Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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r@K says : tds deductee
dear sir.. i have a query about tds. i m working as asst acctnt in construction & designing firm. we deuduct tds on our sub-contatcors credit or payment under 194-c. why our accountant doesn't deduct tds on pymnt or credit of our material supplier as they are also creditors? solve my problem.. thanks

CA Akashdeep Singh says : TDS on Printing & Stationary
Sir you wrote on 23rd jan. 2010 that: The answer given by Mr. Prashant Gupta is the law prevailing based on the pre substituted section 194C. Through The Finance (No.2) Bill,2009 the then existing section 194C has been substituted w.e.f 01/04/2009 thereby the cited circular had become invalid. Can u pls clear me how Circular no. 681, 1994 became invalid?

Dinesh says : Trading in SEZ
Sir, should the billing be in convertable foreign currency or in INR for trading from SEZ to SEZ?

suri says :
ello how we calculate rate of dep suppose time is 15 year rv is 25 lac n historical cost is 250 lac and how we calculate "K" if price =20 grow rate20% for 5 year and 10%per year after that what is expected return plz in detail in formula u4 understant i thinhk in 1st we calculate log in 2nd irr but i dont know interpolation plz some easy way to find out all interpolation thanks plz reply

Mukesh Katara says : Service Tax Penalty
Hi Good morning can u please Gide about Under section 76, the penalty 200 Rs. per day.. And maximum penalty of Rs. 2000 is applicable for the late filling of return .So my question is when started 200/-penalty when recd service tax notice or before notice..i am explain below I.e. Our Total service tax for the Qtr Apr'09 to Jun'09 is Rs. 8282 Our due date for Payment is 5/7/2009 but We pay the same on today 25/01/2010 so we r 204 days late. So the penalty will be 40800 (200*204) and the interest amount will be 6018 (29.50 interest per day so 204*29.50). And final payble is 82821(Service Tax) + 40800 (penalty) + 6018 (Interest) = 129639 It's right or wrong...please advise...and give me regarding penalty notification or judgment Thanx in advance