M paying salary of Rs. 22500/-, 21500/- & 17500/- to my
employees, frm June 2010. I still have not deduct TDS from
their salary. I have not applied for TAN No. M also paying
rent of Rs. 50,000/- pm. And also have not deducted TDS on
it. What should I do now?
'A' is running a manufacturing set up. 'B' sends raw
material (after paying CST) to 'A' for manufacutre of his
specified product and 'A' keeps 'B's stock in his godown.
Can 'A' buy this material from 'B' by raising a CREDIT MEMO
and in the books regularises by passing Journal Entry
Dr.Raw material inventory and Cr. 'B's Account.