Income Tax queries [14034]

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Meet

01 July 2014 at 15:26

Tds credit taken by chartered accountants firm

Dear Sir,

In case of Chartered Accountants firm, the firm follows Cash system of accounting as it is allowed by the law. Hence normally with respect to the tax audits, the firm raises the bills in October (which is within the Service tax Rules ie 14 days from the completion of service).
However, the organizations whose audit is done, they book the bill in March itself and deduct TDS as per provisions of Sec 194J of Income Tax Act.
My query is in which year shall the CA firm take credit of such TDS deducted? Is it to be taken in the year in which bill is raised or as per 26AS which will show TDS credit in respect of bills which are not even raised by the firm yet?
Kindly explain.

Thanks.

Ashwini

01 July 2014 at 15:22

Preliminary expenses

what is preliminary expenses and how we posted in aseets side?

l.narasimha rao

01 July 2014 at 15:14

Foreign company

Dear sir,

How to incorporate a foreign company, Is a company with a foreign director and a indian director said to be a foreign company.

Thanking you sir.

Best regards

Sakthivel

01 July 2014 at 15:07

Tax audit-44ab

Dear Sir/Madam,
Did Section 44 AB applies, When a Private limited company suffer loss during the year and having a turnover of Rs.6 lakhs

Sairam

01 July 2014 at 15:06

Resignation of paid assistant from a ca firm

Hi All,

We have a case of a paid assistant who left our partnership firm (she was not a partner, joined as audit manager). Now my doubt is whether the partnership firm firm

Anonymous

01 July 2014 at 14:56

Deduction of advertisement exp.

Under sec. 37(2B) if IT act, Adv. Expense done as of a promotion of a political part are not deductible ...My que is Under what Section Biz. Advertisement Exp. is deductible?