Is TDS required to be deducted while creating provisions? - Please explain with the help of journal entires in both the following cases:

1.) If we are giving credit to party at the time of creating provisions.

2.) If we are not giving credit to party at the time of creating provisions.

Regards

Pradeep

hi frnz i hav recently passed cpt... i want to continue my ca nw frm chennai...
i need suggestions regarding expert coaching classes for accountancy, income tax service tax n vat, business law ethics and communication and cost accounting n financial management. kindl give ur valuable suggestions regarding coaching centers on individual subjects and necessary details like their location, telephone numbers and fee structure...
thanks in advance
regards yashwant belchandan

Commerical Paper are issued at Discount to the Face Value. Discount is basically the interest for the tenure of the instrument.
Is TDS deductible on the same and is there any relevant circular for the same

" We are doing job work of electroplating and registered under Service Tax. We are charging service tax to all customers, Excise goods manufacturers and non excise goods manufacturers. If Excise goods manufacturers pay us service tax, do they get refund of the service tax paid to us? "
If excise goods manufacturers are exempted from paying service tax as they are paing excise on the removal of their final product than we are restricted to collect the tax at any cost ? or we can charge the service tax ane pay it to government.?
In above case if we have charged the service tax and paid it regulerly to govt. than the manufacturers are eligible for servic tax credit ? "

I do trading of services in metal finishing business. My business is registered under Service tax - BUSINESS AUXILIARY SERVICES. I get material from customer, get it processed at outside and return the material to customers. I pay service tax when I get services and I collect service tax from my customers. Practically, I am a middle man.
As per notification of March1, 2005, payment of service tax is expeted for manufacturers registered under Central Excise for using service in manufacture of exciseble goods . If I get declaration from my customer not to charge service tax, I have to bear service tax paid on work done outside. In this case, I loose business. If I charge service tax from the manufacturers of exciseble goods, do they get credit of service tax paid to me?
Example:
A is my customer.
B is my supplier.
I get material from A for processing. I give it to B for processing. B does the work and bills me for Rs. 100/- + tax Rs. 12.36 = Rs. 112.36
I give back the material to A with bill of Rs. 120/- + tax Rs. 14.83= Rs. 134.83.
I pay the tax amount Rs. 14.83( collected) - 12.36( paid on purchase of services) = Rs. 2.47
A is registered under CE and in this case, shell A get credit of Rs. 14.83 paid to me as service tax?

" We are doing job work of electroplating and registered under Service Tax. We are charging service tax to all customers, Excise goods manufacturers and non excise goods manufacturers. If Excise goods manufacturers pay us service tax, do they get refund of the service tax paid to us? "
If excise goods manufacturers are exempted from paying service tax as they are paing excise on the removal of their final product than we are restricted to collect the tax at any cost ? or we can charge the service tax and pay it to government.?
In above case if we have charged the service tax and paid it regulerly to govt. than the manufacturers are eligible for servic tax credit ? "
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Dear Friends,

We had made Inter State sales against C forms, but some parties hadn't given us required C forms. Now at the time of Assessment my Assessing Officer is charging tax difference along with 10% Penelty and Interest. Is Penel provision is valid under CST Act? Please provide me some legal guidance along with court judgement & case references. My Email ID is ashishvishnoi@sify.com

Sir,
Please let me know that if a career consultant wants to register his firm, when it is a proprietorship concern, then in which act he can register his firm?

Is there any act like MED Act that provide guidelines regarding registration of service concern in firm and soceity registration office?

RESPECTED EXPERT MEMBERS,

I HAVE PASSED CA PE-II IN MAY 2007 , AND RECENTLY I HAVE COMPLETED MY ONE YEAR ARTICLE SHIP ON 17 JAN 2009 , FROM THE FIRST WEEK OF FEB 2009 IN GWALIOR BRANCH OFFICE GMCS 15 DAYS TRAINING ARE ORGANISED . IN PROSPECTUS IT IS CLEARLY WRITTEN THAT THOSE CANDIDATE WHO HAVE PASSED THE (PE II) AND COMPLETED TWO YEAR OF ARTICLE SHIP CAN ELIGIBLE FOR JOINING THAT COURSE.

PLZ GUIDE ME !

FROM,

UMASHANKAR VAISHNAV

GWALIOR

RESPECTED EXPERT MEMBERS,

I HAVE PASSED CA PE-II IN MAY 2007 , AND RECENTLY I HAVE COMPLETED MY ONE YEAR ARTICLE SHIP ON 17 JAN 2009 , FROM THE FIRST WEEK OF FEB 2009 IN GWALIOR BRANCH OFFICE GMCS 15 DAYS TRAINING ARE ORGANISED . IN PROSPECTUS IT IS CLEARLY WRITTEN THAT THOSE CANDIDATE WHO HAVE PASSED THE (PE II) AND COMPLETED TWO YEAR OF ARTICLE SHIP CAN ELIGIBLE FOR JOINING THAT COURSE.

PLZ GUIDE ME !

FROM,

UMASHANKAR VAISHNAV

GWALIOR