If TDS is wrongly deducted twice for a particular deductee in the same quarter w.r.t. a single payment by the deductor, before filing of TDS return, how can one rectify this mistake for effect in the same quarter? Can it be done under the OLTAS scheme mentioned in the NSDL site? The TDS was paid online.

One of our client has sold a Flat on Feb, 13 and earned Long term capital gain of Rs. 52 Lacs. He has invested Rs. 50 Lacs in the bonds in Feb, 13 u/s 54EC. Whether he can get the benefit of exemption of the remaining 2 Lacs in the FY 2012-13 if he invests 2 Lacs in July, 13

I have filed form 23B on 18.12.2012 for the period of accounts 2011-12. After that I have not filed the form. Pl. guide me, what should be my step so that I can excuse myself from penalty

Dear expert,

My company (Service sector Industry) sometimes hire car for its employees for conveyance.
can we take input credit of service tax on on the ST liability (40%) that we create to government.

Sir,
Suppose I have 3 FDs in SBI and the interest during the year are 3780, 5750 and 4560 i.e 14090. Can bank deducted TDS on FDs Interest.
If i invested the amt in other branches of SBI or other banks, then what will be happen.?

One of my relative is having a business of photocopying (xerox). He is having a turnover around Rs. 2.50 lacs p.a. and an income of Rs. 0.95 lacs p.a. Is he required to maintain his books of accounts? Please advise.

Resp. Experts,

I want to know that when a person take salary from Two Employers in a F.Y., than who is responsible for deduct the taxand for upto what amount he is resposible.

Secondly if the Employee not provide the detail of salary from previous employer, than how we have to calculate the TDS.


Thanks

Ajeet

Dear,

Please tel me correct & simple definition of VAT.

Regards,
Sankararao.T

sir..
i joined in articleship on jan18 on sent forms in february ,but till now i didn't receive articles registeration letter from icai ,when i called them they told wait for 10 days we will get it done.but i took vacated from old office on 28 june and joined new firm on 1 july now i have to wait till i receive my ART REG. letter to fill 109 re-register in new firm by103.

MY CLIENTS HAVE DEDUCTED TDS ON AUDIT FEE PROVISION MADE BY THEM. BUT I MAINTAIN MY BOOKS ON CASH BASIS (ALLOWED FOR PROFESSIONALS). CAN I CLAIM TDS IN THE SAME FINANCIAL YEAR OR SHOULD I CLAIM IT IN NEXT FINANCIAL YEAR WHEN AUDIT FEE IS RECD BY ME.