ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4363)
Question
My firm issues a cheque for Rs 28000/- today towards 
Advocate fees to Adv. Mr X. After three months the same Adv. 
Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax 
part u/s 194J of the I.T.Act? Do I have to pay TDS on the 
first paid Rs 28000/- or ignore, or while paying him the 2nd 
cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. 
Or on the other hand also pay Interest on TDS on Rs 28000/= 
for delaying the payment? Trust the issue is crystal clear?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
If you know the total bill amount then you deduct TDS in one
shot or after knowing the total bill amount you have to deduct
TDS for professional service. i mean Rs.53000/=
 
Is This Answer Correct ?    1 Yes 0 No
Savithramma Tv
 
Answer
# 2
i think in this situation when Cheque of Rs. 28000.00 is
issued. it is below of threshold limt that is Rs. 30000.00
in this situation tds is not deduct because 28000.oo is
less thein 30000.

But after three month a another payment is realesd of rs.
25000. now here the total payment is become rs. 53000.00
( i.e. 28000.00+25000.00) now this amount is cross the
threshold limt( i.e. rs.30000). Now the TDS Will be deduct
on rs. 53000.00 plus interst is charges for late payment of
TDS on 28000.00
 
Is This Answer Correct ?    0 Yes 3 No
Gulzar Singh
 
 
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?   4
what is the last date of return filling,payment of tds, professional tax,service tax, income tax, ESI,FBT for consultancy firm?   2
What is Excise & Service Tax ? What's Diffarance Excise & Service Tax ?   11
Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ? Construction 1
I RAISED SALES INVOICE TO DEBTOR GROSS 25000 +S.TAX 3090 TOTAL 28090 AND I RECEIVED 27528 CHEQUE FROM DEBTOR HOW TO ENTER THESE TWO ENTRIES IN TALLY AND HOW TO COMPARE ACCOUNTING STATEMENT   3
which is the Due date of Challan & return filing dates of VAT,PF,PT,ESI,TDS,Service TAx and IT in Uttarakhand.   3
i had sold a residential property owned by me and had received proceeds of sales of said property by cheque but at present i am unable to purchase new residential property and the money is lying with me ideal in my bank account can i invest that ideal amount for period till 1 year or upto 1.5 yr till i purchase new residential house. what will be income tax treatment for the ideal amt invested in some else for time being and not purchased a new residential house. Wipro 1
Hi..My Question is related to TDS Claim. I have got the TDS certificate for F.Y 2009-10.TDS amount is 2200.00 Looking in 26AS( F.Y 09-10 ) I can not see any credit of 2200.00. This credit is available in 26AS of F.Y 2010-11. What shall I do avail credit of same in F.Y 09-10.   2
i am work partnership firm in Uttrakhand. one of our branch established in haryana.and our branch give raw material to another parti in haryana.and same parti supply semifinished component to our branch(uttrakhand). mentain excise duty & c.s.t in bill.and we enter these bill in purchase A/c.instead of job work expenses. so question is that can we able to deduct T.D.S ON these bill.pls explain me in which section we deduct t.d.s. if not, why.   1
What is "E1 Form" ? what are the types in that? why it is used?   1
Is TDS is applicable for subscription/membership fee paid to registered council?   2
I am George Moses from Mumbai I am asking the how to clculate the TDS on Labour ? Sub LAbour.   5
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com