If by Mistake we pay the recovery raised by IT regading short fall for F.y. 12-13 though E payment by selecting Taxpayer Code No 200 instead of 400. What is the procedure to correct the same. Pls guide

We are private company based in mumbai. we have given contract for construction of 1st floor on our gala to contractor (including material + Labour). Contractor gave us single bill for 50,00,00/- without vat & Service tax.Is tds applicable on above pmt as per Income tax? also advice the implication under VAT act(VAT TDS).

Pls reply ASAP. Thanks in advance.

Original Statement:

Sec.194C Party - Amt Paid - 104500.00 tds - 5000.00
So there is a short deduction of Rs. 5450.00.

But in correction statement whether deductees details will be shown as follows

194C New Challan - Party - AmtPaid/credited- 0 TDS - Rs.5450.00 interest Rs.1090.00

Or,

I have to update old challan the amt. Paid or credited from 104500.00 to Rs. 50000.00 TDS - 5000.00 and

New Challan Amt Paid/ Credited - 54500.00 TDS - 5450.00 Interest Rs. 1090.00.

Please reply in full details.

I have submitted ITR online one of my client. But department has rejected the same due to non receive of ITR V (Acknowledgement). In that file there has some refund. So pls. let me know what I have to do for getting refund from department.

sir,
some amounts are credited in form 26AS as tds deducted and some amounts are credited in form 16A. the amounts which are not credited in form 26AS are given in form 16. shall i eligible to take credit of that amounts?

SIR, WE HAVE DEPOSITED CHALLAN ON XYZ PVT LTD. BUT BY MISTAKE OF BANK DEPOSITED ABC PVT LTD.

CHALLAN DEPOSITED ON DATED 10/12/2013.
WHAT PROCESS TO RECOVER CHALLAN OF XYZ,

PLEASE GIVE FULL INFORMATION OF TDS CHALLAN RECOVER.
sir i have not disclose company name so please give answer as far as posible.
the case is real.

dear all,
please let me know that revised return is necessary to file regarding interest on late payment of tds and if it is neccessary then please guide me it step wise step process.

Hi, I need to understand how much capital tax liability will arise based on following details 1. cost of RES. property 12 lacs 2. bought in 2004. 3. sold at 60 lacs in 2014. this is not the only property I have. assuming above transactions are bank and not cash. Also how much minimum I need to reinvest to avoid capital gains tax. regards. Anjum.

does payment made to hotel is also covered under section 194 i (if yes) then can explain the same concept.....


thanx in advace

Should a Practicing Company Secretary register and pay professional tax.If so to register under what category.