Whether TDS on Interest on Income Tax refund is deducted?
Interest Amount is 2Lacs

Our company is providing mobile/DTH recharges by purchasing from main company i.e. Vodafone, BSNL, Idea. and distributes to the distributors, retailers. Meanwhile our company is performing as a intermediary.
If suppose on the recharge of Rs. 100 company is getting Rs. 3 of commission after deduction of TDS then What will be amount of Taxable service ?
(a)Rs. 100
(b)Rs. 3
Please reply...!

Under Reverse Charge Mechanism Service Receiver (SR) has to pay certain % of S.Tax on his own.
But if S.Tax is not charged in the bill whether SR has to pay S.Tax on reverse charge basis ?

How should SR would know that Service Provider was liable to pay S.Tax or not ?

Is liability to pay S.Tax by SP is mandatory irrespective of S.Tax charged or not in the bill ???

If a person made cash payment of more than 20000 for purchase of capital goods . then in such case if the depreciation will be disallowed or not? u/s 40(A)(3) of Income Tax Act.

Please reply soon.

Thanks in advance.

Hello,

I am Mr. Patel, owner of Private Limited firm in Ahmedabad, Gujarat.

We are four director in this company. We incorporate in year of 2008.

Out of us one director has resigned by email and not handover any work which was done by him. Just run away without any work handover by very next day after resign.

After several days we came to know that he is working with an organization who are involved same as our companies business.

We are wondering that he may be disclosed our companies business secret, operation details etc.

Please give me a suggestion, can we take a legal action for him or company where he is joined. If yes then what type of action should be taken against a board of Director ?

Waiting for your reply ASAP.

Mr.Patel

Dear friends,
pls tell me the exact procedure for transfer of articleship as i have already completed 1 year of articleship in delhi.

what is difference between TDS and TCS?

TDS -deduct by the person who is making the payment against the expenses (we have to pay this to gov)
TCS-even though we are collecting (is that we need to pay same tax to gov)?


both are the liability to pay to governmen?..

We have deducted TDS for one of the employees in Dec as TDS on Professional Charges (@ 10%) instead of TDS on salary. TDS return was filed accordingly.

Now when we have to file the return for Jan-Mar quarter, there is a discrepancy to the extent of TDS deducted as TDS on professional charges.

I'm not sure how to go about it. Please advise.

A Company has filed Form 1A with proposed Authorised Capital of Rs. 10 Lakh.
The ROC has approved the name application.
Now the Company wants to Decrease Authorised Capital.

How to form the company with same approved name keeping the authorised capital as 1 lacs.

Can payment of penalty to MCD be claimed as expense?