I have deposited TDS on 14/10/13 and due date was 07/10/13 i have been sent notice and the interest levied for late payment is for 2 months while I cannot understand that after due date I.e. after 07/10/13 upto 13/10/13 legally 1 month interest can be charged @1.5% then why interest is charged for 2 months? What is the basis of calculation of period?

One client is contractor and liable for audit for AY 2012-13 he has completed his audit before due date but couldn't file return till 31-03-2014

Now what is procedure to take refund

Hai Friends,

I hav one doubt regarding S.40A(3), It is as follows.

Day1 Bill amount 15000
Day2 Bill amount 18000
Day3 Bill amount 13000

on a single day payment made Rs25000

weather disallowance U/s 40A(3)will come or not ?
The above illustration given in vinod gupta and as per the author no disallowance will attract. please suggest.

Hello... dis is Hitendra... I have a query regarding VAT. Is der any exception where In case of inter state sale (CST) INPUT TAX CREDIT CAN BE CLAIMED?

plz tell me sir the nature of supense a/c whether it is real personal or nominal?

WE ARE SENDING GOODS IN TURKEY BUT PARTY NOT ACCEPTED MATERIAL SAME GOODS ARE SALES TO SECOND PARTY IN SPAIN. INV. AMT. CHANGE & PARTY NAME CHANGE IN INVOICE.PLS WHAT IS PROCESS OF EXCISE DEPARTMENT.

The client's, a salaried employee TDS was deducted and paid from the salary for the assessment year 2012-13 but due to certain reasons he failed to file the regular return on the due date. Now when he wanted to file the belated return he came to know that the HRA deduction and PPF transfer (actually made by him within the FY 11-12) is not reflected in the form 16 given by the employer. So TDS was deducted more upto that extend. Now whether he can file the return and claim for 80C deduction(PPF transfer) and further claim for refund or not?

i could not understand share trading/section44ad/turn over and requirement of audit if loss in trading

does share trading by indivsale comes under
section 44ad business and can file return on the basis of no accont basis than what shall write in form(IT-4S) COLUMN51 AGAINST TOOTAL RECEIPT

Can I use one single series for Retail and Tax Invoice. For Example

Invoice No 01 is Retail Invoice.
Invoice No 02 is Tax Invoice.
Invoice No 03 is Tax Invoice.
Invoice No 04 is Retail Invoice.

Can I do this.