as per this section the buyer has to deduct the tds if the sales consideration exceeds rs.5000000. so my query is that if their is a joint buyer purchase a house property for rs.9000000 still they have to deduct the tds

Respected Sir,

I have completed my articles of 1 year and 2 months as on the date and i have completed my IPCC both groups. I have registered for CWA Inter and have got the permission from ICAI institute by submitting the prescribed form.
My doubts are
1)Am i eligible for industrial training after completing 2 years of article training along with CWA ?
2)In general i am eligible to write my CA final in MAY 2015. Can i write during my CA Final exams during Industrial training if i am eligible to do industrial training ?
3)During articleship we are eligible to do one additional course.Does industrial training comes under additional course or is it a substitute of articleship?

If we have wrongly twice paid the tds adjusted in next month eg 7.5.13 adjusted for May month in deductee sheet of quarterly statement whether in date of payment or credit or the date of deduction. I have to mention 7.5.13

Why tds is not deductible on service tax portion in case of rental payments?

what is the logic behind that?

hi, i want to ask a question that i have given 5 attempts for ipcc 1st group but i didnt able to clear it should i go for icwai or make some more efforts for ipcc plz help me.

Sir,
Kindly clarify whether money gifts (whether cash or thru chq.) given to the donee in a particular accounting year and shown as assets in the balancesheet of that a/c year are carried forward and shown as assets in the balancesheet(of the donee) of the successive accounting years also ? Carry forward of immovable assets is the rule but what about cash gifts.I am asking because cash gifts received in an accounting year can be spent in the same year then whats the use of showing it as an asset in the successive a/c years.

Please reply
Thanks

Dear Madam/sir, I want to form a an educational institution as a private limited company. We would like to use National leaders name as a part of the company's name. For example, Nehru, Mahathma Gandhi etc.. Is there any legal restrictions for using such names. Please guide me. Thanks and regards, Prasanth

I m currently running firm which has selling and buying metal scrap as nature of business in mumbai. Now I want to expand our business with different product like bring tea from other state and sell in mumbai. My Query? 1-Can I use my current firm CST no to buy the tea from other state and sell it in mumbai. But current firm has different nature of business .I.e.as stated above metal scrap. 2-If no what is the procedure or formality to start tea business on same firm name.

Respected Experts and Friends
I request the experts of caclubindia to once and for all settle the issue whether FNO Trading is speculative/non speculatice/can be both. I have been trying very hard to be clear in my mind about the above question but to no avail. Many CA's I have interacted with opine that it is speculative. I have read many articles which say the all FNO trading is non speculative wef 01/04/2006 by virtue of amendment to section 43(5) by Finance Act, 2006.Some say that intraday fNO trading is speculative while non intraday FNO trading is non speculative.
Kindly give a view which is acceptable to the IT Dept or at least the higher courts of the land so that even if the dept doest agree the assesse may successfully escalate the matter before superior courts and does not waist his or dept's time and energy.
Please respond positively
THANKS IN ADVANCE

whether correction statement has to be filed after paying interest on late payment of tds u/s 201(1a) and SECTION 206C(7)with challan no 281, under minor head 400, of Q4, FY 2012/13