Dear All,

Please confirm the procedure of rectification wrong assessment year, which is selected by mistake at the time of release TDS e payment...
TDS e payment is released by mistake against wrong assessment year 13-14 instead of assessment year 14-15...

Regards

hi expert,
A company hired a consultant who
1. Assits in straightening the Accounts Payable process.
2. Liaisions with the bankers
3. Assits CFO on issued addressed to him.

The consultant works in the office from 9 to 6 or 7pm just like other employees.

My question is at what rate TDS should be deducted on payments made to him. (Payment given to him exceeds the TDS threshold limits).

Pls mention the section for TDS.

HOW CAN I MAKE PAYMENT FOR IFRS FROM ACCA UK IN POUNDS (GBP) I.E. 125 POUNDS ????
AS I AM HAVING ACCOUNT IN INR

what date is to be consider when finalisaing the o/s bal as on 31.03.2013 in saving bank account of hdfc bank account out of the "Date" and from "value of date"

Dear all,
i have a qery as below.

my client has bought an agricultural land (since he has RTC in his name). The funds were contriubted by 5 people. The agricultural land is to be converted into industrial land and factory is to be built by 5 people in thier individual capacity.
A MOU has been entered to this extent and the contributions are euqal and the question of profit does not arise. since the land bought in individual name, later it should be distributed among 5 person. what are the consequences of transfer and capital gains.( there is no profit from this transaction and only for convenience the land was purchased in individual capacity.
thanks in advance
satish 9886020201
why no one is responding to my query even after 6 days- surprising

Dear Sir,

I am a CA in practise. One Sales Tax Practitioner was the auditor of a VAT Audit in F.Y. 2011-12. This year I have been appointed as the VAT auditor of the same firm. I want to know that whether it is mandatory to obtain NOC from the previous auditor i.e. Sales Tax Practitioner? I mean he is not CA. So CA Act does not apply to him, but I am a CA. So the act applies to me.

weather it is necessary to pay interest on unsecured loan...?

If yes, then under which section

In case of services covered under reverse charge mechanism where service tax is payable by the recipient, Cenvat credit cannot be used to pay tax by service receiver. Service tax has to be paid by cash only.
Once paid, Cenvat credit can be taken if it is his eligible ‘input service'.
If suppose for the month of may service tax on reverse charge is paid by 5th of June and service tax for output services is still pending and will be paid with interest.
Can we claim cenvat of input services (reverse Charge)on making such payment for the month of may.?

our company is a private limited company and when the company was incorporated we designated a person as director under independent in the year 2010,And now when i am trying to appoint another director in independent category error message showing that independent is only applicable in public limited companies, is there any change in rule please suggest.

A person whose income come under section 44AD but his is income below 8% then his books are going to audit under sec 44AB.
According to 194C whose audit to be done under sec 44AB has to deduct the tds(no monetary limits words has been mentioned.
So a person whose gross turnover below 1 crore have deduct TDS or not?????