How to calculate TDS?Plz give me example

Hello all,

I recently recieved this intimation 143 from CPC where i have been asked to pay 618rs.

This is what my situation is:

1) I filed my return online through perfios a finance manager portal.while preparing i got a tax payable of 660 rs which i didnt pay while filing return. I paid 660rs as self assesment tax later.

2) Now it was re-calculated as 618 and i got this intimation.

I called customer care CPC and they said u need to have the xml saved during the return which i dont have and i am not sure as i filed through another website(perfios)

Please help me how should i go about it now?

Since TDS deposition has been mandatory for e-payment. then in this case, will TDS deposit date be next day if 7th day of the month is public holiday?

A PERSON(senior citizen ,IT assessee) HAS TWO different HOUSE PROPERTIES.
IN THE CASE OF ONE HOUSE PROPERTY, HIS MAJOR SON AND THE PERSON ARE SHOWN AS JOINT BUYERS RESPECTIVELY IN THE SAME ORDER WHEN THE PROPERTY WAS REGISTERED intheir names AT THE TIME OF PURCHASE.
IN THE CASE OF THE SECOND HOUSE PROPERTY,THE PERSON AND HIS WIFE ARE SHOWN AS JOINT BUYERS RESPECTIVELY IN THE SAME ORDER, WHILE REGISTERING THE PROPERTY PURCHASED
1.) NOW MY QUESTION IS WHEN THIS PERSON SELLS THESE TWO PROPERTIES AND BUYS TWO MORE HOUSE PROPERTIES , TO TAKE ADVANTAGE OF CAPITAL GAINS TAX EXEMPTION ,
IS IT REQUIRED THAT THE NAMES OF BOTH ( SON AND FATHER IN ONE CASE, AND THE PERSON AND HIS WIFE IN THE OTHER CASE) SHOULD APPEAR IN THE NEW PROPERTY REGISTARTION DOCUMENTS IN SAME ORDER AS SHOWN AT THE TIME OF PURCHASE ?
OR THE FIRST NAME ( APPEARING IN THE PROPERTY DOCUMENTS WHEN REGD.) SHOULD APPEAR
OR ANY ONE NAME IS SUFFICIENT.

2.) NEXT QUERY ON THE ABOVE ISSUE IS
THAT THE MAJOR DAUGHTER AND MAJOR SON ( WHO OWNS ONE HOUSE JOINTLY WITH HIS FATHER) OF THE SAME PERSON , TOOK HOUSE LOANS TO BUY TWO NEW PROPERTIES . SALE AGREEMENTS ENTERED AND 50% SALE VALUE PAID THROUGH BANK LOANS BY DAUGHTER AND SON RESPECTIVELY.
THE FATHER WANTS TO USE FULL SALE PROCEEDS OF HIS ABOVE EXISTING TWO HOUSES ( WHICH HE IS SELLING) IN THESE TWO NEW PROPERTIES.(IN THE FORM OF REPAY BANK LOANS TAKEN BY THE DAUGHTER AND SON FOR PURCHASE OF THE NEW HOUSES---- BANK LOANS ARE IN THE NAME OF SON AND DAUGHTER ONLY FOR THE TWO NEW HOUSE PROPERTIES RESPECTIVELY--),
BANK SHALL RETAN BORROWER’S NAMES ( THE DAUGHTER AND SON BEING THE BORROWERS) ON THE (NEWLY FINANCED) PROPERTIES REGN. DOCUMENTS .
AGAIN MY QUESTION IS IN WHAT ORDER THE NAMES SHOULD APPEAR WHILE REGISTERING THE TWO NEW HOUSE PROPERTY DOCUMENTS TO AVAIL CAPITAL GAINS EXEMPTION BY THE PERSON CONCERNED,HIS SON AND HIS WIFE WHO ARE ALSO JOINT OWNERS IN THE TWO EXISTING PROPERTIES?
SINCE THE BANK MAY INSIST BORROWER’S ( THE DAUGHTER AND THE SON), NAMES TO BE SHOWN FIRST IN THE NEW PROPERTY DOCUMENT, (AT THE TIME OF PROPERTY REGISTRATION)S,
HOW THE ORIGINAL OWNERS (SON AND FATHER IN CASE OF ONE HOUSE AND THE PERSON AND HIS WIFE IN THE SECOND CASE ) AVAIL CAPITAL GAINS TAX EXEMPTION?

THANKS,
R.V.RAO
raovr2001@yahoo.com

Dear sir

Please help me our company does not deposit TDS monthly in bank than how can we calculate interest, what formula we use simple interst formula or compound interest formula? is this right if we deposit TDS quarterly in bank?

1)I have a following situation.
In X Pvt. Ltd. voting right pattern is as follows:
Mr A: 25%
Mr.B: 30%
Mr.C: 10%
MR.D: 35%
These three person are also member in another pvt ltd(Say Y Pvt.Ltd) in which shareholding pattern is as follows:

Mr A: 30%
Mr.B: 60%
Mr.C: 10%
X Pvt Ltd given loan/advances to Y Pvt Ltd Say Rs. 10 lakh. Then how it is to be/in which ration taxed as deemed dividend in each share holder hand?

2) X pvt Ltd has paid taxes of Y Pvt Ltd. Is it to be treated as deemed dividend?

ONE OF MY CLIENT HAS SOLD A FLAT FOR 30 LACS ON 16.08.2011. NOW MY QUERY IS THAT:-

WHETHER HE CAN INVEST IN TWO PROPERTIES I.E. PURCHASE OF TWO RESIDENTIAL HOUSES/FLATS OR ONE HOUSE AND ONE PLOT.
SECONDLY IF DO NOT INVEST THE SAME UPTO 31.03.2012. THEN WHAT IS THE DUE DATE OF DEPOSIT IN CAPITAL GAIN ACCOUNT.LAST DATE OF PURCHASING OF TWO HOUSES. OR ONE HOUSE & ONE FLAT.OR ONE HOUSE & ONE PLOT( VACANT). LAST DATE OF FILING OF ITR IS 31ST JULY FOR HIM AS NO AUDITED CASE.

I would like to know as to whether MAT provisions are applicable in case a company is having only rental income and long term capital gain on sale of property from which rental income was earned.

Please help me regarding this

I filed return in time (assessee- company)
for the A Y 2011-12 claiming refund

I want to file revised return regarding above
with tax liability (Self assessment tax not paid up to now)

Is 234 A applicable in this case

Thanks.....

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