wat is journal entry to set off tds existing in balance sheet in subsequent year.can partners a/c be debited to set off tds
what do we mean by non-trade investments,pls support with example?
I am pursuing law at present & i want to know if i pursue CS Simultaneously Will it be good Career option ?
Sir,
I have a client who is eligible for deduction of Section 10A. He had incurred some expense on Computer Job Work, on which he deducted tax @ 2% u/s 194C, but in assessment the AO took stand that as the work is done on Computer the same would come under technical service and TDS would hv to be deducted @ 5% u/s 194J and hence disallowed the whole amount and on recomputation of income also didnot give benifit of Section 10A deduction on the addition of income. What are the remedy in the given case.
* is the expense wholly disallowable due to short fall in deduction of tax (which as per us shld come u/s 194C only)
* is Section 40(a)(ia) applicable to the case, as the amount is paid and not payable, as written in Act
* is Section 10A dedution is not allowable on addition made to income on account of disallowance of some expenditure
regards,
CA Gaurav Barai
Rajkot
Dear Sir/s,
If I am a Salary Employee and my TAX is Deducted from Salary,I want to Know that If my Company is not Filling Return from NSDL eTDS return but they Deposit all the Tax in SBI(NB),Can I get my TDS instead of this things ?
Pls help me urgently
Thanks in advance
Hello
My Clinet have filed his Income Tax Returns for the AY 2008-09 on 30/09/2008.
and on 14/06/2009 Assessing officer issued an Notice u/s 143(2). Without giving intimation u/s 143(1).
My query is whether it is valid notice or not.
Kindly suggest me.
Thanking you
Regards.
HOW TO VALIDATE THE eTDS RETURN IN THE NEW RPU IT ASKS FOR AN EXTENSION OF CHALLAN FILE .CSI
CAN ANY EXPERT HELP ME TO ON THIS PROBLEM
A Private Limited is in the business of medical & allied sciences.
The company has earned income in the form of CLINICAL TRIAL FEES.
Whether this income should be put under 'Domestic Turnover - (iii) Sale or supply of services or
Simply, mention as 'Other Income' - I feel this may not be appropriate.
The appropriate one may be 'Supply of Services'.
Can the experts confirm my understanding to enable me proceed on the matter ?
CAclubindia
audit of VAT