My query : TDS is deducted on which amount :
Example : Gross Amount : 25000 + service tax10.30% - 2575 = total amount : 27575/-

So on which TDS is deducted on 25000/- or 27575/-

In last year we r deducted TDS on Gross amount excluding service tax.

Service tax is not considered in case of Rent – is it true?

If TDS is deducted on total amount & we deducted TDS on Gross amount, what is the procedure to rectify the error.

will any body tell me that which book for income tax is better which is advanced and contain every point in detail and which will be useful in practise much.

Hello All,

Sorry to put this query in Income Tax category, as this category is popular.

I have COP issued to me in Apr-09. Also i am engage in employment. My query is

1. Can i take tax audit assignments?
2. Can i be a auditor of company?
3. Can i be a partner of CA firm?

Please reply fast, its urgent for me.

Is there any requirement to deduct tax at source on frieght (which is showed on the invoice)while purchasing the goods.
Please explain all possible situations in which TDS is required.
like:

1.Purchase price include frieght(not shown seperately on invoice
2.seperately shown on invoice

Whether is it required the seller and transporter be the same to deduct tax.
If not same on which amount the TDS is required.(ie is on transporter bill attached to invoice; or on the amount mentioned on invoice as frieght.)

dear all,
Whether recovery of bad debt included in the ambit of income for the purpose of tax audit u/s 44AB ? And any other inclusion/exclusion of income for this purpose ? Kindly give the section reference too..
Thanking you.

One of my client is a service provider ( software developer). He purchased computers and other office eqipment on which excice duty also levied. Can he take credit of excise duty.

IF AS PERSON HAVE TWO OR THREE TRANSPORTING VEHICLE AND DOING THE TRANSPORTATION BUSINESS BY THEM AND RAISING THE BILL WITHOUT SERVICE TAX

AS A SERVICE RECEIVER HAVE WE TO PAY THE TAX ON THAT ?????

HE IS OWNER OF THE VEHICLE AS WELL AS USING THE VEHICLE FOR BUSIESS

WHTS THE DIFFERENCE BETWEEN GTO AND GTA


PLEASE ADVICE

Is TDS deducted on Assesable Value including Srvice Tax or Excluding Service Tax.
Ex-
Value os service Rs.10000/-
Service Tax Rs.1036/-

So Assesable Value would be Rs.10000/- excluding Service Tax OR Rs.11036/- including Service Tax.

Please reply soon.
THanks and Regards
Abhishek Agarwal....

Whether Monitory limit prescribed u/s 44AB (a) & (b) i.e. Rs 40L & 10L respectively is businesswise or assesseewise.
(ex an individual having several business which individualy below the limit and cumulatively crosses the limit)
Any circular, notification, caselaw etc for this issue

Dear all,

URGENT!!!

I am working in a PVT. LTD> Company which is a wholly owned subsidiary of foreign company and they are having one foreign director and one Indian Director on the board.

MY Question is- as per companies act- we should have min. 2 directors on board,but it is no where mentioned about the above scenario- then would it suffice campanies act provision in this case OR the indian company should have two Indian directors compusorily?

Regards,

Amit Deokule

Regards,