our client gets his vouchers, visting cards, registers for specific purpose, etc printed from a printing press.The printing press owner uses its own papers and other material in addition to the printing work. Now my ques is wheather we deduct TDS on such type of work under sec 194(c)of income tax act or not. Also some body had told me that when the person (refer to printing press above) delivers the goods as per our specification than the work done as per our specification is not leads to deduction of TDS.

If Cenvet CRedit is taken on an Item under Capital goods head..Is it necessary that the said item should also be treated as Capital goods in Accounts despite the fact that the said is an Stock item & not a Fixed Assets.
Plse clarify...

respected sir,
x ltd purchased good from y ltd ex-mill freight was to be paid by the x ltd ie purchasing party freight bill amt rs 30000 out of which x ltd got rs 6000 as discount so on which amount tds is to be deducted whether it is deducted on the gross amt ie rs 30000 or on net amt ie rs 24000 plese explain

Dear Sir

From where can i dowmload "General Accounting Software" Launched by The Institute of Chartered Accountants of India (ICAI).

thank u sir
rajesh

I have contributed in EPF for 4.5 years and then stopeed for an year and then again contributed for 9 months. I want to understand the taxability if I withdraw the funds. will it be tax free withdrawal for me.

What are the pre requisits to comply with AS 9 in case of sale of goods?

I mean what are the things we should have, to book sale in books to comply with as 9?

Whether Leave Travel Allowance provided by company will come under the perview of FBT in the hand of employer or not ??

Whether vehicle hire for guests and Entertainment Expenses for guests will come under FBT in the hand of employer or not ??

during audit i found that TDS of whitewash contrctor was deducted at 2.1%. is this rate ok or not?
if not please tell applicable rates..

A company paid a bill of Rs. 5 lacs + service tax and book the 5 lac as expenses and service tax amount as input credit. During the FY company couldn't utilise the input credit. Is the debit balance of Input credit ledger allowable expenses in Income tax act?

for the non deduction of tax at source under chapter XVII-B penalty provisions prescribed under both section 221 and 271C. what is the need of two penalty sections for a default and what is the difference between these two sections (221 & 271C) which one will prevail?
Thank you,
Balakrishna