I had Gross salary of Rs 25000 for 9.5 months. EPF was 900 from employer and employee both. I was then into contract for 3 months @ 37000 pm. out of which tds @10% was deducted. Please tell me what will be my tax liability for PY 13-14 or there will be refund of 10% deducted.

what is logic behind applicable of tds ?
what is purpose of tds ?
sir i want to know history behnd tds

Hello,

We have internet connection with
You broadband and in Dec'13 total payment exceeds 30,000/-, and you broadband is not agreeing to deduct taxes for previous bills, hence please advice how to deal with this issue.

Thanks

R,sir/Madam

Please tell me how can pay less tax(350-500 montly) on Rs.100000 p.m salary

give structure or breakup with exemption & deduction

A govt teacher has not filed return for assessment year 2009-10, 2010-11 & 2011-12 but he has submitted Form-16 against 15-J in IT department.Also return of 2012-13 submitted through e-filling.

Now he has received a letter from IT department to furnish response in the compliance module on the e-filing website that that "WHY DO NOT APPEAR TO HAVE FILED INCOME TAX RETURN FOR ASSESEMENT YEAR 2009-10 ,2010-11 & 2011-12.

Kindly suggest what reply he should response to IT department.

Dear All,

We are a paper manufacturing unit and having expansion unit also. We purchased Castrol Molub oil(HSN No. - 27101980) for our expansion unit. Can we avail cenvat credit if use above item in expansion unit.. or running unit.

Thanks in Advance.
Regards
M.RamKumar

Hello,Could you please explain me the difference between FIFO and Weighted Average Method. Also how cost per unit is calculated while using Weighted Average Method in Process Costing?

Dear Expert

My company is a manufacturing unit
I have Purchase raw Material & freight paid,& deposit service tax on it & Cenvat Credit taken freight inward. but unfortunately this materiel is reject and we sold it to other party.& freight outward paid by party

please advise that can we reverse the credit or not.

Hi Friends,
While deducting the Income Tax from employees salary for March 2014 by mistake we have not deducted Rs.2100 from one employee. We realized the mistake in April this year. Now the employee is ready to pay now. How to file quarterly etds returns for Form 24Q?

I forgot to mention that all our previous year transactions are closed now. I mean we cannot transact previous year entries in any manner. Whatever we do, we can only make entries in the present year (2014-2015).

Employee is ready to pay the income tax due right now.

How to overcome this problem.
please guide me.

An assessee deals in buying & selling of land (agricultural & non agricultural) and earns profit from it.

Under which head will the income be taxed?
Is capital gain attracted?