Suppose a company is working as C&F for a multinational company whose upcountry transportation needs are reimbursed paid by the company. The bill raised by the tranposrter is on the name of the company and not on the C&F name. Then who is liable to deduct the tax.

Dear Sir

I would like to what will be the consequence in case of short deduction of Tax.
For e.g. On Expenditure of Rs.100 TDS should have been deducted @10% and accordingly TDS amount will come to Rs.10 but in our case we have deducted TDS of only Rs.5
I would like to know whether the whole amount will be disallowed or only part of the amount on which TDS is not deducted.

If we consider the above example the amount on which TDS is not deducted is Rs.50. What will be the disallowance amount Rs.100 or Rs.50

Kindly solve this issue.

I am posting this querry and hope that i will get some concrete answers for it.

On this very forum i have heared some students getting apprehensive about the future of profession with a spurt in the number of students taking up CA as a profession. Every one out there is more worried about the quality of professionals being made from ICAI's portals.

I am posting this querry on behalf of such students and members.

This should not be taken as our anti competitive spirit.

Anyone having a soft copy of Memorandum & Article of Association of a Pvt Ltd Co (Preferbly Pharma Company)Pls mail it to s_pahi@in.com


Thanks
Regards

Sir I want to Know That Accourding To ICAI New Rule What is Condition for Termination from Articalship.

Hi! Plz let me know the procedure for conducting concurrent audit of bank in an effective manner.

Whether market to market loss on the balance sheet date allowable under the income tax act

(in relation to unsettled transaction standing to the credit/debit on the balance sheet date)

please support ur answer by necessary sections/circulars/notifications & judicial decision

i have the following information:

amount=100000

tds deduction rate on this amount=10%=10000

surcharge 10%=1000

edu. cess 3%=330

total amount=11330

while preparing return for tds with RPU in annexure-I column no 427 it asks "rate at which tax deducted". what should i fill in this column either 10% or 11.33%

Thanx

Sir i m a student of PCC, I want to know that whether change in name of AAS will efect on Its inner material

for Ass-Yr 09-10 how many services are in number which is taxable