In F.Y. 2008-09 , We have paid total Profession fees Rs.24972/- on dated 4.6.08 Rs.562 and 1/12/08 Rs.7865 and 21/03/09 Rs.16545 Total Rs.24972/-but we have not deduct any TDS on Profession Fees , there was Threshold Limit Is Rs.20000/- Now what can I do? Can TDS pay alongwith interest (2572+int amt) and than revised quarterly E-TDS return. Please give your suggestion in this regards.

M/s XYZ PVT LTD. AS INCORPORATED IN 1980. COMPANY FILED INCOME TAX AND ROC RETURNS UPTO 1991. THE OPERATIONS OF THE COMPANY CEASED FROM 1991-92. THE ACCOUNTS WERE NOT AUDITED AND NO RECEORDS ARE AVAILABLE FOR LAST 15 YEARS. THE EXISTIG DREICTORS ARE INTERESTED TO START THE OPERATIONS AFTER DUE COMPLIANCES. HOW AN AUDITOR SHOULD PROCEED? SHOULD THE AUDITOR TAKE THE OPENING BALANCES AS OF 01.04.2008 DULY CERTIFIED BY THE DIRECTORS AND SHOULD IGNORE THE AUDIT OF EARLIER YEARS?

Dear Experts,

I m activated feature in Tally INTEGRATE ACCOUNT WITH INVENTORY.

I want to change value of closing stock.

How can i do this. please advice

Dear Experts,

We have calculated the TDS for the financial year 2009-10 for our employees. But the employee of the company is saying to deduct the TDS from December2009. will it be possible? or the TDS should be divide over the full year and will compulsory deduction from april salary.

Also please add the reason for the support of the query

is cash payment in excess of 20000/ an allowable expenditure in IT tax for transport co FOR payment of driver

IF I GOT REGISTERED IN SERVICE TAX VOLUNTARILY, THE LIABILITY FOR PAYMENT/CHARGED OF SERVICE TAX WILL START FROM FIRST BILL OR AFTER 10 LAKHS EXEMPTION LIMIT.

Dear All,
Please let us know whether we need to deposit tax when we transfer goods to branch located in other state. and whether we can avail input credit on goods transfered to inter state branch.

Thanks Mr. Shrinivasulu,Mr.Nitin,Mr.Tarun for your kind reply.

A company's object is to develope properties. It have 3 offices which it gives on rent.During the year a office remain vacant for full year can I.T. officer calculate annual value of this property and charge accordingly. As I know this can be done only in residential property . Please clarify.

whether company can claim expenses like ROC fees , Audit fees as the income is house property income. whether we can claim the expenses as business expenses .

Dear Experts,
Can anybody let me know the formalities to register for Karnataka Professional Tax by a Pvt Ltd Co.

hello i have a case suppose an exporter enter in to a contract to supply of some export good under a contract .one of the clause of the contract is that if he fails to supply he will liable to pay some amount because of non performing of his duties whethere this amount paid is liable for tax or allow under income tax act