for this accounting year ends on 31-3-2013 so accrued interest on all the above fd accounts to be passed in my books along with TDS.
please check this entry is correct and if it is not so then please make correction and guide me.
1)Accrued interest.....Dr(Current Assets)
Interest on FD ........Cr(Income)

2) TDS Receivable.....Dr
Accrued Interest.....Cr