Can u please give me the information about consequences that i have to face if i didn't cleared The GMCS programme during the first year of articleship.
The accountant erroneously paid excess TDS in Q2, in the next quarter the TDS paid was the difference between the excess paid and the actual payabe, various parties TDS consisted the excess paid, now while filing the return it shows an error, being the difference which was excess paid...How to solve this?
Sir
Please send us the bond format for not mentioning the EPCG No in the S/B?
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Hi..
Can any one please tell me is Input Credit available on Purchase of Diesel by a contractor for the purpose of operation of machines? but as we all know that purchase invoices received from diesel provider, do not show the amount of VAT separately.
A company paying rent and hiring of vehicle charges to the same contractor. On hiring of vehicle TDS is deducted u/s 194C. On rental payment since the payment in a financial year is below Rs 180000 so no TDS is deducted. Is this practice in compliance with Income Tax Act.Or both rental income & hiring of vehicle income of the contractor be clubbed & TDS on rent be deducted from the contractor. For e.g. ABC Ltd hired an office premises & Vehicle from Mr X . For office ABC Ltd pays Rs 12,500 pm and for vehicle Rs 15000 pm + reimbursement of fuel charges to Mr X. ABC Ltd deducts TDS from Mr X's Hiring of vehicle bill u/s 194C but since the annual rental income of Mr X as paid by ABC Ltd is less than Rs 180000/- no TDS is deducted by ABC Ltd from Mr X rental bill. In this context is the payment made by ABC Ltd liable for TDS u/s 194I by clubbing both rental & hiring of vehicle incomes of Mr X by ABC Ltd.
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About postponemenement of gmcs