Hi Frnds

While paying TDS on line we have recorded wrong AY i.e. instead of AY:- 2013-14 we have put 2012-13.
Plz advice how can we adjust this challan in AY:- 2013-14 & if we can't adjust the challan then Shall We get refund of the TDS which we have paid ?
Wat is the procedure of the refund?

Kindly advice us on the same as the TDS amt is too big.
Waiting for your reply.....

if any Reservation for CA by cast SC in PSU.

We have two Pvt.Ltd. companies which have registered with ROC of Hyderabad. We have not registered with A.P. Commercial Tax for VAT,CST and Professional Tax. We do not have VAT and CST sales. Our registered office at Madhapur, Hyderabad.
We have started our operations very recently and deducted PT from our employee’s salary ( only 5 Nos) for the month of April, 2012. We have the following queries. Please clarify this queries:
1. When should we deposit this deducted PT?
2. What is the Professional Tax registration process in A.P.?
3. To where I have to submit our PT application?
4. What are the documents we need to submit?
5. What is the Registration Fee?
We have 5 Directors but only 2 are involving in business operations remaining all are silent directors. Hence, do we need to pay Rs.2500/- on each directors?

Dear Expert,

I want to merge our sister concern company to
one company , in this case can i transfer all the debtors & Creditors to the master company ?
sister concern is a Pvt ltd

Regards,
Rajakumar.R
+91-9535866631

please tell me about GAAR in detail

Hello There
Currently we are running Proprietory concern where my father is a sole proprietor. Now we decided to convert this proprietory firm in to a partnership firm where My father, me and my younger brother is a going to be a partners. Now my question is, Does assets in the proprietory firm will attract any stamp duty or taxation while transferring that assets to partnership firm?

Dear Sir

Our Company purchased machinery from outside india and payment was made my its holding company based at Mauritius ($300K approx).

Above incident happended in 2007.

Now same was never reported to RBI and was converted into equity in the year 2012.

Pls confirm whether same need to be reported to RBI and if yes , how much can be the penalty / compunding in this matter.

Pls let me know the common practice of calculating salary under the following situation -

A staff is being recruited at Rs. 8000/-p.m But he joins on 11th of say April.and incurrs loss of pay for one day - How should the salary be calculated ???

My version : His salary for april (11th to 30th) should be 8000/30*20 days since he has joined only on 11th.which is 5333/- LoP shud be calculated based on 5333/- i.e 5333/30 *1 = 178/- So the salary will be 5333-178 = 5155/- Is this correct ?

My collegues say that his LoP shud be calculated on 8000/- i.e 8000/30*1 = 267/-
and salary for april will be 5333-267 = 5066/- they authenticate saying that Tally calculates so ! which is correct...pls help me.

One of our parner is having IEC code. can we use this IEC to import goods for our patnership firm ? or can we modify the registration details and convert the same for partnership firm ?

pls, guide us.

I received Rs 9500/- agent commission from LIC in last year 2011-12. Can Tds is deductable from my agent commission ?