Can anyone provide with the scrutiny guideleines issued for returns filed for year ended 31.03.2008.
While auditing accounts of a company I came across a bill of repairing on a car
which included Rs 54780 for labour charge, Rs. 289800 for raw materials and parts the total of the bill being Rs 405802 with some other charges as well.
My querryu is that will tha labour charge (since in excess of rS 50000) attract TDS provisions u/s 194C??
S 194 C is applicable for contract and "supply of labour" for carrying out of any work?
Now the service station here is not supplying my client any labour, but it is itself being supplied labour by some other agency who works on the service station`s different repairing repairing jobs?
Also the bill is for repairing and not for labour?
Dear friends,
I have one doubt about income from winning lottery, If a person winning lottery he will get the amount after deducting Tax (eg.if he won by Rs.50,000/-lottery, but actually get 30,000 ie after deducting Tax)
My doubt,
if he file the return we show that his lottery amount also(income from winning lottery).correct?
Whether any additional tax liable for this amount....
What was the treatment? if he can claim any refund for the first tax cutting amount?
WHAT IS THE MEANING OF CITY COMPENSATORY ALLOWANCE?
WHAT IS THE MEANING OF CITY COMPENSATORY ALLOWANCE?
WHAT IS THE MEANING OF MATERNITY PERQUISITE?
An individual who was working in Mumbai and staying in a rented accomodation with spose and children. Now he has joined new company in Ahmedabad and staying alone in a rented accomodation. His family is staying in Mumbai in the same rented accomodation. Can he claim HRA exemption for two rented accomodations i.e. one in Mumbai where his family is staying and one in Ahmedabad where he is staying.
Due date for incometax return for company and tax audit is sep08 or oct08?
PLEASE tell me that rate of TDS for salried employees.How much amount deducted by the employer from his salary.
In case of cash basis of Accounting. When TDS is deducted at year end, is it sufficient to consider the amount of TDS as income for that year and the remaining amount the next year OR should we take the actual income and then claim the TDS.
Excel Mastery Program
Scrutiny Guidelines 2008 Required