Dear Sir/Madam,
One of my client is buying an images from Shutterstock Inc.for its Online Business Activities. Here one of the Director is making payment to Shutterstock thru his Cr.Card and subsequently Company reimburse it to him in INR.
Here my query is whether Withholding Tax will be applicable to such type of Transaction and if yes then what will be the Rate of TDS.
Is Grossing Up of Tax reqd.(say if they are paying Shutterstock USD 100 then will have to consider it Net of TDS and pay TDS by Grossing Up the payment)
During the course of departmental audit it was observed that the service provider didnot claim SSI exemption for the first three quarters , but he claimed the same in the last quarter.....but deptt has raised objections and demanding differential tax ...... Please suggest any remedy available to challenge the audit objection?
one of the small garment factory business is running at remote area. Preparing a income and expenditure account what is the treatment of job work received materials.
Dear Sir,
Whether the IFSC code has superseded the MICR code. And what is the way to know IFSC code, as on cheque book only micr code is printed.
Please advise me.
I have cleared my CPT exam and now I want to register for CS executive. what is the last date for registration of CS executive course if i want to appear in June 2014.
Dear Expert,
I want to know the consequences of non submission of financial results to SEBI by 30th May, 2013
Please let me know how to pass the entry in our books of accounts.
Transaction - Term Deposit - Rs.100000
Maturity Value Rs.110000
Amount credited by bank in our account on maturity is Rs.109000 (after deducting TDS)
WHAT IF THE SERVICE PROVIDER HAS RAISED BILL FOR PROVIDING RENT A CAB SERVICE AND CHARGED 40% SERVICE TAX....BUT THE SERVICE RECIEVER HAS LIABILITY OF 60% AND SERVICE PROVIDER HAS 40% LIABILITY????
WHAT SHOULD WE DO?
CAclubindia
Withholding tax on payment to shutterstock