A offers income on cash/receipt basis, however bank deducted TDS on interest paid on Accrual basis. Should A offer interest income on accrual basis and claim TDS , or continue to offer on cash basis , then how much TDS can be claimed?

Is there any criteria to register as a company by its turnover? If a proprietorship business makes a turnover of Rs 1000 crores, it is necessary to register as a company? or he may continue as a proprietorship concern?

Dear All,
My Clients got a notice which is as follows for A.Y 2011-2012....

" Have Quoted the False/Incorrect ASAPR6063L in your return of Income for A.Y 11-12 filed on 30/03/2013.
You are hereby requested to appear before me at 02:15 P.M on 08/10/2013 & show cause why an order imposing a penalty on you should not be made under section 272B(2) of the income tax Act 1961. If you don't wish to avail youself of the opportunity of being heard in person or through authorized representative you may show cause in writing on or before the said date which will be considered beofre any such order is made under Section 272B(2)...
Plzzz some1 helps me to let me understand....what it means...

Please explain red hearing prospects in simple language.

Dear Sir,

What is the procedure to obtain certificate U/s 197 for low tax deduction.

Pls describe.

Is it necessary to mention foreign travelling expenses in Director,s Report?
In the Section of Foreign outgo and expenditure?

DEAR ALL

KINDLY SUGGEST WHETHER ANY TDS IS LIABLE ON INTEREST RECEIVED ON TAX FREE FIXED DEPOSIT WITH BANK, EVEN IF THE INTEREST AMOUNT IS RS. 10,000/- OR MORE.

heya i m a student of ca final year n i m having my attempt for gr.1 in nov'14 n i haven't started my studies yet actually i have started but i m not getting that which topics are to be covered first n which later in all 4 subjects .............please anyone can help with my problem i m confused n time is also very little......please help me its a little bit urgent............

Dear Expert,

I am working with a pvt. organization employing contract labour through various outsourced vendors.
My query is that how can we check whether contractor has deposited PF and ESI for our share as the challan which it gives, shows the consolidated amount of PF/ESI it has deposited combining for all employers it has supplied man power to.

As per law, principal employer is liable in case contractor is guilty of non compliance, short deduction/ deposition of PF/ESI.

Pls suggest how we can be sure that contractor is discharging its statutory liabilities fully.

I would also give an example, my contractor has given me salary sheet of his employed personnel showing amount of PF is Rs. 75000/-. Now he has submitted a challan of depositing PF for Rs. 600,000/-. How can I check whether he has paid our share(viz. Rs.75000) in full.

My question is that if a director of pvt limited company signed any documents/govt documents,whether he is liable for all documents for mentioning his din number or it is only responsible to mention din on documents submitted with govt authorities.

please suggest us...

Thanks in Advance