my fnd who is not a CA is going to make site for income tax return filling by him. Going to advertise this site on just dial. Can he do so??? Is there any statutory obstacle if he present himself as ABC TAX CONSULTANT???

Hello,

I want to ask is I got a Liability to deduct TDS when :

I had mad a payment of Contract to 4 different parties Rs.20000/- so the aggregate amount of payment reaches to 80,000/- which is more than 75,000 but to different parties .. Whether I have to deduct TDS?

Thank You

our client booked one flat for 1 crore, he yet not obtained possession of it, however he paid Rs.70 Lakhs for the same,and deducted TDS as well on the payment of 70Lakhs. now he wants to sell off the flat for Rs. 80Lakhs to one of his friend, so my question is whether his friend is liable to deduct TDS on the payment of 80 Lakhs to our client.

reply, asap

when i filed the revise return u/s 20 (4) (b) they ask for annual period return but client is covered under quarterly return so what is the period for revise return u/s 20 (4) (b) for the f.y. 2012-2013 ?

whether TDS is liable on payment made to Interest on loan to bank under section 194A?

whether interest on partners capital balance is disallowed on the basis of provision for interest on partners capital balance though provided in the partnership deed but not printed in the partnershipdeed on account of genuin printer setting error.

I am working for a private limited company and the directors want to increase the authorized share capital and make some change in the main object clause. There are two director in the company holding 92 % shares and and 4 shareholders with 8 % shares. A shareholder with 2 % shares is against these changes. Is it necessary to send the notice for passing resolutions and whether his presence is necessary for voting rights while holding general meeting. Plzz help

Suppose, I have a housing loan that I am repaying for half year; and then I am refinancing that loan from another FI. My question is which principal amounts will be eligible for deduction U/S 80C. There are 3 principal amounts here:
1) The Principal amount paid of the original loan from EMI (which will be allowed)
2) Prepayment of Principal using the money from Refinance
3) Monthly principal payment for the Refinance Loan from EMI

So, out of 2 and 3 which will be allowed as deduction U/S 80C?

HI all,

Wealth Tax return of FY 2010-11 has not been filed so far. Now sec 15 of the Wealth Tax Act states that belated return can be filed upto 1 year from the end of the relevant assessment year, which means in this case FY 2010-11 wealth tax return could have been filed till 31-3-2013. But since the assessee failed to file the return can he file it now ,if yes then under which section? OR should he wait for some notice from wealth tax authorities for non filing of return,

Thanking you in advance

Hello sir,
i have filed TDS returns for 3rd quarter of FY 2010-11. on downloading consolidation one challan showed as overbooked, i have checked with other quarters but no where i have given the same challan and the challan details given in 3rd quarter are checked they were correct. Please rectify me with a solution.