Party which he taken 20,00,000 loan at 12% on 7.3.2016 so i need working of interest & TDS for conformation

Dear Friends
assalamo alaikum

ABC Private Limited Company is holding her own processing plant of butter,cheese and other milk products but the suppliers of raw material are not accepting cheque payment against the delivery of the material because most of the suppliers are quite unknown to us. Those who are known to us are ready to accept cheque payment but their rates and the quality of their material both are not satisfactory.

In such situation whether Rule 6 DD F for cash payment provision is applicable.

Please guide me and oblige.,

yours tarique rizvi
982 1630 130

If the Civil Contractor has given bill for Supply of material and Providing the service for construction work. whether the service bill can fall under work contract and whether they need we need to pay service tax under RCM basics if the provider is Individual and recipient is a corporate.

I have a business with turnover of less than 2 crores and I don't want to go through 44 AD. So I am through sec 44 AB and I am paying interest of 2 lakhs without TDS. can I do like that or to deduct TDS? Thanks in advance

Hi All,

Please let me know can we deduct TDS on Supply of medical goods, supplied by third party.
If yes, kindly let me know under which section to be deducted.

one of my client got notice from dept regarding deposit in saving accounts of rs 12 Lakhs while he has been working in a psu since 2012 having salary of 6 lakhs p.a. so, please suggest me how can I make a reply for that

My client is a yoga instructor and gets a professional fees of Rs 1,00,000/- which is below taxable limit which form should I fill?

A company is engaged in manufacturing of cement It is a continuous process plant company wants to claim extra shift depreciation Allowance therefore under companies act the life of the asset is to be taken as 25 years or 8 years

One of my client received a letter from IT Department. Due date of presentation of documents is 17.05.2017 but i am not in town so couldn't appear before department. so what will be the consequences. Can I Intimate to department by writing a letter and if yes then kindly provide me suitable format of this letter.

Dear Sir/Ma'am,

We provide Marketing & Promotional services to the client. but we provide services to different locations of different state. in those state we have premises from where we deal in providing services. our Corporate office is situated in the same state in which client exists but service are performed at another locations to client's Customer for demand generation of Client's product. we incur expenses at those location like hotel expenses, expenses paid to vendor who arranges us to provide output services. All those expenses(hotel bills,Others) incurred carry the value of Input tax Credit. what would be criteria to avail these input

and another question is what would be Place of Supply in this case & how can we plan to avail input taken in different location from vendors.


Pankaj Mudgal
Manager Cum Finance Officer