if payment for professional service in month of april is 10000
in july 15000 and in november its 25000 and bill is raised by party everytime then deduction of tds u/s 194j in the month of november will be 50000*10%=5000 and payment will for the month of november will be 20000.

is this correct?

please revert back as soon as possible.

why insurance premium paid by me for my parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C.

Dear Experts,

My Client is an Manufacturer, He purchases raw material( Iron) and sent it for job work to another person, than after job work he put it in the machines for the finished goods.

My question is that the Vendor to whom my client sent raw material for job work, charged minimum amount and keep the scrap.
my client book the expense for minimum charge charged by the Vendor( Who done the job work).

Is it is sale of scrap and any TCS liability on my client?

hi

i want to know about an expense.

water tanker purchased for factory workings should go under which head??

Can it be grouped under Factory expenses??

pls guide.

hi good afternoon every body,i wish u all to have pleasent weekend, and my doubts are below please clear it soon as possible as

1. as a ca student what are basic thing he/she as gain knowlege to become a auditor
2.i have joined as articled assistance but i did not know basics of icncome tax filing, service tax filing, vat return, how to do a audit fo company from the basic points
3. i want improve my knowlege in ablve things please help me friends
4.as a articled student what things he should know to become perfect auditor

what are the import websites that the article student should gain knowledge. apart from theory basis practical knowledge in websites like income tax, servicetax excise duty, sales tax vat etc plzzzzzzzzzzzzz clear my doubts as soon as possible

Respected Sir,

My self is FCA and ICWA, presently doing practice as FCA,now I want to take COP as CWA, let me know should I first surrender COP of FCA and than apply for COP of CWA or first apply COP for CWA after getting so I should surrnder COP of FCA?, pl. explain.

My e mail is cajkjk@gmail.com

Thanks : Jk Shah

what are the exemptions available on short term capital gain on sale of an industrial property?

is investment of sale proceeds in a residential house property eligible for exemption? if yes, under which section?

Dear Sir/Madam
please help me i have a 2 taxi car with yellow board..i have given hire for govt office from 2 years monthly Rs 25000 hiring charges but they deducted 2% tds I.e RS 500
now the amount has gone 500*2=1000*24months Rs 240000 please help me how can i file income tax can i declare self i have basic knowledge r i have to CA

my friend registered himself for cpt on 11th october,2012 in ICAI lakidikapool, hyderabad,Ap and haven't received his registration no. in post or by mail.
-his acknowledgement S.I no.: 6319
-dd taken on axis bank on 11-10-2012.
he even sent a mail to sroacc@icai.in but dnt gt any responce frm them.
plz suggest me about how to obtain his registration no. (i.e SRO no.)