Dear Sir,
Suppose professional fee is Rs. 40000/- and tds deducted thereon is Rs. 4000/-. Now please advise me, whether any other Ed. Cess or surcharge also to be deducted or not?

Please clarify.
Thanks in advance.

I am working for a company in service sector where a lot of clients pay for bills issued in name of client company through there personal accounts or accounts other than company accounts.

My query is; whether our company can receive the same through individuals/other accounts or insist on payment through company only in whose name bill is issued?

Are there any limitations under Income Tax Act 1961 or Companies Act 1956?

Can we take credit of service tax/ VAT paid on various expenses like hotel bills,professional fees , in purchase of computer parts or purchase of any vatable goods/availing of services which are not directly related to the business

iS IT MENDETORY TO PREPARE BALANCE SHEET AND ROFIT& LOSS ACCOUNT OF PVT LTD AS PER REVISED SCHEDULE vi IN HUNDERED FORMET?

Dear Sir,
What is the difference between CA and CMA?
Whether the CMA also can do audit like CA do.

Please clarify.

Dear All,
Plz tell me that mobile phones with lower amt say below Rs.5000 can be treated as an asset or not?

Dear Sir
i am empolyee gross salary 4.5lakhs p.a
my employor in ETDS returns wongly entered my pan number for ay 12-13.
but i dont see that mistake at that time .
now i was seen that mistake in pan number thats way it was not shown in 26as. i requested so meny times to change that mistake but the empolyor do not respond .is there any option to write a letter income tax department if yes plz tell address to send.the tds amount was around 16000.i am not subited any income tax return up to now.when i was go to bank loan that manager find this mistake.

is there any option from IT department for rectfing this mistake that employor not responding so i want to go legaly ...

so plz give me any suggestion ........

Hello everyone,

AB & CO and CD & CO are two firms. Both the firms have 3 working partners each.

Now they have decided to construct a residential complex in joint venture ?

My question :
1. What should be advisable either Joint venture or partnership firm ?

i think partership is better because of simplicity of taxation as compared to taxation of Joint venture.

waiting for the vies of the experts.

Dear Sir,
I have downloaded consolidated tds format file from traces for correction due to challan is unmatched but hoe to make changes in it & How to know the What is thread in challan in previously file return. I hava tried for Justification Report but traces system shows massege not available so what to do in such case?

Thanks & Regards!
Dipak Sonawane
8390924115
dipaksonwane01@gmail.com
Aurngabad(MH)

Hello everyone,

suppose AB & CO, CD & CO are two partnership firms.

Now they both want to form a partnership firm to carry a particualr business.

can they form a partnership firm and if yes then can the partners of both the firms (are working partners) can claim the remuneration as per section 40(b) ?