My friend is doing the business of transportation. He pays the freight to unknown truck owner (100% in cash as they not accept the cheque) around Rs. 100000/- daily for delivery of the goods and charged Rs. 105000/- from the client as freight.

Problems:
1. Paying freight Rs. 30 lakhs in cash in a month.
2. Not deducting the TDS

What can happen? Can he file his ITR showing net income as commission?

any gain/loss arising from commodity market transaction from MCX can be shown as short term gain/loss or only speculative treatment. give me some idea.

Can any body tell me why the exam date for DIAS AT not yet declared? Because last time I remember the exam dates were declared well in advance.

I am asking this question because I tried to ask the same to the institute but they are also not aware of the reason.

Can Indian C.A. audit books of subsiadiary company situated in USA . Its holding company is registered in India as Private limited company.

The High court has given the decision that no service tax is leviable on the renting of commercial property hence forth. So will this be applicable to all over India or just in Delhi.

And if yes and according to this order we do not charge service tax on the rent but if the government challenges this order in the Supreme Court, which is more likely then what will be required to do after that. Can we charge/ adjust in the subsequent invoices.

One more thing the DH says that that this order is applicable with retrospective effect from the day the tax was levied on commercial property rental.

Please do reply in brief.

REQUIREMENT FOR REGISTRATION IN WORKS CONTRACT, RATE OF TDS/WCT/SERVICE TAX ETC.

IF ANY CHANGE FOR WORK CONTRACT FOR ROAD CONSTRUCTION WITH MATERIAL.

What is the procedure followed for accounting of Call and Put Option trading and aslo the tax liability.
I mean Journal Entries required to pass in tally for taking the effect of such trading.

we are the manufacturar exporter of the medical disposable items

we are register as a manufacturar exporter under central excise

now we have some order from overseas for the product which we can`t manufacture
now we are purchasing this material from the domestic supplier and want to export it we are not manufacturing this material we are only purchasing and exporting
can we do this without registered as the merchant exporter

pls advise

If March Salary provision made on last day of month.so when i can deposit TDS on the same. i.e 7th April or upto 31st May.

What head in accounts should be created for the payment of toll tax & Big TV recharge