We install a transformer (treating as assets) to our factory. We paid some labour charges bill for install a transformer. So, TDS applicable on this labour charges bill when labour charges expenses book in assets a/c.

Simililarly, we purchased a machine and party has given bill including labour charges amount. We book bill(including labour charges) in assets a/c. So, here same TDS applicable on this labour charges bill when labour charges expenses book in assets a/c.

We purchased a Truck from A Co. Rs.560000 (Including separate bill of Labour Charges Rs. 60000/-). But total amount Rs. 560000/- finance by IndusInd Bank.So, how will we deduct TDS on Labour charges amount because total amount paid by IndusInd bank if we deduct TDS then A co's debit balance will show in our books for . But We can't force A Co. to pay TDS amount. So, what we will do in this matter.

Hi, me and my friend have started a website. We have registered the domain name and the hosting account. If we mention copyrights reserved at the bottom of the website, does it mean that we have the copyrights for this website. If not do we need to be a partnership firm or company to register copyrights.

Also I guess we need to be a partnership firm or a company to sell this website to someother company. So how much will it cost to start a partnership firm in india and what are the rules attached with it

A Company is not having sufficient revenue for giving arrears of salary but it has huge balance in general reserves.

Method 1:
Can it debit General Reserve directly

Method 2:
or the arrears of salary has to pass through P&L A/c only and later on debit balance in Accmuluated P&L is set-off against General Reserves. In that case, P&L will show a loss but if former is the case, P&L will continue showing profit.

Personally, i think method 2 only is allowed as arrears of salary is an expenditure and has to be matched against revenue to find out Net Profit in spirit of AS 5.
Though company is insisting on method 1, Can it be allowed?

what are the consequences of delay in deduction of tds???????.
Whether such tds deducted before the end of the F.Y. and also deposited with in the prescribed time.

Hellow...!!!

I need Form 1 & DVAT-16 in Excel format (unlocked) for Delhi return?.....Pls provide me as soon as possible...

I am woring in NRHM and joined on the basis of contact 3 years salary consists Basic+HRA+Transport Alloance+Medical Allowance+Newspaper Peridicals all of sudden they denied to give HRA part and said HRA is not allowed to contactual staff now what's remedy avilabe to us ?

Sir,
Abc has deducted 10000 as tds on contract from other companies and other company has deducted 14000 From abc as tds on professional
So Abc has right to claim 4000 as refund from the government
Whether 4000 will be shown on the asset side irrespective of whether abc has filed tds return or not????
My second question is if 4000 was a liability to abc and abc has not filed the return then whether 4000 wil be shown as liabilty in the balance sheet or not???

we are manufacturar exporter of medical disposable items in faridabad we also have another plant in sidcul haridwar(uttrakhand)which is duty free zone

we are importing mould on EPCG licence in faridabd and haridwar both plants
we are transfering the moulds between the plants on the excise invoice without paying the excise duty as the transfer of the moulds as required for the production purpose

is it the right process if not pls advice the right process

can we transfer these moulds on the job work challan from one plant to another plant

pls advise us the right porcess for the movement for the moulds between our above plants

should i deduct TDS from a bill of contractor or professional whose bill is "bill amount+ service tax"
example: ABC CARGO BILL AMT RS.1000
+S.TAX 10
TOTAL 1010
THAN TDS ON WHAT VALUE SHOULD BE DEDUCTED?
in rs.1000/- or rs.1010/-

Suppose a company makes some interest payments for unsecured loans on which the company regulary deduct TDS every month.

If excess TDS has been made for during any finacial year (say 08-09). Can we adjust the excess Tds paid in next financial year say 09-10 by paying less TDS in 09-10. please comment.

If no, What is the other way to recover the excess TDS paid during that financial year.