What is the amount of penalty?

Dear friends

pls help me how to audit(internal) a spinning unit with respect to
production,manpower,power etc

my objective is to minimise the cost and increse the profitability.

pls send any checklist or notes to me
E-mail: sreedhargaru@yahoo.co.in

thanking you.

Suppose a person is paid Rs.60,000 on a day for a contract. All conditions for TDS deduction u/s 194C are met but TDS was not deducted.

1) If next day, an entry is passed debiting the party and crediting the TDS payable account with the TDS amount - will it amount to tax deduction at source, eventhough the amount is not really deducted from the total amount payable?


2)If the answer to the above is YES, will it amount to late deduction of tax ?

3)If it amounts to late deduction of tax, what are the consequences?


Kindly answer the questions for each case separately and quote section/rule/sources if possible.


Thanks.

hii

i m givin pe2 2nd group exam this may . i have already passed 1st grup and scored an exemption in costin fm paper.. but my admit card does not show any details of exemption being taken.. so i m quite tensed whether i have availed exemption or not.. anyone having any info on this topic kindly help..

thanx

sir,
a peron,owner of the land has given PoA to his wife for setteling any matter regarding their land at native place which is differrent from the place of their current residence.unfortunately the person is no more now.does the spouse is eligible to sell the land.

please help me out to find the solution.

Sir, could you give me the email address of the publishers/suppliers ie D P Law House, New Delhi of the books so that i could contact them and seek info. abt ordering the books as i did in NGPA's books(they are charging Rs.
300 including courier charges for those two books whose total mrp is Rs. 330(220+110)

Please send me the entire fbt rates for P.Y. 2007-2008 If possile also send the calculator

please send me the whole list of ward , circle, range of income tax department or say the source of same from whare i can collect the same

If in FY 2008-09, we have FD's maturing on which interest worth Rs 10500/- has accrued and we dnt encash these FD's and renew them for 1 more year then in such a case when will the TDS Amount be deducted?? Will it be at the time of encashing the FD's in next year or will it be the time the FD's have matured(which is the current year) and we are renewing it for one more year.