In our office one girl is working as an Accountant simply knows voucher entry and reconcilation and doesnt know to surf the net or email id creation.
She doesn't even know meaning of TDS and never appeared in interview since 2007 even in a pvt company and got the govt job with the jack of father in law.

THIS IS INCREDIBLE INDIA.

A HOUSE CONSTRUCTION STARTED IN JULY 2013
AND COMPLETED IN MARCH 2014

COST OF CONSTRUCTION WAS 36 LACS{30 LACS CAPITAL GAIN}

IN WHICH YEAR RETURN THIS TRANSACTION IS TO BE SHOWN, 30 LACS WAS DEPOSITED IN CGDS

WHAT IF CONSTRUCTION COMPLETES IN APRIL 2014?

I have sale hydra machine @ Rs. 450000/- and there is profit of Rs.323142/- as WDV of Asset is Rs.26858/-, How I show it in ITR - 4, Whether STCG applicable on it or not?

sir how i can return my 3years return includidin current year

Dear Sir,
In case where the gross total income is above the exemption limit in AY 2012-13. And we file retrun now then in such case cpc will issue notice u/s 271f or
cpc will transfer the matter to local office for proceeding u/s 271F.

Please enlighten me, generally what cpc do in such cases.

Waiting for your responce.

Dear Sir in a proprietorship firm Purchase NSC Name of self. Then we can show in books for investment and get 87A rebate also..... if yes than why if no than why

Regards

Nitin Kumar
+919034777218

Kindly guide me for the following:
A has taken loan from bank & B is the guarantor for that loan. Also at the same time B takes the loan with A as guarantor.

Whether such cross guaranteeing is allowed?

Dear All,

I have a query regarding TDS on purchase of Flat from investor, wherein the buyer will make payment to investor about 90% of consideration for assignment of flat rights & remaining 10% will be paid to the developer.
The Agreement will be made between Developer & Buyer for consideration above 50lakhs.
As per TDS provisions, TDS to be deducted at the time of payment, however the buyer has made payment to the investor.
Whether buyer should deduct TDS of both investor & developer ? or only developer?

My clients ITR V for ITR of AY 13-14 was received by ITD after 120 days from filing date & this status is shown in his IT login. ITR was filed in time (on 30/07/2013).
This is a refund return.
ITD has given extension to ITR V with refunds but not for AY 13-14.
Will client get refund for delay in ITR V filing?
Or do I have to file a revised return afresh & ITR V again to ensure refund?

Regards

Recently Ministry Of Finance made Press Release for extending due date of filling of quarterly tds return for Q2 To Q4 for 2012-13 and Q1 to Q3 for Fy 2013-14 for government deductor.By this CBDT automatically nullify late fess of 234 E for govt deductor. One of my client is school which is run by 100% govt grant received in form of Salary grant & maintenance grant. Two year back govt DDO deduct tds from salaries paid to staff. but since last two year School has apply tan on its name and deducted tds of their staff. DDO pay cheque in name of "Principal of XYZ Scool ". of salaries paid to staff. All staff of this school is on payroll of state govt and all rules of state education board is applied to this school and its all staff. So in this situation . May i grant relief on ground of this press release ? Please guide its urgent.