IF TDS DEDUCTED IS RS 100 AND TDS DEPOSITED IS RS 200 OF WHAT AMOUNT WOULD I GET TAX CREDIT OF RS 100 0R 200

INCASE WE CREDIT RS 90000/- AGGREGRATE IN ONE FINANCIAL YEAR FOR LABOUR WORK FOR CONTRACTOR AND IN SAME FINANCIAL YEAR WE DEBIT CONTRACTOR LEDTER FOR RS 5000/- FOR KASAR VATAV. SO WE MUST DEDUCT TDS FOR RS 90000/- OR RS 85000/- GIVE ANSWER WITH EXAMPLE AND RELEVANT NOTIFICATION FOR IT (WE HAVE TO PAY RS 85000/- ONLY TOTAL WITH TDS)

Q 1.Whether audit of all LLPs would be mandatory?
A. The accounts of every LLP shall be audited in accordance with Rule 24 of LLP, Rules 2009.Such rules, inter-alia, provides that any LLP, whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty five lakh rupees, is not required to get its accounts audited. However, if the partners of such limited liability partnership decide to get the accounts of such LLP audited, the accounts shall be audited only in accordance with such rule.
The above q & a has been downloaded from MCA Portal on audit of LLP. It is clear that both conditions are to be fulfilled i.e. Rs.25Lacs contribution and Rs.40Lacs turnover for statutory audit of LLP. However,while going thru the subject on CA Club, I find that majority view is that if one condition is fulfilled audit is required. Would any one clarify the correct position?
Also wish to furnish the following additional information FAQ:LIMITED LIABILITY PARTNERSHIP
FAQs ON AUDITORS
1. Which Companies require audit?
As per Rule 24(8) of the Limited Liability Partnership Rules (LLP Rules), 2008, every
limited liability partnership (LLP) which fulfils the following two criteria is required to get its accounts audited
a. turnover exceeds Rs.40 lacs in any financial year and
b. whose contribution exceeds Rs.25 lacs in any financial year.

2. Will there be a requirement of audit if an LLP fulfills any one of the criteria mentioned in Question 1 above?
Under Rule 24(8) of the LLP Rules, 2008, an exemption from audit is available for all
those LLPs which fulfill any one of the above mentioned criteria.

Q.2.Is there any format of audit report, P & L
& B/Sheet specified in the statute?

Q.3. Whether amount of interest on capital remuneration to working partner & share of profit credited to capital a/c during the financial year (after formation of LLP) amounts to contribution?

Many thanks in advance.

hi sir,
i m a CA final student pursuing last year of my articleship and quite desperate to make a career in private equity and investment banking.i have experience working in conventional areas but have got no exposure at all in my above mentioned choices.My questions are:
1.which companies in india are best to start with ?
2.As i have no experience in IB & PE at all,will this factor effect my recruitment as a fresher in a top notch firm?....i want to elaborate that i m good at academics and i have passed ipcc with a rank.

3.what all steps should i take to pursue my dream career?

4.what is the average ctc a ca fresher can get in ib/pe firms and what is their selection criteria?

thanks

I qualified C A in January 2013.

Now i have to apply for membership to the institute.

The Details of my training are:
Under 2 CA firms (i have taken transfer from my Ist CA Firm)

Problem:
I am shown under Regulation 43(8)under online status of my Ist CA rather than Article Assistant,
And as Article Assistant under Second CA.

Where as i have all the essential documents (issued by Institute) such as:
1 Registration as Article under Ist CA
2 Registration as Article under IInd CA
3 Completion of Training.

Please help me. Please tell me what is my status,,
Is there any problem.

1) If a person who is a service provider does his job work on 57(F2) basic under Central Excise challan is liable to charge the service tax to the service receiver or not? In this case the service receiver can take modvet credit if the service tax is charged by the service provider?
2) If a person who is a service provider does not charge the service tax to his customer who is a central excise accesses, then who is responsible for negligence. Ultimate liability will fall on whome for not charging the service tax and paying to the government.
Regards,

As we know the transfer pricing is applicable to specified domestic transactions w.e.f. FY 2013-14, my question is as under

It is first of all clarified that transfer pricing provisions are applicable to following person.

Suppose, one person has paid interest to his brother which is 9% p.a. but the same person has paid interest @ 18 % p.a. to outsiders.

Now, as far as I know, transfer pricing is applicable when excessive expense is debited and profit is reduced which is not there in this case. Further, for the brother of this person, interest is income and not an expense, so his income can also not be increased.

Is it ok?

Dear Freinds
What will be amount for TDS in case of rent , if it includes electricity charges (Fixed per month)also and agreement is a composite agreement for rent & electricity both.
Whether TDS is Deductible on payment of electricity amount fixed per month sepratly other than rent under a seprate agreement , if yes then under which section.

as per notification no.20/11/2012 my client wanted toadd new service transportation by road as service receiver,so that i amen dent st-1 and added all taxable services with new code . did i right or not? should i select the new code of transport service and select transport service as selective approach?

please answer fast

Can u please tell me that if a employee is receiving less salary i.e deductions are made on ground of leave or some other reason OR employer does not pay him the salary for one or two months in a f.y. So how tds calcullation will be made on accrual or actual basis?