what is treatment of loss due to vacancy if the house property is vacant for the whole year?

Sir,
One my Client (Govt. Contractor) who gave me his details of Income & Expenditures with TDS Certificates for the F.Y. 2010-11.
Accordingly, I prepared his return & uploaded online in June, 2012 (Under Section 139(4), where his tax was Refundable around Rs. 14,000+.
He later got the refund Cheque in Sept, 2012.
Now, he has informed me that another office from where he got some payments and TDS was there but the office did not put his PAN in their E-TDS Returns and so, he could not get the Credit and did not mentioned about the payment & TDS. Now the office Revised the Return with his correct PAN and Credit comes to his Form No. 26AS.
So, now how to handle this ? It should be Revised where after calculating Income & Expenditure, some amount of TDS to be Refunded.
So, how to claim as one time refund received.
Plz Suggest me.
My e-mail ID is eitcs.online@gmail.com

Can a buy back of shares be made for purchasing directors shares along with other share holders share ? ( Director is holding 95 % of shares )

What is the procedure for making buy back and please provide the formats for related documents ?

Assume it is a PRIVATE LIMITED COMPANY

Suppose I am selling a product @ Rs.10000/- to end customer(inclusive of VAT) but to secure the due we have a tie-up with a finance co which provides EMI facility to customers & provide us Rs.9500/- net after deducting his charges Rs.500/-
Q-1.)At what amount sales to be booked Rs.10000/- or Rs.9500/-
Q-2.)On which amount VAT is to be paid?
Q-3.)Journal Entry for the same.....

Thanks in advance.....
Please guys reply ......

(Sharing is Caring)

Can Itr 4s can be filled for labour job income? if it could be than how profit will be calculated?

Sir,

My brother is doctor. He is not practicing but he visits hospitals and clinics and he get professional fees from there. So this professional fees will be charged under head income from business or profession or it will be charged under the head income from other sources.

If it will be charged under income from business or profession then can i file a return U/s 44AD @ 8% on gross receipts.

Thanks

I want to know what will be income tax on 5 years Tax Savings Bank Fixed Deposit.

Will it be a long term capital gain or will it be treated as normal income.

Thanks

Hi,

Pls tell me in details the complete process of tds computation on salaries head with an example.

Regds,

Dear Expert,

My friend wants to create HUF.
He wants to apply for HUF PAN No.

Pls tell me that is there any requirement to furnish a affidavit made by karta stating name of fathers and his coparcners.

Pls provide me the format for affidevit so that we can help him in this matter.

dear respected sir
I prepare p/l a/c and b/s first time, hence
I provide foolowing particulars for p/l and b/s please advice me its ok or not
particulars p/l a/c:
total commission income=397434 expenses:
conveyance exp=23855, salay to staff=26400
depriciation on car@15% on Rs=344960=51744
intarest on car loan=23355, priting and stationary=4984,lic premium paid=13957 and
net profit=253139.
and b/s particulars
assets side motor car=344960-51744(dep)=293216 motor bike=55200, house hold goods=32565, current assets=118939,bank balance= 28129cash=42564. liablities side= capital a/c= 297119+253139-210000(ob+surplus-drawings)=340258 car loan a/c=280000-73000+23355(loan-emi+intarest)=230355 total assets/liablities=570613. please advice me its correct or not. thanks......