Dear CA club Members,

Please clarify the below Doubt.

In case of Exports and Imports We appointed a CHA, CHA is invoicing us 2 invoices one is Reimbursement Invoice and Another is Service Invoice. In Reimburcement invoice it is not charging service tax, but for the reimbursement invoice we are getting the supportings from the 3rd party in our name where the 3rd party is charging service Tax, and we are claiming that service Tax also. Now while making payment to CHA for those reimbursement charges shall we deduct TDS.

Now I will explain with Example. CHA is raising 2 invoices One is Reimbursement and another is service Invoice,

So noew how i am passing the entries for Reimbursement Invoice

Freight on Import Dr.

Service Tax Dr.

To 3rd Party Cr.

than

3rd Party Dr.

To CHA Cr.

than

CHA Dr.

To Bank A/c Cr.



and for service Invoice

Freight Doc. Charges Dr.

Service Tax Dr.

To CHA Cr.

Than

CHA A/c Dr.

To Bank A/c Cr.

To TDS A/c Cr.

In case of Reimbursement invoice i am not deducting TDS because we are not paying directly to 3rd party, we are paying to CHA through Reimbursement Bill.

Please clarify, What is correct whether we need to deduct TDS on the amount paid to 3rd party through Reimbursemnt bill because we are taking service Tax credit on 3rd party invoice

or No need to deduct TDS because we are not directly making payment to 3rd party and we are paying through Reimbursement invoice to our CHA.

For your information our CHA is neither taking Service Tax Credit on 3rd Party invoice nor he is deducting TDS on it.

and if TDS need to be deducted it is whose responsibility to deduct TDS.....?

Dear,
What if we won't finish GMCS-1 within 1 year/

Our queries are as follows:

1) Can the AO issue notice u/s 148 for making disallowance u/s 40(a)(ia)?

2) First authority remands matter to AO to verify date of submission of Form 15G/H for payment of interest without deducting TDS so as to allow such payment u/s 40(a)(ia). Assessee awaits order giving effect but finds it against him. Hence, appeal is filed before the Honourable Tribunal against order giving effect to CIT-A within 30 days of date of receipt OGE. Is this a wrong remedy? Should the appeal be filed only against CIT- Appeal order within 30 days?

I want to ask a question. In Sec. 7(3A) of CST Act, text similar to below one is written:

"Where it appears necessary to authority granting a Certificate .......... for proper custody & use of forms referred to in subsection (3A), he may ...".



As per above, the forms are referred to in Sub-section (3A), i.e. this sub-section itself. But no such forms are mentioned/ indicated therein.

Also, Sub-section (2A) has a similar provision and certain forms are mentioned there.


My Question: Is Sec. 7(3A) actually talking about Sec. 7(2A)?
If so, is any correction made in Sec. 7(3A) till yet?

Dear sir,
I have received a intimation u/s 143(1) for the assessment year 2011-12 in email id that is as under

Please find attached the Income tax Intimation U/S 143(1) for PAN AHCxxxxx2C with respect to the return of income filed by you for the Assessment Year 2011-12.

In case of variance of Rs. 100 or more, between Tax Credits (TDS/TCS/Advance Tax/Self Assessment Tax) as claimed by you in the Return of Income and the computation under Sec.143(1) per attached Intimation, a separate email will be sent to you providing details on the same.

In this issue i have e filed of return and in this i have a refund of tds of Rs 1069/- it is matched with nsdl site view tax credit for 26a also. but in the intimation from ITD of CPC banglore they does not consider this tds refund and give us a intimation u/s 143(1) for demand of Rs. 278000( including interest).
so please suggest me what can i do so i get my refund as soon as possible & rectify demand.

Hi ,

For the assesment year (2012-13), I have filled Income Tax return online. By mistake, I had entered wrong TAN no. of employee. Like, Instead of MUMC01530F , I have entered MUMC03015F.

Now, I got Income Tax notice to pay tax as because of wrong TAN , my TDS was not taken in consideration .

Let me know guys, what I need to do now? Apart from this I was expecting Refund , now Income Tax department want me to pay penalty.

Please help me guys, Thanks in Advance.

I filed my ITR for AY 2012-13 electronically( before due date). Some day before, I have received an intimation u/s 143(1) that your net tax payable is 10,000 (including tax) on my email address. Since I am salaried person and my employer has been deducted all due taxes from my salary and same has also been appear in Form 26 AS.
Now I want your help that what I can do in this situation please suggest me in detail & oblige.

i have a salary retn case for ay 13-14 regarding gratuity and leave salary pl help me for computation
details as under...
gratuity rs.843950
leave salary rs 393843
salary rcvd rs. 327924
prof tax rs 1800
80 c investment rs.100000

lalit lawangae

Dear all,

i have one query about assets.

why bank purchase assets?

what is the aim behind that?

Jab bank ek building kharedi karti hain to usake upar depreciation bhi to charge karti hain har saal,to building lene ka fayda kya hain?

usase kya asar hota hain bank ke finncial pr?


ulta depreciation se to profit kam dikhata hain to fir kyun bank khud ke liye building kharedi karna chahati hain?

plz solve my query?

Q. is there any amount limit(turnover) to appoint a cost accountant in company


Q. time allowed to submit cost audit report to CG