Our company is register under STP and getting exemption U/s 10A.
My quarry was - 1 Some time we recover some expenditure from our forging client by issuing debit note. We recover more than expenditure. Shall I show this excess recovery as other Income and Liable for Income Tax For E,g Travel Expenditure was 35000 and we recovered 37000 from USA . Is Rs 2000 is other income or shall I take exemption for the same
2 When employee leave organization before notice period we recover some amount from employee as "Bond Recovery" and credit this recovery to Employment cost A/c. Shall we treat this recovery as Other Income and Liable to income Tax
3 Regarding TDS - We have one car taken of Lease from Finance Company and we were paying EMI for that. Whether Company is Liable to deduct
Please advice on the same
Thanks for your guidance
Anagha Jagade
By Unregistered Visitors, Section Ask Questions
Posted on Sun Dec 17, 2006 at 06:34:56 AM EST
 |
| < CAG Empanelment of Chartered Accountant firms for the year 2007-2008 and 2008-2009 | Query on C Form for exports of services by STP > |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
