Query

Yes

TDS has to be deducted @ 20%

Assess not liabile for deduction when he is having valid PAN. Otherwise Assess is liable for deduction of TDS

Dear Krishna,

This is a case of transpoter, where TDS is not to be Deducted on the payments made to them if only they provide you with the PAN details otherwise it will be deducted @ 20%.This is applicable from 01.04.2009.this will be reported under the poin no 34a of the form 3CD.

Thank You

IF I HAVE PASSED IPCC 2ND GROUP IN MAY 2014, CAN I GIVE FINAL EXAMINATION IN NOVEMBER 2014?

I AM SERVING EXCESS LEVES OF MY ARTICLESHIP PERIOD UPTO JANUARY 2015.

Pvt Company

Sales 60 lacs

purchases 110 lacs

whether 44 AB applicable

whether 44 AD applicable in case of loss