dear sir i have not filed my income tax returns for fy 11-12, 12-13 and 13-14 i understand that now i cannot file income tax return for fy 11-12 few customer has deducted tds in 11-12 how can i claim this tds please let me know for fy 11-12 few customer has deducted tds which i

Demand raised by Dept 51500.00 for short deduction in TDS (24Q) return for F.Y.2011-12
ON 27.03.2014.

But in my REVISED return i mention the correct pan no after that assesses get the claim.

I mail my query to the department and there reply is hereunder

Dear Sir/Ma'am,

Thank you for contacting us, it is our pleasure to assist you.

Your query related to PAN error default is acknowledged.

It is to inform you that the provisions of section 206AA apply at the time of tax deduction, which happens prior to the filing of statement. Thus, the deductor is expected to have a Valid PAN at the time of deduction. Only a typographical error is expected at the time of filing the TDS statement.

The demand in the hands of the deductors is being rectified in cases where the difference between the Invalid PAN and the Valid PAN is not more than 2 characters. This is being done in order to take care of the genuine typographical errors in data entry.

The rectification of demand in other cases is not done if the mismatch is more than two alpha characters & two numerics. Therefore, out of 10 characters in case of structurally valid PAN, 4 characters are being considered for rectification of demand.

Sir, basically i want to know their is any action or procedure in which i can get the
relief or rectify the demand.

pls suggest

Sunil Nijhawan
9254276276

Partnership firm provided remuneration to working partner as per partnership deed and as per section 40(b). Assuming firm provided remuneration of Rs. 10 lacs and paid Rs. 3 lacs to partner, whether partner can pay tax on Rs.3 lacs following cash method of accounting.

Dear Experts, kindly assist me and let me know whether a chartered accountant in practice can become a director in a private limited company. and if so possible than what legal processor should be followed by him. looking forward to hear from you all soon.
Thanks & Regards

Respected Experts

Our Co.booked stall in Exhibition& Invoice Amount Rs 160000.00, by mistake We have deduct the TDS in section 194 C , TDS amount has deposit & file the return.

But this case covered Section under 194(i)and Tds should not deducted bcoz Invoice amount less than Rs 180000.00

My Query is our co deducted the tds in wrong section and TDS return also filed .Please suggest me how does solve the problem

Dear all
can i take a bank loan on property which in name of my mother.
can she by POA may authorise me to take bank loan OR is she required to transfer that property in my own name.

please reply early

what is the difference between implied contract and tacit contract?

Sir,
I have completed my IPCC in Nov 2013 and I want to start my articleship in Delhi.I have not yet started it.But I want to register for final course now. Can I do that without starting articleship.I wish to start my articleship after six month.Please also suggest me names of some good small CA firms in Delhi for articleship.

One of my client received order U/s143(1) as on 13/02/2014 for the Asst Year 2012-13with Tax Payable of Rs.10/- for the Interest U/s.234A.Actually when we file the return we given the chalan for less than 10/-which was made mistake by clerically.Whats the remedy for that ,is it possible to waive that interest

Dears,
there is two properties in the name of our boss purchased from the same company on same time but property value is 39.30lacs each. now the installment has been due of rs.3.30 lacs. it is need to deduct tds on the property transaction but i am confuse that i do consider both value or separate value for TDS depositing because it is compulsory the property value should be 50 lacs or above.
kindly advice that i deducted tds to consider both property. if i do not consider both properties then no tds will be applicable on it.