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Archive: 28 September 2009

Posts in 28 September 2009

In mercantile method of accounting allowability of expenditure depend on liability to pay

September 28, 2009 1402 Views 0 comment Print

So far as the contention with regard to the disallowing the claim on the expenditure incurred on the purchase of two machineries is concerned, the counsel for the Revenue has urged that though with respect to the first machinery an advance payment was made within the Assessment year, with respect to the second machinery no payment at all was made.

FAQs on applicability of Surcharge and Cess on TDS after budget 2009 and on new TDS rate

September 28, 2009 3063 Views 0 comment Print

1. What is the date when the Finance Bill became Finance Act 2009? 19-08-2009 2. In which cases surcharge on TDS rates is NOT applicable? On all payment to residents On all payment to non-corporate non-residents On all payments to foreign corporate if total payment is less than 1 Crore

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