Sir,
i have form 16 including form no 12BA in form no16 shown tds 26000/-& 199/- paid by employers, but in 26AS shown only tds26000/- where i shown Rs199/- in itr 1 . I am salary employee Please guide me

Dear Experts :
As i Have deduct & remit TDS on rent paid for the period of 01.04.2013 to 30.06.2013. Now, in RPU 3.5 Version no such code (194I)is showing. How to file the TDS for this 1st Quarter of FY.2013-14. Many experts saying that 194I is bifurcated now. Kindly advice what to do next ?

I am filing my return for the assessment yr 2013-14 I have to pay remaining tax although TDS have been deducted regularly.Should I pay interest also on the remaning tax?

Does section 80tta cover interest on Fixed Deposit or int on savings account like salary account or normal savings a/c?

Sir,
An Assesse has filed his IT returns regularly

unfortunately for the A-y 2012-13 onwards he hasn't file the returns since the representative [Accountant] is prolonged absent ,there is no information about him for the past couple of months.He filed returns for the A-Y 2011-2012.He got signature and Tax amount inclusive his fees also. But no copy of the Balance sheet and other documents like statement of accounts, form V copy is given to the Assesse . Now How can we take opening balance for the year as on 31st March 2012 to file the ITR for the succeeding years.Is there any options from Income Tax website. Please clarify.

What are the best options available to commerce student for better career after passing out 12th ?

For the financial yr 2012-13
TDS deducted on Bank FD at 10%. I am in 30% tax bracket. The balance tax to be paid by me is Rs. 4600/-. If I pay this amount by 31.07.13, should I be paying any Penalty/ interest.

Hello Sir,

I am struggling with one issue. One of my HUF client has taken OD limit against FD. Now in previous year he used that limit for two purposes i.e. First for personal purpose like payment of RD instalment, LIC etc. and another for lending money to his partnership firm, from where he get interest @ 14.4% p.a. against interest he paid on OD limit @ 12p.a. This issue arise three points:
1.FD Interest
2.OD Interest
3.Interest received from partnership firm.

As per me FD interest is totally taxable.
As regards to OD interest and income that he earned due to such expenditure should be net off as per sec 56(iii) as it was incurred exclusively for earning such income.

Please advice me and if possible make it detail.

Could you plz tell me what does TDS means and how it works.. I m getting lot of confusions on it can any1 clear it.

dear sir,

here by am request you ,
kindly send a good statutory audit checklist which cover all aspects.



regards
harish