I have 2 queries -
1. We had appointed a company in Japan ((as Protective Assayer)to do sampling and analysis of our cargoes which was being discharged at a port in China. Now, we need to remit fees to the protective assayer in Japan from India. Do we need to deduct TDS? FYI, none of the companies in India who are in similar trade deduct TDS.

2. When we sell goods on FOB terms to a company in China, the ship (vessel) is brought in India by the Buyer (in this case a Chinese company). For any demurrage on the vessel i.e. demurrage payable for delays in loading, do we need to deduct TDS?

First i have dedcuted TDS in Sept 08 and deposited TDS amount in June 2009 along with interest 94C

Will the expenditure be doisallowed as there was late payment

Secondly i have deducted TDS on 31 st March and deposited TDS in July 2009 along with interest

Will the same be allowable or disallowed by income tax due to late payment

My Querry is can we take basic exemption for income falls under short term capital gain ?

whether we have to consider salary & TDS details of previous employer of our employee while preparing form no 16.that means we have to includes all figures of previous employer while preparing form no 16 for my compnay

Hi Master/Friend,

I am facing a problem, Please give me a solution for my Problem.

My name is suresh, I am a Chartered Accountant(CA) Student. I am working in one pvt company as an Accountant & Admin. My office Timings : 10 : 30 AM to 8 : 00 PM.

I register for CPT in the month of May 2009, I planned to study for CPT that is from morning 5:00 AM to 8 : 30 am.

Eplanation of Problem : Every day I leave home at 9:30, I reach my office around 10:30 then work till 8:00pm. Then again I spend one and half hour in bus to reach near to my home, from there I should walk 3 kilo meter to reach my home, finaly I reach my home 10 to 10:30 pm, Then dinner sleep around 11:00pm. This is my daily rotine.

If first day I get up at 5:00 am to study,(first I can study) next I will be more TIRED, energyless, because of this I not able to get. Even though I get up at 5:00am, after 30-45 minutes my body force me to take rest. I not able continue study.

Now I want to know 1.what could be the reason for this? HOw can I be away from tiredness? How can I solve this problem? How study well for CA CPT exam & How to get marks in CA CPT exam?

Please give your valuable suggestions/advice/guidance.

IS IT COMPULSORY TO DEDUCT TDS ON PAYMENTS MADE TO TRANSPORTERS. CAN WE CONVINCE THE ASSESSING OFFICER ON THE GROUND THAT WE HAVE NOT ANY CONTRACT WITH A TRANSPORTER WRITTEN OR ORAL. IT IS ONLY ADJUSTMENT TO USE HIS SERVICE TO DESPATCH THE GOODS.

Hi,

Is it mandatory to maintain registers like Daily Stock Account, RG 23 A, 23C manually under Excise rules or can an assessee maintain these records in Computer like in excel and take print out thereof and get them signed from authorized person on monthly basis?

Due to oversightness in TDS payment double payment has made for TDS on rent in last financial year . During F.Y. 2008-09 payment has already made for TDS on 7th March 2009 for February month, but the same payment has again made on 7th May 2009.

Kindly suggest how we can adjust the same in our books of accounts and claim refund for excess payment of TDS.

Dear Sir,

Pl.guide me

i am working in foundry industries.I know excise but dont khow seles tax return.

i have purchase so meny items as follows please guide me creation ledgers as per sutaible for sales tax return.

1.Raw Materil 4% ,12.5%,3%
2.packing materil taxable
3.consumables
4.consubables taxable
5.Asset Like Machinery,Equipments office furnitury,computer,veical
6.elec.material for maintenence
7.hardware materil for maintenence
8.printing stationery

please give me some idea or chart of ledgers, with head .sutaible for sales tax return.

Regards,

Vinod.

SIR,

AN INDIVIDUAL ASSESSEE WHO IS COVERED US 44AB he is liable for E-Filing of His Income Tax Return or Manual Filing of IT Return for A.Y. 2009-10 is this mandatory if it is mandatory any circular is released please tell, Thanks in Advance