What is the maximum no of Directors that can be appointed in a private company ?

Whether practicing cost accountants have the authority to sign on tax audit. i heard that a cost accountant can make tax audit of a company or firm which having turnover up to 10crores.

NRI is selling a property to Resident Indian.
Is the buyer liable to deduct TDS for F.Y. 2013-14?

If yes, What is the percentage of deduction & What is the monetary limit for such deduction?

Thank you.

Hi,

One of our clients, who is an individual received 1st Reminder Notice (Intimation already received in last year) from Income Tax Department to pay outstanding Tax Liability. After verifying his records his previous returns it was found that his Original Return was wrongly filed.

I need to apply for rectification of his IT Return for the AY 2010-11.Can anybody tall me the procedure for the same?If we need to update his revised records in the fresh ITR 1 which section I need to put in the column “Return Filed Under Section” (u/s139(1) u/s142(1) u/s148 or u/s153(A))?

Please advice.

Thanks.
Gireesh

Dear Sir/Madam,

We, autonomous body, have appointed some contractual scientist as employee under "Contract for service" not on " contarct of service".

Now my question is whether TDS is deductible from them under 192 (Salary) or 194J ( Professional services) or 194C (Contarct).

Kindly explain in detail.

Thanks

which date i can efill my it return for fy2012-13.?

An assessee has two businesses, one has turnover of Rs. 99 lakhs and other has turnover of Rs. 5 lakhs. Will it be covered under tax audit or not?

Can anybody provide guidance on filling up new Form 15G plz..as some columns are not clear, what to filled up therein.

What would be the consequences of late payment of deducted TDS.....
Say TDS of Rs 8000 was deucted on 10.05.2010 and the said amount was deposited to the credit of Central Govt on 10.03.2012......
What will be the interest, penalty & Prosecution(if any) and under which section???????

hello everyone..

I have a query regarding recognition of revenue when completed contract method is followed in construction contracts..

Till the date of completion of the buildindg all the expenses were transferred to WIP a/c and was shown as Capital WIP and nothing was recognised in PL a/c.

Now when the flats are ready for sale after completion how the income would be recognised in PL a/c????

plz give ur suggestions..
thnx