my client is a corporate assessee in the course of assessment under section 143 for the a/y 2006-07 the a.o pointed out that the assessee has not deducted tds on paymment made to contract for trasportation charges,the fact put in front of the a.o was that this service was being provided by the contractor out of agreement and as such he was raising a debit note on the company for the transportation charges, he has also confirmed he was deducting tax and depositing with the authorites on the same amount for which he was raising the debit note,even after lot of pleading the a.o diallowed the amount,the amount of demand was deposited with the tax authorities, simultaneously the a.o has imposed penalty under section 271(1)(C).
I am preparing to file a appeal with cit(a) my question is

can this be sustainable in the office of cit(a) as i have got the confirmation copy of the contractor in which he has mentioned that he has deposited tax on the same amount for which he is raising the debit note,this copy was also submitted to the a.o during assessment proceeding .

i would be greatful to all of you,kindly help me out


ca fareed ahmad khan

Dear All,

I need to know the conditions to be fulfilled by a company so as to be liable for undertaking Transfer Pricing Audit.

If I got the Bill for exps Amounted rs 22,000 which contains exps of F.Y. 2008-09 15000 and 5000 exps. for F.Y.2009-10....Should I make tds on paying this consolidated Bill...this bill dated of current financial year...

i ve confusion,, reagrding maximum limit of companies a ca can audit.. one book its written 30.. another book 45...

If a company is using Ltd (not Pvt Ltd) in its name. Its number of diretors are 5, promoters were 8 and no of shaeholders are 13(all are family members and relatives). What is the status of the company? Private Ltd. or Public Ltd.?

if amount paid to any party during a financial year exceeds rs 10 lacs will surcharge be imposable while deducting tax at source

Hi Friends,

Can a CA working as full time paid staff with a CA Firm or in bank or industry also provide Consultancy services to his clients and raise invoices for the service charges? If yes, should he get his some firm name registered or get a part time practice how & by what name he can issue Invoice to his client?

Dear member

hi
i want to know the procedure of conversion warrants in equity and what type of formalities should be done before that. please help me.

Meenu

Hello friends
I am totally confused over law of stay of demand.Please help me in my following queries:-

1)If an assessee has taken stay of demand and files his appeal sai in CIT(A) and further loses the appeal then at what time period he has to pay demand.within 30 days of fresh demand notice or next day on which appeal is decided and in this case if he doesnt pay then from when he will be deemed as assessee in default?Will he be deemed as assessee in default during period of stay or not?

2)If he has not taken stay of demand and further wins the case will he be treated as assessee in default?

please please help

I want to promote an educational institute for professional courses in the state of Karnataka at Bangalore. My question is wheteher it is compulsory to form a trust to get registration under Karnataka Educational Act, 1983. Please explain me the formalities about this.