Can we adjust excess TDS deducted u/s 192in the next FY year ? if yes, please provide the section.

actually we have by mistake Deducted Excess tds u/s 192 in the month of march-2014. can we adjust this amount in April-2014 payment. if yes, please provide under which section we can adjust.

Building used for personal purpose subsequently brought into the business of the assessee to provide rent free accommodation to one of his employee. whether notional depreciation to be computed in this case (explanation 5 to sec 43) ?

please explain bank overdraft and cc limit in practical manner ?

can i apear in 2nd group even if filed both grup option in ca final exam form

Respt. Experts, I am in need of your urgent help and advise in a matter of my Family Property Distribution. Please help me out the best way to handle the matter.

(A) BRIEF FACT OF THE CASE ARE AS UNDER:
(i) My father along with his brothers (5) and sisters (4) are the family members. Total (10) out of which one of my uncle since deceased left with his wife and (3) Childrens. Out of which only (1) is major and (2) are minor.

(iii) My grand father and grand mother both being deceased about 11 years back and having some property still in their name in revenue and municipal records. The details of property are as under:
(a) In Grand Father's Name : (1) Resi. House Property & (1) Agricultural Land.
(b) In Grand Mother's name : (1) Resi. House Property.

(iii) Since Grand Father & Grand Mother demise there is no distribution of property and we have not filling any ITR in HUF name.

(iv) Now all the family members wish to distribute above mentioned parental property in a common opinion in following manner:
(a) Most elder son will get Resi. House Property standing in Grand mothers name.

(b) Two other son will get equal share in Resi. House Property Standing in Grand Father name.

(c) Agriculture Land to be sold out and the consideration will be distributed to all family members in equal shares.

(Please note that since we have some other common property which is standing in Individual names of other family members hence not getting share in parental property)


(B) TO EXECUTE THE SAID WE HAVE EXECUTED A POWER OF ATTORNEY (POA) IN MY FAVOUR. In said POA I have taken relinquishment of rights in property by the members in favour of each other.

First we have planned to execute Registered Relinquishment of rights in said property through POA taken by me which will incur 0.5% of Stamp Duty on its execution at Chhattisgarh.

But someone suggest us to execute "family partition deed along with relinquishment of rights" in property as it is good from taxation point of view and very nominal stamp duty charges.

(C) SIR, MY CONCERN/QUERIES IN THE MATTER ARE AS UNDER:
(i) Whether the said parental property will be called as HUF Property?

(ii) Can we make "Deed of HUF Partition cum Relinquishment Rights" in the case singly?

(iii) Since I have taken POA only for relinquishment of Rights in property. Does the same will work in HUF Partition? Since availability of all female members is difficult as live in diff. states after marriage.

(D) PLEASE SUGGEST:
The best course of action to be taken on the matter considering Taxation impact. I read some where that "RELINQUISHMENT OF RIGHTS IN PROPERTY" attracts Capital Gain Tax in IT Act.


Thanking You,

hello.. i have been asked by my senior to check tds. as i am a new joinee please tell me what all should i check other than these things:- tds rates ie properly deducted or not.. tds challans.. quarterly returns .. and what else?? please tell me.. the client assigned to me is a mba and fashion designing college so wat else i can chek.

Dear Experts,

Please guide me about the
- Amount of stamp paper on which declaration in DIR-4 is to be printed?

- Is there any change in the stamp duty rates for filing of incorporation documents with MCA?

Thanks alot in advance

I have completed my 15 months of article ship but due to some reason I have to take termination. I wanted to know whether it is possible to rejoin article ship at other place for balance period, if yes then what is the time period to rejoin ?

Whether it is necessary to get consent from institute for early termination ?

If you can rejoin then whether consent is required from institute for joining again at other firm ?

I asked this query at icai ahmedabad (to a normal office person who deals with students) and he said that once you terminate you can't rejoin again which seems quite weird to me as well.

Please treat this as urgent and kindly help me to solve it

Hello All
Please anyone can help me to understand the following Paragraph Under Companies Act, 2013 Regarding the method of Calculation of Depreciation for calculation of Profits for Dividend Declaration and Payment, with the help of a hypothetical example. It goes Like As follows:
"Depreciation shall be provided in respect of each item of depreciable asset, for such an amount as is arrived at by dividing 95% of the original cost thereof to the company by the specified period in respect of such asset."

Hi Please Help Me 1. I need to Know TDS Payment Procedure and 2. Even Want to Know How TDS Certificate needs to be Generated Online and 3. And What other Procedure is required in TDS Compliance for Private Limited Company Please Help me at the Earliest Regards Yash