Sir/Madam,

A Sale is made during FY 2011-12 and the said sale is returned in FY 2012-13.
What is the accounting treatment to be made in line with provisions of The Income Tax Act, 1961?
Please provide case laws, if any.

Thank you,

Sec 194-IA requires purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more, to pay withholding tax at the rate of 1% from the consideration payable to / seller / transferor.

Form 16B is the TDS certificate to be issued by the deductor (Buyer of property) to the deductee (Seller of property) in respect of the taxes deducted and deposited into the Government Account..

Buyer or Purchaser of the property is not required to procure Tax Deduction Account Number (TAN).

Form 16B is required to be downloaded from the website of Centralized Processing Cell of TDS (CPC-TDS) www.tdscpc.gov.in.

Does anyone know the procedure of downloading this Form 16B from TRACES PORTAL?

Suppose i am second stage dealer i paid excise duty on my purchase and i sale the same to whole seller and retailer also how i impose the excise cenvat on it whether it is applicable or not if yes then how and if no then how i get refund the excise which i paid two first stage dealer.

In form 16 tax payable is zero. Is it mandatory to file ITR 1 for AY 2013-14 ?

Our company has engaged/hired vehicle for on monthly rental basis from individual service providers.

Is reverse mechanism is applicable , while making payments and how value of service to be calculated?

Service tax provider being individual ,so they are not adding any service tax.

what is cvd and its meaning

Generally how much time does it take to unlock an account in TRACES when it was locked??

If a person has received income from rented house property of Rs.2,20,000. So TDS can be deducted on this rented house property? If Yes then under which Section

SIR/MADAM
I AM IN A CONFUSED STATE
I APPLIED FOR ARTICLESHIP FOR A REPUTED CA FIRM (WITH 12 PARTNERS AND GOOD EXPERIENCE) IN HYDERABAD THEY SAID THEY DONT HAVE VACACNY.BUT THEY TOLD ME THAT ONE VACANCY IN THERE BRANCH IN KARIMNAGAR(A TOWN IN AP).
NOW MY PROBLEM IS WHETHER TO JOIN BRANCH OR NOT WHETHER I GET THE SAME EXPOSURE OF AUDIT WORK AS IN HO OR NOT
PLSSSSSSSSSSSS HELP ME

As per THE BUILDING AND OTHER CONSTRUCTION
WORKERS’ WELFARE CESS ACT, 1996, 1% of the cost of construction is paid to the Government since 5th day of November 1995.

My query is what about the period before 1995 ? Is any cess payable on building under construction as on that time or the building already constructed by that time ?

please provide guidance with sufficient clauses and notifications.