Mr.A maintains his books on mercantile system of accounting

Mr.B maintains his books on cash system of accounting

Mr.A deducts TDS on amount payable to Mr.B in F.Y.2006-07 and issues TDS certificate to Mr.B in F.Y. 2006-07 for A.Y. 2007-08
Mr.A makes payment to Mr.B in f.y.2007-08
for Mr.B tds is deducted on income which he has not yet booked in his books for f.y.2006-07

in such a case for which F.Y. year TDS credit can be claimed by Mr.B

format for calculation of effect under section 145A of income tax act ,1961

private ltd company (hotel industry) paid internet bill for their use whether they are liable to pay fbt and whether one time charges for internet charged in 1st bill also chargable for fbt

Dear Friends,

Please tell me if no tds is deducted from salary or other than salary incomes in any quarter. then is it required to file 24q or 26q respectively in that quarter.


Thanks

Pawan Narang

TIN FACILITAION CENTRE HAS REJECTED THE TDS
RETURN FOR WANT OF 90% PAN NO FOR EMPLOYES CATEGORY AND 70% PAN ON OTHERS. WHAT IS THE REMEDY BEFORE US. IT IS VERY TEDIOUS TO COLLECT THE PAN NO. OF ENTIRE COMMISSION AGENTS FOR SMALL SMALL AMOUNTS.THRESHOLD LIMIT FOR COMMISSION IS 2500, WHTHER WE CAN APPLY THE OVER ALL LIMIT OF 50000 BY TREATING THIS AS CONTRACT
PL. REPLY

Dear Friend,

one of my client is providing consultancy services.He does not hold any professional degree.Whether he will be considered as "professional"
for tax audit purpose.

Regards
ca sanjay chaudhary

What if i make the following planning to avoid disallowance u/s 40A(3)???

Instead of crediting cash I credit the expense to any of my employee's account and then pay him cash in instalments of less than Rs.20,000???

Unabsored Depreciation can be carried forward for the next year.In the Act it is said that it will be deemed as part of that year Allowance.

if this is the case What is My profit of the business?for example

if Currentyear profit before dep is 1000 and dep for the current year is 500.Unabsored Dep is 200.what is my profit of the business?As per Act it is 1000-500-200?Am I Correct?

If this is correct then I have to take this amount for calculating 10A Deduction.

10A deduction=Profit of the bus*Export Turnover/Total Turnover.
Here profit of the business is whether 1000-500 or 1000-500-200?

please reply your comment at the earliest so that i can take decision to complete Tax Audit

m a little confused regarding the levy of FBT on Internet Charges....can we relate it to telephone expenses??....wat if we get our telephone bills which includes the internet expenses???

Whether TDS deductible on total amount including Service Tax or Income part only