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.

maintenace charges paid for flat should be debited to flat shown under investments or should be debited to profit and loss account ???

WE ARE A PVT LTD CO.
PLEASE GUIDE US ON PROVISIONS IN RESPECT OF CASH PAYMENTS.
PAYMENT AGST ANY PURHCASE
TOUR ADVANCE TO A EMPLOYEE.

Dear sir,
I want to know about whether i can submit revised return after receiving intimation u/Sec. 143(1), i was summit original return within time which is prescribed u/sec. 139(1).

you are requested to suggest me what i have to do.

There is any special rate on Tax Computation on Survey Declared income, ex. his totoal Income is below five lakh and his survey income is 50 lakh, then what is the tax, plz explain

Please guide.
I have completed 15 months training but still studying (CS Finals). The same company is offering me the job, so, what should i expect? As m still in finals.

Our company is car mfg. It offer a scheme to employee for free car. Co. pays EMI directly to bank with Insurance charges. It shows emi addition & deletion in salary slip.Employer born the TDS on this emi amount & add the TDS part on this EMi amount in salary again. Pls guide whether this extra tds on emi added in salary is exempt to employee or not. Also can employer get deduction of this expenses.