My doubt is whether hike in rent, adjusted to rent deposit with retrospective effect will be considered as rent for which TDS has to be deducted?
That is, as a tenant pays me Rs 4.5 lacs after deducting Rs 1.2 lacs for hike in rent and Rs. 0.3 general maintenance. Total deposit paid at the inception of agreement was Rs 6 lacs.

Dear Experts,
Our company has given the gift of Rs. 12000 to one of the employee. Pls clarify weather only 7000 will be taxable or full 12000

Also quote the rule or any circular in support of the same?

Regds
Anmol

as per sec 80TTA we can take deduction of interest on savings other then time deposits , so is it necessary to include the the same interest in saving GTI ?
what happens in piratical life as well ?
do people include the interest in their GTI or they just take the deduction ?

From where do we take risk free rate for valuation of options.

hello sir
Thanks for your previous message.Sir i would like to know how to apply through online for verification.because online is always better and even icai is also expecting online services.I tried in doing so but couldnt find it.So please help me sir.
My email id - themethrock7@gmail.com
Thanking You

Yours Faithfully
Sai Abishek.S

hello sir, my query is about tds. I want to know that in proprietorship firm sale turn over over 5 crore. and we give commission on sale. than we should passed entry yearly or quarterly and TDs deduct yearly or quarterly..plz help me out.. thanx

I am taking cash as a gift deed from my father? Is that should registered in sub register office?
2) how much limit i can take as a gift in cash?

SIR I have received maturity proceed amounting to RS 12 LAKHS from LICIon August 2016 and the amount is directlt credited to my Bank.I have made a F/D of 12Lakh out of that amount .Will bank notify it to income tax department through AIR.

I made a mistake while selecting the assessment year while paying th self assessment tax for the A.Y -2015-16. Can this be corrected now if I write a letter to Assessing offices. The OLTAS website mentions that it needs to be corrected within 3 months ?

What do I do now? I paid extra tax for A.Y. 2014-15 and tax payment for A.Y.2015-16 is pending .

Sir .I'm accounting a motor company and I'm not getting how to take posting in tally for the iron used for construction of the company..I have bill with me of iron purchased.. pls do someone help me out..