Dear Experts

How much rate of % PF and ESI,

we have make a provision entry for Directors Commission (Section Code 92B) with TDS deduction and credited to directors account on 31-03-2008 but till date the net commission after deducting TDS was not paid to directors what is the due date for TDS Payment to Govt.pl clarify till date we have not paid the TDS also we have to pay the interest on late payment of TDS or not

I read that sitting fees paid to directors would come under purview of 194(J).The reason it seems is that he can be defined as manager under companies act..1956,which seems to be an absurd explanation!! How can tat definition be applied to income tax act ???Should come under194(J) ??

ours is a pvt ltd co.in building construction trade,we have taken over a partnership firm as a going concern and after taking over the partnership firm,the partnership firm is dissolved.our pvt ltd co. now wants to take the advantage of credentials of taken over partnership firm--
1.like its experiences of work done,i.e.work completion certificates.
2.its turnover in last years.
The query is so generated bcoz ours pvt ltd co.is doing contract business so previous experience[specially these two] is a critical factor in bidding.

Sir,

I am confused. Yesterday i got two opinion stating Driver's salary should be included in vehicle running & maint exp.

Please refer to "CIRCULAR No. 8/2005, dt 29/8/05 of Fin Act, 2005.

Point No. 78

Reimbursement in respect of car exp on the basis of bills submitted & driver's salary on the basis of declaration :

such reimbursement is effectively exp of employers for the purpose ofconveyance, tour & travel covered in clause (F). SO IT IS A CONVEYANCE EXP.

Point No. 87

Salary paid to driver of a motor car :
is a vehicle running & maint exp.

THE ABOVE TWO POINTS ARE CONTRADICTORY.

CAN U URGENTLY CLARIFY.

WHAT IS THE CORRECT TREATMENT?

Thanks

Subhash

If I made an investment in the bonds under section 54EC before expiry of 6 months, by way of cheque and the stamp on the bond is of the date of submmission of cheque. but, if the clearance of cheque is after the date of expiry of 6 months will i be able to avail the exemption? the assessing officer denies to grant the exemption. please resolve as soon as possible.

Which is the best insurence plan to mainimise the individual income tax

Hi

What is Professional tax.
How can I deduct from salary.
Tax slab
Location Slab Deduction
---------------------------------
CHENNAI 0 21000 0
CHENNAI 21001 30000 75
CHENNAI 30001 45000 188
CHENNAI 45001 60000 390
CHENNAI 60001 75000 585
CHENNAI 75001 5000000 810

if a emp left in may & his gross salary is (32880) for Six month & (10960) for Apr & May (Two Month) than which slab applicable.

If a emp not working 30 or 31 days than i can deduct P Tax.

What is the difference between sales and turnover?

Dear Experts
Dealer has paid to interest monthly Rs.3000/- its applicable to 194A section? Please cleared me