Hi.. Can you please tell me the impact of, a Director of a Company being absent for more than 5 times consecutively in Board Meetings of a Private Co.?

we have made prov.for bonus 40000 on 31.3.2013
Bonus a/c dr. 40000/-
To bonus payable 40000/-

(bonus for FY 2012-13)

HR department calculated bonus incorrect. we have paid Actual Bonus to employee 700000/- on 30.10.2013 for Fy 2012-14

30.10.2013

Bonus A/d dr. 300000/-
To Bonus Payable 300000/-
(bonus for fy 2012-13 )

Bonus Payable A/c Dr. 700000/-

To cash/bank 700000/-
(bonus Paid to employee )

Please tell me bonus payable 700000/- is allowed Or disallowed in FY.2014-15
as per income tax act.

What happened when . Don't do a gmcs 1 in a year

TDS returns are now processed by CPC TDS. There is no option for applying rectification online. What is the way to apply for rectification for an order passed by CPC TDS. Can assess go for appeal against such order.

Hello Experts,

I have a query relating to the TDS on sale of immovable property. The sale consideration is over Rs. 50 L and I am aware that the buyer will deduct 1% as TDS and will need to pay this online.

However what is not clear to me is how will the seller treat this? Can this be adjusted against long term capital gains tax or is there any provision by which i can receive a refund from the IT? For example from the sale proceed I purchase another immovable property of similar value how can the tax already deducted be treated? Will I be eligible for a refund?

Secondly what if the buyer does not provide the certificate of TDS even though he deducts this?

Many thanks.

RECENTLY I FILED MY ITR 4 OF BUSINESS FOR F.Y.11-12.I HAVE QUERY-
1.WHICH DOCUMENTS SHOULD I SUBMIT TO BANGLORE CPC
2.IS IT NECCESARY THAT ITR SHOULD SIGN BY TAX CONSULTANT OR C.A...?..OR SELF ATTESTED IS ENOUGH OF ASSESSE.
3.AFTER SUBMITTION OF ITR TO BANGLORE WHAT IS THE NEXT PROCUDERE

my client is running a garments business (export and Domestic sales). he wants to split of his business into 100% E.O.U and 100 % domestic sales. he wants the name should be same for the two business. my doubt is whether it is possible? whether two TIN can be obtained for the same name? or any prudent idea for this situation?

My client, an individual, pays service tax on serivce of renting of immovable property & files the return accordingly.

During the month of Dec'13,such individual obtained the legal opinion from advoctes who required the individual to deposit service tax as receipt by giving the following line:

Please note Service Tax, EDU. Cess and SHE Cess liability as Service Recipient in terms of Clause I (A) (iv) of
Notification No.30/2012-ST dt. 20 June 2012.”

Please tell under which code service tax will be deposited & whether any changes would be required in service tax registeration if yes what is the changes and procedure.

Please tell if the bill amount is Rs. 10000/- how much will be service tax and what are the other formailities to be observed.

Dear sir,

As per Partial reverse charge( in the case of supply of man power) 25% of S.T should be paid by the Service provider and balance 75% of S.T shoulb be paid by service receiver.

If the service provider raise the invoice as follws:

Security sercive for month - 1000
Add: Service tax(1000*12.36%*25%) - 30.9
Total chrges - 1030.9

Here we have to deduct Tds either on 1030.9 or 1123.6(1000*12.36%)?

What is the status of DTC Bill, which is going to replace the Direct Taxation Scenario in India. I read back in October that Mr. chidarambram was presenting the bill in winter session, but it wasn't presented. So i want to know the status of the bill, can when can we see the DTC Act to be passed and implemented. Again is there any rare possibility that the revised Act will be applicable for CA FINAL Examination wef Nov, 2015 exams. Thanks