what is the effect of excess leave taken on ca final attempt?

Need to understand if an allowance in the form of LIVING EXPENSES reimibursed or paid to an employee while his/her official deputation overseas, in INR attracts TDS or not.
This is apart from regular CTC.
Suggestions & computation methods will be appreciated.

Nandakumar
Bangalore

Mr. Ashish Barthwal -
Appreciate your revert
Please share a quick link to Rule 2BB of IT Act

Q1. Earning per share = Total sales/ weighted average outstanding sales.
what is Avrg.Ourtndng shares, how to calculate it.
Q2. I m working in a partnership firm total employees r 25 still how cum ESI & Pf is not applicable???????????????

thnx

If we are Purchaser

1. When to deduct TDS ? At the time of agreement or payment ? If we pass JV of purchase on the date of agreement & credit a/c of the payee, TDS on the entire agreement value will be deducted at once. But if we don’t pass JV till we receive possession, will entire TDS be deducted at once or to be deducted from each payment?


2. Advance paid Rs. 20 lacs before 31/05/2013. Agreement entered on 03/06/2013 for Rs. 60 lacs. TDS will be deducted on Rs. 40 lacs or 60 lacs ?


3. Agreement entered before 31/05/2013. Part payment made after 31/05/2013. Is TDS required to be deducted, if yes, on which amount ?
NO
 Land purchased for Rs. 80 lacs from 4 joint owners vide a single agreement. (Payments made by different cheques to different individuals). Will TDS apply? Is the limit of Rs. 50 lacs is qua-seller or qua-purchase? YES

4. TDS to be deducted only on principal value or also on other charges such as legal charges, development chgs, electricity connection chgs etc.. mentioned separately in the agreement.

5. Does TDS apply on car parking space charges not mentioned in the agreement, but paid vide a separate parking space allotment letter ?
6. If PAN of the payee is not available at the time of deduction, will TDS be deducted @20%?

7. Is the procedure of payment, returns, form 16A etc. is same as for other TDS provisions or is there any special procedure prescribed for this section?

8. Is there disallowance provision for failure to deduct TDS under this section ?

If we are Seller

1. If buyer doesn’t deduct TDS, are there any adverse consequences for us as a seller ?

2. What are the documents we have to take from the buyer ?

What is Rent a Cab service ???
What id abadement ???

If the article started his articleship in September 2012 and is of the IPCC May 2012 batch, the same provision is applicable for him or are there any revisions coz it is being told that from the same batch the transfer limit during the first year has been reduced to 1.

Please Reply for the same...

Dear experts
We have disallowed rent in our computation in A.Y. 09-10 for non payment of T D S & in A.Y. 1011 we have paid the said T D S before filling of income tax return i.e. on 24/9/10 & taken the deduction of expenses in A.Y. 1011. Can A.O. challenge this deduction of expenses. If yes Pl advice remedy for the same where return of A.y. 11-12 is processed u/s 143(1)by department

is TDS applicable for a stipend less than 7000/month? If yes, what percentage is it.

hello sir,
i m student of cs profesional .,sir please help me regarding achiving aggregate of 50%..in last two attempts my aggregate was 46%..

I have Passed IPCC Group-I in Nov2010&Joined in Articles in June2011&Group-II passed in Nov2011.Please tell me What is Last Date for Final Registration?Is there any Last Date or any time before apply of final Examination?