I just want to ask if I am paying Technical Assistance fees to Some XYZ Co.having their H.O.(based) in Japan then do I have to deuct TDS ? If yes then what will be the perentage and under what section I have to deduct and how to file TDS return for that?

I have 2 queries -
1. We had appointed a company in Japan ((as Protective Assayer)to do sampling and analysis of our cargoes which was being discharged at a port in China. Now, we need to remit fees to the protective assayer in Japan from India. Do we need to deduct TDS? FYI, none of the companies in India who are in similar trade deduct TDS.

2. When we sell goods on FOB terms to a company in China, the ship (vessel) is brought in India by the Buyer (in this case a Chinese company). For any demurrage on the vessel i.e. demurrage payable for delays in loading, do we need to deduct TDS?

Hi Master/Friend,

I am facing a problem, Please give me a solution for my Problem.

My name is suresh, I am a Chartered Accountant(CA) Student. I am working in one pvt company as an Accountant & Admin. My office Timings : 10 : 30 AM to 8 : 00 PM.

I register for CPT in the month of May 2009, I planned to study for CPT that is from morning 5:00 AM to 8 : 30 am.

Eplanation of Problem : Every day I leave home at 9:30, I reach my office around 10:30 then work till 8:00pm. Then again I spend one and half hour in bus to reach near to my home, from there I should walk 3 kilo meter to reach my home, finaly I reach my home 10 to 10:30 pm, Then dinner sleep around 11:00pm. This is my daily rotine.

If first day I get up at 5:00 am to study,(first I can study) next I will be more TIRED, energyless, because of this I not able to get. Even though I get up at 5:00am, after 30-45 minutes my body force me to take rest. I not able continue study.

Now I want to know 1.what could be the reason for this? HOw can I be away from tiredness? How can I solve this problem? How study well for CA CPT exam & How to get marks in CA CPT exam?

Please give your valuable suggestions/advice/guidance.

Due to oversightness in TDS payment double payment has made for TDS on rent in last financial year . During F.Y. 2008-09 payment has already made for TDS on 7th March 2009 for February month, but the same payment has again made on 7th May 2009.

Kindly suggest how we can adjust the same in our books of accounts and claim refund for excess payment of TDS.

Dear All

How to Calculate interst on TDS,

If my TDS payable for the month of April Rs 149286/- Due Date 07/05/2009

Paid on 15/05/2009

Sir,

I am a CA Final student. I have entered into a contract for doing accounting works, taxation etc for the years 2007-2008 and 2008-2009, which is clearly mentioned in the MOU in company's official letter head signed by a Director on Company's behalf, with a construction company and they failed far before the current recession due to mismanagement. They were paying me part payments towards contract amount, a fixed sum, upto December 2008. Thereafter no payments made. My contract period ended on 31.03.2009. Now more than half of the amount is due from them. Now the construction works are taken over by some other person who had acquired major shares in this company joined as Managing Director. For ease of usage, I'm calling it as "New Company". Now what the previous company says is 'Your work is related to the stage of progress of construction and construction is only half the way and your payment will be half of the contract amount already agreed. My stand is why I should lose when they failed due to their own mistakes. Now what I did is I told them It will not be possible for me to hand over the works already done and work further for which they are not paying. The work site was laid down till May First week 2009 and I was not able to work in the office. Now the new company has their own accountant and staff and is not willing to employ me further. But I have completed the entries upto which the work site was functioning. I had applied for the Accounting Technician Certificate from the Institute. Then whether I'll be eligible to apply a lien on the works I have done like auditor's lien? All the works are lying with the office of the company. But I have not revealed the security password for the works I have done. It's a private limited company. They have not filed audited accounts for the year ended on 31 March 2008 for reasons beyond my control. Now whether I can exercise lien (by not revealing password) over the works I already done? Is my stand right? Whether there is any solution for this? The new company is willing to pay me the sum since they want opening balances. But they'll be deducting from the consideration due to the old company from them, for which the old company is not willing to. Please help

What is the difference between Rebate and refund? Please cover procedural aspect as well.

in wihch state(s) Entry Tax is applicable and in others NOT, why? i.e. there is entry tax not applicable and / or Court held un-constitutional.

We have entered into an agreement with London based Company who provided us a software from which we can get the information of the Forex Market of the London. We pay some amount in every month. We deduct tax as per DTAA agreement with UK but now the Company says that Tax is not applicable to them and ask us to remit the full amount without deduction of Tax.

Please advice whether Tax applicable or not.

Is it necessary that the new residential property bought should be in India? If it is purchased in Foreign Country,Exemption allowable or not?

All the other conditions fulfilled.

Please Reply. Advance Thanks..

Manikandan.A.V