i am working as a ugc lecturer . I am a qualified chartered accountantas well .my direct teaching hours in no case will be more than 18 hrs in a week. So i would like to know whether i can do full time ca practice while i continue in my present job as a teacher.

I TOOK A TERMINATION AFTER MY ONE YEAR OF ARTICLESHIP I'M NO MORE GOING TO CONTINUE MY CA SHOULD TAKE THE APPROVAL OF INSTITUTE OR JUST SUBMIT FORM 109?

Can anybody tell me what is the difference between section regardin TDS on Rent 194I(A) and 194(B).

if i have paid challan continuously in old code up to present date. therefore i also have return filed in 2nd half of 12-13 f.y. accordingly then after we have found challan error and i have seen that error after 90 days.
please help me as soon as possible

M/s XYZ Ltd being a mfg company paid freight charges on purchase which is included in purchase invoice to M/s ABC(from whome goods have been purchases)
M/s ABC paid freight charges to transporter.
Is M/s XYZ ltd eligible for cenvat credit of service tax paid on freight.

Dear Experts,

My Jurisdiction in West Bengal and filed return for A.Y. 10-11 from Delhi manually. But I haven't recd my refund till date, I contacted with Delhi Income Tax Department and they replied they are unable to release refund until Jurisdiction changed to Delhi.

Please tell me what is the Procedure to change Jurisdiction to Delhi.

Thanks for your response

Sir

One of my friend is a contractor. He has given some work to his sub contractors. Contractor has deducted tds of sub contractor @ 1% individual.

while making payment he wrongly mentioned assesment year as 2013-14 instead of 2014-15

so, what he did is he paid another challan for F.Y 2013-14

No , he wants to ask for tds refund of wrongly paid assesment year.

So,

What is the procedure . To whom he should apply. And whether the same copy should also be forwarded to bangalore because this case is of Goa.

kindly suggest

thanks
sushant

I want to know the Validity of DTA Sale Permission of Para 6.8 (e) full duties in 100% EOU FTP 2009-14.

NEW SCHEME FOR COLLECTION OF INDIAN TAX.

Friend’s Indian economy has the third place in whole of world, and is in growing phase. Indian economical structure are running through the collection of revenue by Indian Government from different sources like collection through levies of different tax or Government engage in different business activities. Collection of Indian Tax is so Important for Indian economy that it give heavy contribution to reach upward to Indian economy i.e. most of the collection of Indian government is arising from Indian Tax system, but this structure is so complex that normal tax payer’s are unable to understand this because of the following;
1. Fulfillment of various tax compliance like payment of tax on due date, filing of tax return on due date and produce various information and documentations before the authorized officer as require by him.
2. Amendment in legislature from time to time to fill up the low fall and insertion of new explanation & section, due to this it is difficult to update for every tax payer and they fell burdensome and don’t make 100% concentrate in their business/profession.
3. If a normal business man conducting business innocently, it is not possible for him to aware all the legislature which is levies on transaction occurring in his business and he has to spend lots of money for hiring of consultant.
4. Heavy expensive structure, because Indian Government spends almost 16% per year in the process of collection of Indian Tax Revenue.
In order to remove these inconveniences I have an idea in my mind to make easy this structure which will be easy to follow and simple to understand. There will be no need to follow various formalities by tax payer from time to time and neither requires spending more time and money to comply provision of various nor need to spend various expenditure by government to collect tax.

PROPOSAL
Government of India should adopt a process for collection of tax through banking channel.
The following process should be adopted.
1. For the removal of black money it will require to stop the transaction in cash i.e. make a scheme for conducting all the transaction through banking channel which is exceeding Rs. 3000/-
2. Give the instruction to Indian Bank to deduct tax @ 2.06% on each transaction (except exempt transaction) and remit the remaining balance to the beneficiary.
3. Further make the bifurcation of deducted tax into the following.
i. .70% Secure for Central Government.
ii. .70% Secure for those States Government in which beneficiary of transaction are conducting business\profession.
iii. .30% secure for Education sector
iv. .30% Secure for agriculture sector
v. .06% for Banks for its management purpose


The following are the exempt transaction.
1. Transaction is occurring for agriculture purpose.
i. Transaction for hiring of agriculture land
ii. Purchase various fertilizer by agriculturist for growing
iii. Sale of agriculture product by agriculturist.

Please provide me the information about tds, we are pvt ltd co. incorporated in this year, so we should return file tds quarterly or annually.

Note : we are not deducted any tds till today .