There was a disallownace u/s 40(a)(ia) due to non deduction of TDS on Payment to Contractor during the F.Y. 2007-08.
This TDS was not even deducted & paid during the financial year 2007-08 & 2008-09 so it was not allowed in the respective Assessment years.

The said TDS was deducted and paid to the credit of Govt. during the F.Y. 2009-10

I Wanted to Confirm -
Q1)what will be the Accounting Entry for the same?
Q2)Whether we will debit the party A/c and issue the TDS Certificate for the same?
Q3)What will be thw Period on the TDS certificate?

Thanks & Regards

In case of Private Companies for deduction of preliminary expenditure whether Certificate of Incorporation is the only measure or if a company dosent start its business activity will it be able to avail the deduction from the later date i.e. the date of commencement of business activity.????

can anybody tell me complete information about industrial training
the duration???
where to apply?????
and all other related details

Pls provide steps to scrutinize trial balance

WHAT KIND OF AUDIT TO BE CONDUCTED AT COMPANY

Is the amount received from the MD of a pvt ltd company for carrying on the day to day activities can be shown as a loan for the company from share holder???????

hi

I just have the following query

... A company under construction hasn't created any provision for tax ... Is there any requirement for calculating deferred tax as per accounting standard issued by ICAI.


Thank u

Hello

TDS ON WORKS CONTRACT IS TO BE DEDUCTED @ 2% OR 4% DEPENDING ON EACH CASE. IS THERE ANY TURNOVER LIMIT FOR DEDUCTING THIS VAT TDS OR FROM EVERY WORKS CONTRACT THIS TDS IS TO BE COMPULSORILY DEDUCTED.

REGARDS,
JYOTI

Hi Guys,

Let me decribe you the case, we r a software co. we have a investor who have funded to our co. initially they were conducted "Due Deligence Audit" of our co. and they paid audit fees to the auditor after deducting appropriate TDS on that, the fee was Rs 2 lac, now our investors want us to "reimburse" them the charges paid by them to auditor, here do we need to deduct TDS from their payment???

Some questions???

1. We have not received services directly from investors to whome we are reimbursing these money, so can we book as audit expenses???

2. This is not going to be revenue of investor as they are just transfering expenses to us their is no mark up any thing, here what TDS provision exactly say???

Requesting you to please give any back up to your response.

waiting for your reply.

Regards,
Nazir

Can we see the evaluated answer sheet????