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Anonymous
16 October 2012 at 22:09

Tds

Can you please provide the details under which TDS on Royalty is deducted.
Please provide the whole article on it.

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Anonymous
16 October 2012 at 22:04

Tds

Can you please provide the whole article on TDS on GTA (GOODS TRANSPORT AGENCY).

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vinaykumar deshpande

Sir,

What is the exemption limit of Agricultural income where an individual having salary + business + agricultural income. kindly show the computation

Salary Rs.250000/-
Business Income Rs.175000/-
Agriculture income Rs.175000/-
__________
Total Rs.600000/-

Regards
vinaykumar deshpande

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varma2233
11 October 2012 at 13:10

What is work contract tax

i don't know wct,tell me how it's work & what rates are there (recently one company asked this quation when i attend the interview)

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Anonymous
11 October 2012 at 12:08

Online tds return filing

DEAR SIR,
WE HAVE WINDOWS XP PACK 2 & DIGITAL SIGNATURE (recently renwed)WITH PFX FILE DULLY INSTLLED IN IE- TOOLS-CONTENT-CERTIFICATE

WHENEVER WE TRY TO UPLOAD 26Q, & PUT ID NUMBER & SUBMIT OUR DIGITAL SIGNATURE,IT SHOWS INVALID ID OR DIGITAL SIGNATURE
BUT AS PER OURS BOTH ARE VALID.

PL TELL US WHAT TO DO?

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Kumar Nayudu
10 October 2012 at 20:54

Contributions to political parties

dear sir/madam, my name is kumaraswamy.matta.pursuing company secretary final.here my doubt is does company give any contributions to political parties? if company gives any contributions to political parties, how much it will give to political parties?as well as a private limited company will give any contribution to any political party then how much it will pay ? like wise if partnership firm,and proprietoryship firm will give pay to political parties then how much will pay? sir i have read in my tax laws if any individual or HUF give any contribution to any political party which that amount does not exceed 50,000/- rupees.and maintain account books as well as which a political party received amount the party should maintain records. above the statement is it right or not? statement which i have studied in (income which donot part form of total income) chapter under section 10 .would you please give very brief explination?

i hope that i may get a very brief explination..



Thanks And Regards

Kumara Swamy Matta

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Anonymous
10 October 2012 at 12:42

Error in tds return

Can anyone can explain the error code T-FV-1041 in TDS Return. I had filled the return in RPU Version 3.1.

Details of Error Report is Shown Below

Line No: 1
Record Type: File Header
Statement Type: NA
Field Name: NA
Challan Details Record Number: -
Deductee/ Salary Detail No.: -
Error Code & Description: T-FV-1041 Import the challan file downloaded from TIN website under Challan Status Inquiry.

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CA Amit Rajput
09 October 2012 at 11:29

Accrual accounting system

Welcome to all experts to join in discussion
I have a case about a an Investment (private limited )company
which maintaining books of account on mercantile basis.

But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis.
my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ???

Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system.
Is there any clarification from ICAI or Department for following accrual basis accounting through out the year?

Pls join in discussion

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Anonymous
06 October 2012 at 12:48

Capital gain

An assessee was gifted property from her mother. The gift deed was registered and the property was also registered in her name. Now while selling the property can she claim deduction for the expenses on registration of gift deed and registering the property in her name. Pls help with examples/ sectoions/ case laws.Thanks

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Mayank Chawla
05 October 2012 at 15:11

Gift under sec 56

Dear Friends

Suppose i have received Rs 2 crore in my marriage but half the amount received is in my bro's account and some amount in my papa's account and the remaining amount in my account.
Now i am confused that in whose return the amount of gift is exempt. Since the same amount is shown in my account as well as in my bro's and my papa's account.

Plz reply as soon as possible.
Thanks...!!!!

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