I had fixed deposit with obc bank but PAN was not allotted at the time of maturity. Bank deducted 20% TDS. later on I got PAN and updated with bank. Bank is not giving TDS certificate from Traces as PAN was not available. I can't get credit also.

What is the procedure to get refund of 20% TDS deducted by the bank?

As per TRACES customer care, bank has to revise the return & it should be reflect in my 26AS form. But bank not agree to revise the return for the related period.

Is there any obligation of Deductor (Bank) to revise the return as per Income Tax Act.

Sir,

Can you please tell me that should i take the job of Back end process in operations or finance of a renowned company?
Actually i am in CS Finals and on payroll in a listed company already.

Is Cash Credit Facility from banks for working capital a part of current liabilities?

In the old schd VI it was shown under the head Secured Loans but in the revised Schd VI it has been covered under Current Liabilities .

By taking the Cash Credit in Current Liabilities, it adversely effects to derive the net working capital (Current Assets-Current Liabilities.)

pl clear the status at the earliest.

thanking you

Respected Sir,

My query is that how much % of donation could be availed on donating 10000 Rs in cash to arya samaj mandir by a private company.


Thank in Advance

Hello Experts,
one of my client is paying his contractors following Amts:--
1 fixed monthly contract amt.
2 local conveyance exp
3 printing & stationery exp.
4 tea & water exp.
5 office exp.

all these bill are in the name of company not in the name of contractor
But company gives cheque in the name of contractor.
my query is that u/s 194c on which amt tds will be deduct?

Thanx & regards
Harshita Gupta

i have some confusion regarding following matter because as I have discussed the matter with different people , their views are different -
Some people say ( including practicing c.a and advocates) that if I am maintaining proper books of account and my turnover is less that audit limit, I do not need audit even if my net profit is less than 8%, Is it right?

Whether it is mandatory to get the due diligence certificate done by a PCS or the CS in service can get it done and sign

Dear Experts,

Suppose, I had Purchased immovable property in year of 2000 for Rs. 10 lacs, on which I had paid Rs.10,000 as stamp duty. However, in year of 2002 Stamp value authority calculate value of that property as Rs.12 lacs and therefore I had paid Rs.2,000 additional stamp duty.
Now, in case I am going to sale such property then what will be my cost of acquisition for calculation of capital gain, whether Rs.10 lacs+Rs.10000 OR Rs.12 lacs+ Rs.12000 ??

Thank you in advance

Dear Expert,

I am going to apply for PAN card of my wife. We married last year but there is no proof available in my wife's name because we shifted into another city.

I have rent agreement in my name as well bank account in my name but my wife doesnot hold any address proof in new city .

What documents required for her to apply for pan card.

Give me practical solution so that i can apply for pan card

respected sir,
i have started a new retail business on 01-04-2014.already my gross receipts have cross 10 laks .so as per sec 44aa of income tax act i have to maintain books of occunts for the purpose of determination of income.my gross receipts will not cross one crore and at the end of the year i want to declare my income under sec 44ad.now i want to know form experts that
point no.1.as my gross receipts crossed 10 laks i am liable for sec44aa
2.once i declare income under sec 44ad , sec44aa becomes inefective on me .
please discuss