Respected Chartered Accountants,
1. Can you please let me know the what is the meaning of proviso?
2. What is the difference between provision and proviso?

Regards,
N.Harish Ballal.

in reguler procedure purchase bills accounted in the month of goods recevied.
in case of march bills booked in march month expenditure but in march vat return not mentioned that purches and vat and that vat mentioned in april vat return.
that procedure is correct or not?
please tell me the correct procedure with relevent section ?

Can the disallowance u/s 40A(3) attract to a trust which is showing its income as income from other source? The trust is running educational institution.

CAN NON-MANUFACTURING COMPANY(UNREGISTERED UNDER EXCISE DEPT)TAKE SET OFF OF SERVICE TAX PAYABLE AGAINST EXCISE DUTY PAID ON INPUTES.PLS REPLY AS SOON AS POSSIBLE.

Kindly explain me the difference between application of depriciation between companies act & income tax act.

I shall be writing my Final exams in may10. i want to finish off tax classes first.but evrybody say not to join now.. y is it so? what are the topics tat wil change? wil i not b able to update it myself later?...

i had short term deposit and got interest for that 191000 and this will part of total income so is there any deduction for this under which section.the interest for savings account are also to be included in other sources head. so any deduction for both interest are available r not.

I am a works Contractor...and my client had deducted TDS on the VAT invoice presented to them for the payment to a tune of Rs.4.40.000/- (They had deducted Rs.9971/- from this 4.4 Lakhs as TDS)

For the Informations of the Experts:

For this Works Contract i had given My client two separate invoices. ie., one for the VAT related invoice (For VAT Calculation)and the another for service related Invoice (For Service Tax Calculation).

Now Please advice me if the client is allowed to deduct TDS on the VAT TAX invoice Payments of Rs.4.40 Lakhs

Please Note: The Status of My client is a Limited Company and mine is a firm.

If i had to collect TDS from the contract labours/Contractors ... Whose single payment is more than 20000 and the cumulative payment in a financial year is more than 50000...then...,what is the percentage of TDS to be collected from the them.

Please advice....me.......

i made an expenditure of 30000 as per details below

20000 on 01/01/09
10000 on 01/01/09

will this will be allowed?
would it make any difference i i had incurred this on 01/01/08