Dear Members,

please suggest me the next step what i have to do..after refer the following situation

an individual has a business income of Rs.2.5 lakhs and Rs.40,000/- from house property. he was filed a i.t. return after the due date U/s.139(4). yesterday he came to me and said that i have a interest income of Rs/-1.5 lakhs on which Rs.15000 TDS was deducted.

We have deduct TDS @2% under contractor. At the time of TDS return preparation we have realised that party didn't have PAN no. so we deduct TDS @18% because of old 2%+18%=20% TDS deduct because of non availability of PAN No.
i have shown TDS@2% & TDS @18% separatly in TDS return that because of separate Challans. Now i have receved notice saying that short deduction of 2% & 18% TDS.
i want to file revised TDS return but really dont know how to show both the payment togather i.e 20%. Please help me to resolve this issue.

hi CA's...gud aftnoon...am filled IT return of AY 2013-14 on nov,13..dis was my first return which was filled..now,I want to file IT return for Ay 2012-13...is there any time gap to file IT returns of 2 consecutive financial yeras...?? thanks nd regards Nagendra.

we had sale our consignment on high seas to our customer.As per rule the sale invoice value will be cif +2 % eg cif value $ 1000 +20 Sales value $ 1020. Converted in INR as per exchange rate.
Is compulsory sale invoice should be CIF + 2% or we can raised invoice only CIF value our customer will pay custom duty at customs as per rule CIF +2 %

Sir,
I have some doubt regarding my eligibility to appear in my final exams I.e nov'14.
I am registered as an article on 23rd April 2012. So my article completion date will be 23rd April 2015.
Now as per requirement a student serving last 6months of articleship can appear in final exam. So as per my registration details I will be eligible for Nov 2014 exam.
But sir is there anything to do with my leave during articleship. If I am having leave of 5months. Will it affect my due attempt? Or that will be consider in extension period? Pls reply..

Are the below amounts are considered under net taxable income after submitting respective bills.

Medical Bills,
HRA and
Conveyance

I have submitted bills for medical and HRA. My payroll team calculated tax including these amounts also and not shown under any deduction/exemptions

Please let me know whether i can raise this with finance team.

Respected Sir, I have received intimation u/s 154 from tdscpc for the f.y 2011-12-Q4 for late payment interest due to data transfer from nsdl to tdscpc one month interest more calculated in tdscpc then what to do for this queries we have already paid as per tin nsdl default but due to data tfr from tin nsdl to tdscpc interest calculation is differ.

My client has become a LIC Agent.
1.What all books of accounts are to be maintained by him??
2. When Sec 44AD would be applicable? Any Conditions to be fulfilled.

3.Further there is another issue which i want you comment upon
Many of his client deposit premium amount into his personal or sometimes current bank account. He withdraws the amount and pays cash in the LIC Branch. Would this attract penalties as per Income Tax Act.
If during Scrutiny we prove that i had withdrawn that sum and paid his premium would suffice or it would create a havoc.

Need to File form 26 Q1,Q2 & Q3 fy 2013-2014 and the last successful filed PRN is of 26Q4 fy 2012-2013.

as per the traces notification have to mention the PRN of earlier regular statement, so what will be the PRN to file all the three quarters.

very urgent

thanks

Hello,
How many additional articles are permissible under any member of I.C.A.I?