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Biju P (CA IN PRACTICE) (71 Points)

08 August 2008

What is the rate required to be deducted when payment is made to Security service providers?Is Secuirty service providers will also come under the category of Sec 194C?

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Devendra Goyal (Service) (24 Points)
Replied 09 August 2008

Dear Biju

Yes Exactly Security Services Provider are comes under the Catagories of

Contractors under Sec 194C and TDS will be deducted @ 2 % Plus Ed.cess & Hr.Ed.cess and Surcharge if Applicable.

Regards

C.A.Devendra Goyal

Biju P (CA IN PRACTICE) (71 Points)
Replied 09 August 2008

Originally posted by :Biju P
"	What is the rate required to be deducted when payment is made to Security service providers?Is Secuirty service providers will also come under the category of Sec 194C?

Deferred Tax :We are the auditor of private limted company were accounts also prepared by ourself for the last 3 years.Duringthese past three years diffrence onaccount of depreciation has not been adjusted in the books as Deferrd tax assets/liabilty.For the first time,being aware of the AS.22 Accounting for Taxes on Income has recognised the diffrence in the books as Deferred Tax asset.Bu t the problem is not yet solved,all the past three years company is under loss because of the unabsorbed depreciation.My question is whether we required to disclose the tax effect of this loss on the books of account?