One of our contractor billed for the month of March-08 in April-08 for the same i had done a provision entry in with expenses payable a/c on 31.03.2008 and for the same deduct TDS @ 2.06.

I have a confussion that TDS is to be deducted in March-08 or in April08 when i received Bill from Contractor.

One of our contractor billed for the month of March-08 in April-08 for the same i had done a provision entry in with expenses payable a/c on 31.03.2008 and for the same deduct TDS @ 2.06.

I have a confussion that TDS is to be deducted in March-08 or in April08 when i received Bill from Contractor.

Audit fee will be finalized during August, 2008 for the year 2007-08.Now provision have to made for audit fee in books in 31st March, 2008. Now How the TDS have to deducted and deposited? Can we just make provision for audit fee and deduct TDs while making payment? Please clear the same.

an assessee invest monthly in frankline templeton invesmetn SIP plan dividend is declare & credited in my a/c time to time whether this invesment & dividend is deducted u/s 80c of the said act

One of the indian employee is working in Canada for the company.His salary is decided in INR and paid in Dollar. He is paying rent in Canada.Can Emplyer give him the benefit of HRA & Conveyance allowance for calculation of TDS in his salary?

Thanks in advance

every person whose total sales or turnover or gross receipts > 40 laks is subject to tax audit..does this gross recipts include service tax and vat??

one drawing officer joined duty from anoher tan in the month of april.08 and submitted salary bill wef dec,07 tofeb08 inmay08 after sanction of medical leave dec to feb07.he has drawn salary of march 07 to nov 07 in previous place of posting which is a sister unit of this office.pl. advise his salary for dec.07 to feb08 will be included in the income of f.y.08-09 on the basis of its receipt orit is an incom for f.y.07-08on accrual basis.

HI All

I Have one doubt, Could we calculate HRA Exemption arrear of salary for Example

April 10000
May 10000 salary Increased with 2000 but not received yet.

June 12000+2000=14000 arrear of last month So Please advise the HRA Calculation for the above

Reg

The units of UTI SCUP taken in 1992 has been received i 2007-2008. Please advise the taxability of the matured amount.
Amount invested in 1992 Rs 8000
Amount received on maturity Rs 44000

whether at the time of deducting TDS , TDS should be rounded off to nearest of Rs. or nearest to ten digit