For example ,
If an expense has been omitted to be booked in year 1,then we would have paid more tax with respect to amount of expense ignored

If we book the same expense in year-2,it will be disallowed as prior period expenses and again tax burden will increase to such extent
This leads to Double taxation.
Weather my interpretation is correct???

Hi,

In our company one of the director has resigned in February 2014, does he eligible for commission on net profits for the FY 2013-14.

Thanks

Dear Sir
i had searched so many sites for format for CA Certificate for no dis allowance u/s 40(a)(ia) but i didn't find format for Ca certificate so please attach the format for Ca certificate

Thanking you
Regards
Mahesh
Article assistant

Sir,
what is the rate of vat on software for F.Y.05-06.

Thank you.

Dear Sir,

we have entered a agreement with a Indian company for Purchase & Implementation of software (Ms office&Windows) seller had included implementation & support charges in contract he had also charged vat on total amount and service tax on total amount


please tell me applicability of TDS on such payment whether tds will be deducted U/S 194j or 194C

We paid Income tax (TDS)through personel net banking (Axis Bank). Due to server error we couldn't print challan & amount credited from my a/c. Please tell me how can I re-print the challan from Axis Bank Site. In which option I can do it.

Respected Memebers,

My Query is whether TDS is applicable or not in following cases.

1) Rubber stamp/die prepare for printing on foil as per our specification. The material is not supplied by us we had provided only specification.

2) Whether printed cartoon supplied by a supplier after printing our company name on cartoon. Cartoons are not supplied by us.

We are a sole proprietorship firm and making payment to advertising agencies. Would like to know whether we have to deposit TDS deducted quarterly or monthly?

I am Salaried person and have transaction in Equities and F&O; I am going file ITR 4. I have loss in F&O as well as in Equities (Short term and Long term). Question is whether Shall I show all the losses in Equities and F&O as Business loss or Should I show F&O loss as "Business loss" and Equities as "Capital loss". Please suggest.

MY FRIEND IS RECENTLY JOINED RELIANCE POWER HE HAS GIVEN AN ASSIGNMENT IN SOUTH AFRICA THEY WERE PAYING SALARY IN INDIAN RS 2.00 LAKH IN INDIA AND $ 150 PER DAY IN SA AND MY FRIEND WILL COME INDIA EVERY 3 MTHS FOR 15 DAYS COMPANY IS SAYING THEY WILL NOT DEDUCT TDS ON THIS INCOME AS THEY WILL MAKE HIS STATUS NRI & HIS INCOME WILL BE TAX FREE.AS I AM NOT AGREE WITH THIS IS THEIR ANY KIND OF TAX PLANING POSSIBLE & WHAT COMPANY IS SAYING IS CORRECT. THEY ON POWER PROJECT IN SA