If an assessee make payment to bank in cash in excess of 20000 to make a DD in favour of creditors for an expense
Is there any consequences as per Section 40 A(3) i.e this expense is allowed or not ???
In today's IT&SM exam, i forget to bubbled the roll number in my SM booklet in IPCC but i written my rollnumber in words in the booklet. I had written and bubbled (both) in my IT booklet corretly.
Is the board valued my answer sheet ?
Is there affect on my result ?
Please reply me as early as possible....
Please help me with this.
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
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Disallowance of expenses in excess of 20000 in cash in a day