We have rented our place to one party from whom we have taken Rs.63 Lacs as refundable security deposit.

For last 3 months we have not received rent from them and now party told us to adjust the same from deposit and refund balance deposit to them.

Rent fixed Rs.700000/- p.m.
serv tax chargeable on rent 86520/- p.m.

We also requested party to deposit TDS Rs.210000 on our behalf.

Pl advise after adjustment of all above how much amount should be refunded to them?

Also told us what will be the entry for serv tax and tds in our books. We will pay Service tax of Rs.86520 p.m.to Govt from our bank which will be collected from party

Kindly advise the above and oblige.
Thanks and regards
Arun

Are transfer cases entertained by big 4's..?
please clear..

FOR THE TRUST AUDIT PURPOSE
Books are audited (vide form 10B) if income (including corpus donations) exceeds Rs. 1,80,000
before claiming section 11 & 12 exemptions.

THE QUESTION IS THAT, HERE THE INCOME WORD MENTIONED ABOVE IS, THE NET TAXABLE INCOME OR THE GROSS TOTAL RECEIPTS? PLEASE GIVE ANSWER FOR THIS.

Plzz help me in prepairing reply of this letter about article registration issued by icai As soon as possible https://www.facebook.com/photo.php?fbid=535289626552476&set=o.206089259429966&type=1&theater plzz sir

Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=391122#.Ul5IW1AwqRd

Dear Experts, I have a trust it don't have any IT registration u/s 12A. And I am collecting voluntary contributions for hostel building from last two years and no any other receipts at all, it is a one of the object of my trust.Whole amount of contribution will be taxble or not ?

Hi all,
One of my Bank client has two customer with same First & Last Name & both are the FD holder of the Bank. One of the client has PAN no but another haven't had any.While submitting TDS Return the Bank wrongly entered the same PAN no,in both FD A/C since the name was same.Now the party with the PAN no.wants to delete the extra Interest & TDS shown in has name since it is increasing his TAX liability the other hand the other party doesn't want to have a PAN no.
And since we cannot revise the return with Invalid PAN,please suggest me how to deal with this issue.And is there any Reconciliation Dept at Income Tax Dept for such issues.

Thanks & regards in Advance

sir tell me other question anwer. due to NIL Turnover firm/Individual have Rs. 22 Lacs Loss(intrest and Dep loss). Can I filed Return U/S 44AB-without auding, 44AD- Prasamptive income and u/s 44AA-without mainaing books of accounts

A pvt ltd company had sold an agricultural land coming in the jurisdiction of municipality. If it buys any other agricultural land, could the capital gain tax be avoided?

An assessee is promised of a remmittence of a sum of Rs 54 crores by a friend of him in England as gift. He wants to know the formalities, procedures, and the approvals to be obtained from various authorities to receive the amount in India . Whether any permission is required from RBI or any other authorities in India and if so provide the detailsat the earliest.

hello

on which amount Tds is to be deducted on salary for f/y 2013-14. whether rebate u/s 87 of Rs. 2000 is allowed for Tds purpose or not. please reply