what is the time limit of submitting FORM 15G in Income Tax Department

what is meant by place of profit mentioned in sec 314 of comp act...??

Wealth tax is not levied on productive assets.Urban agricultural land where agricultural operations are carried on is covered under the head Urban Land and is chargeable as taxable Wealth.Is it correct?

Dear Sir,
Please advice me can a customised production incentive scheme be formed in a firm in which monthly incentives will be paid to workers if production exceeds the target production for that particular month. what is the maximum that a firm can provide incentive

Is service tax applicable on billings by a CA on his clients in respect of reimbursements on account of conveyance or travelling

Is service tax applicable on billings by a CA on his client in respect of reimbursement of conveyance and travelling invoices

Kindly may any body give me explanation about
accounting procedure about inventory with Excise, Vat

Hi Freieds,

Whether TDS to be deducted on Tax inclusive Amt.(Like Ser.Tax, Vat etc) or same to be deducted on exclusive such Taxes. For Exaple I require to deduct the TDS on Professional Fess of Invoive Rs.56180/- which includes Rs. 6180/- as Service Tax.So should I deduct TDS on Rs. 56180/- Rs.50000/-(Rs.56180-6180 Ser.Tax)

Thanks

As per sec 32,Depriciation will be claimed who is the owner of the asset and the asset should be use for business. Again if asset is acquired under hirepurchase agrement then the deduction would be avalaible to the lesse.Then it is not clashing with explanation to 4a of sec 43?

Sir,
Please solve this query...

One Accountant is deducting TDS of job work on outstanding bill of Rs.500000/- @ 2.060% and deposited the tax accordingly within due date.

Now at the time of payment there is some discounts and claims appeared in picture and Rs.325000/- has been paid by the accountant & deducted TDS accordingly.

What has to be done?

I also want to know that which procedure is legally acceptable by the taxmens as per illustration below.

Bill no. 15 dated 01/04/2008 of Rs. 200000/-

Bill no. 18 dated 03/05/2008 of Rs. 175000/-

Bill no. 35 dated 07/06/2008 of Rs. 265000/-

Total Amt. Rs. 640000/-
The final amount is paid on 08/09/2009 of Rs.589000/- after deducting Rate difference etc.

If I pay tds on above amount @ 2.060 % and deposit it on 07/10/2009, shall it be acceptable

If we pay tds only when we pay finally to the party or we have to pay on outstanding. What is procedure as per law.

Shall we make amendment in the account policies & mention it in our annual return that “We are paying TDS on payment or we are changing from so and so date”

Awaiting your earliest reply.

Thanking you