Earlier I not get solution of this so after long time again i presenting my query. I am Custom House Agent. Per contract my commission is Rs.3500/- fixed for which i raising bill and tds deducted by client is @ 11.33%. Now i have to paid some dues on behalf of clients. e.g. Custom duty 500000/- + Govt Stamp duty 10000/- + Port Charges 10000/- + Foreign Shipping Charge 10000/- total : 530000/- paying on behalf of client for which we are raising separate debit note alongwith evidences/bills/receipts of the above pymnt we made on behalf of them and paying this after applicable TDS. But again our clients deducts tax at source on this debit note amt @ 2.266% on 530000/- which we paid on behalf of them only as frontman or mediater between to concern. in this debit note amt no income/profit factor affects to us. But TDS deducted by our client 12000/-. Now our income is only 3000/- on which net profit is only 1000/- and on which my tax liability is comes only for 337/- but TDS is 340/- + 12000/-. since last 3 years tds is more than net profit. NEITHER CLIENTS MADE THE ABOVE PYMT DRECITLY NOR THEY MAKING PYMT WITHOUT TDS SAYING AS PER CIRCULAR WHICH SAYS ANY SUM PAID TO CONTRACT IS SUBJECT TO TDS.

Pls. help me is there any clarification/circular/notification or case law which we present to our clinets to say please do not deduct TDS from debit note for which we paid purely dues on behalf of them.

Dear All,

Please let me know , whether TDS is to be deducted on Gross amount of bill or excluding service tax?

I wish to know about s.tax liablity,
we are consignment agent of one south India base company,they sent goods to us for further sale,they raise a consignment transfer note/invoce-in which they show basic rate+ex.duty+plus commision amount+insurance+transportation= bill amount.
After this we produce sale invoce,than send a salepatti,shows detail of sales.
They had given instruction to us to diduct the amount of commision,as well as amount of freight,which we have to sent directly to transport company,with diduction of TDS.
My query is is our liablity to pay service tax on transport +commision amount? commision amount for whole year is arround 5-00lacs. where fright amount is arround rs.10-12 lacs.
As existing consultant says when company show-add fright in consignment note,we not need topay any S.tax,as our commision is under limit of S.tas examption.
Hope you will offer your valued opinion.

Hii can anyone explain the difference between the provisions under Section 276C(1) and 276C(2)

what is difference between, Association of persons & body of individuals, under what sec income tax gives exemption to this two Persons. whether the BOI & AOP Enter into Partership.

In course of import in to India our customer had wrongly filed bill of entry using our vendor invoice instead of our invoice. the Po is in US dollars. This happened in the month of Oct 08. Our customer is not willing to revise bill of entry. Our vendor invoice is for a very low value as a result of which we might be paid very less when compared to Po value.
How can this be resolved.

can BBA Student can do a latest scheme of ACT or she has to do Bcom and then eroll please do let me know its urgnetly required

Dear Sir,

If we want to show share stock (business) at market value at 31st March than what type of entry is required to be passed at the end to show unrealized gain or unrealized loss for that. And what entry and adjustment is made when actually sold the same?

Secondly for the fixed deposit that has been matured in next year if we want to make an entry for accrued interest than tds detail is required or we have to pass the entries for interest income only?

if anybody have an HR Dictionary then please send me on parasmlw@yahoo.co.in

u/s 80c, only tuition fees paid for full time education is allowed as deduction. But if there is no distinction b/w tuition fees & development fees is made on the fee receipt, then how much amount I can claim as deduction?