My Client incurred expenses on behalf of his customer for providing clearing and forwarding services, he is receiving the amount later by way of Reimbursment, whether this service provider liable to deduct TDS for such expenses or not?

Thanks in Advance
Srk

Now it is mandatory to submit audit report on line with return by CA to IT Dept. What's will happen with practicle problems arisng for submiting the same.

There is a public company having 7 directors in which only 1/3 directors are liable to retire by rotation in the annual general meeting. No agm has been held since 2011. now what will be the position of the board of directors in the absence of annual general meeting. they are not going to hold AGM from back date. Kindly guide.

how to account a option which will expire after balance sheet date as off balance sheet date.? option is not traded

Dear Sir,

I have a query regarding 194C, work as defined in the above section means:
"work" shall include—
(a) advertising;
(b) broadcasting and telecasting including production of programmes for such broadcasting or telecasting;
(c) carriage of goods or passengers by any mode of transport other than by railways;
(d) catering;
(e) manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from such customer,
but does not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person, other than such customer.]

However, in offices we deduct TDS on courier, printing & stationery, photocopy, hotel, etc. To what extent it is justified.

Thanks,
Shekhar

Dear Expert,

I want to know that whether there is any criteria to divide whole salary into Basic/HRA/other various allowance etc.

for ex: if Mr. X gets 10000/- as whole salary so how can i divide that 10000/- under Basic/HRA/Other allowances etc.

is there any % wise distribution???

Please tell me the way which is more beneficial for the Employees under Income tax Act.

Waiting for your valuable response......

Thanking you.

sir,
iam forget my TALLY ERP PASSWORD

TELL ME HOW KNOW MY PASSWARD

REPLAY E MAIL
govind_kushwaha08@yahoo.com

My previous year (F.Y. 2012-13) income are as under:-

1) Salary income : 160000
2) Accountancy charges : 48000
3) Saving Intt. : 2560
Total : 210560

Which ITR form I have to use to show these incomes?

Thanks

hi good morning every one am a article student now am doing statutory audit of a company now my query is interest on fixed deposits on what basis they have to accounted the interest amount on every month and at the end of the year, actually they are accounted on receipt basis it means whenever the FD withdrawn that time only they were accounting the interest as well as principle, but my argument is as per AS9 revenue recognition if it is interest they have to accounted on accrual basis only right.. please help me in this regard


thank u
Ram

Assessee is a Pvt Ltd. Co. It has given its urban agricultural land for development to a builder on revenue sharing basic. The land is long term capital asset and the value as per stamp duty rate about is 10 cr. The revenue to be received by the company is 45% of gross sales receipts. The joint dev. agreement has been entered in Apr 2013. The project would commence in about 18 months time and the revenue would be received over a period of 5 years. Kindly let me know the year of charge to tax and under what head i.e Capital gain or capital gains + business income.Whether it would be conversion of capital asset to stock in trade and then business profit on the revenue share received. Thanks