INTEREST ON SB A/C EXEMPT U/S 80TTA WAS NOT CLAIMED AT THE TIME OF FILING I.T. RETURN FOR A.Y.2013-14, FOR ONE OF THE ASSESSEE AND NOW THE DEMAND IS RAISED BY THE DEPT FOR ANOTHER REASON AND WHILE FILING ONLINE RECTIFICATION THIS 80TTA ENTRY IS ALSO RECTIFIED BY ME. AND NOW THE COMPUTATION IS REFLECTS WITH THE REFUND AMOUNT OF RS.1450/-CAN I PROCEED AND SUBMIT THE RECTIFICATION OR NOT? IF I PROCEED THAN THIS REFUND CAN LEAD ANY ERROR FOR FURTHER ASSESSMENT PROCEEDINGS. PLEASE GUIDE ME?

hi friends,recently i cleared my IPCC group 2,my final attempt is on Nov 2015.i got the information the CA syllabus going to be changed from 2016,so pls suggest me that i prepare both groups or single,is any know now many subjects are going to be changed.i am wierd.pls suggest me my dear friends....

An assessee buying material by paying 13.5% vat input and after porcessing it sell the processed material for an output VAT @5% , and eventually he does not incurr any VAT liability at the end of the month or quarter.

What is the correct course of action in that situation because INPUT TAX CREDIT is always higher that OUTPUT TAX. Does he entitled to REFUND of the input tax or he has to Write off the excess INPUT TAX CREDIT from his books of account??????

Sir

I have enrolled for cs executive (old syllabus) in Dec 2014 only Modul -1.

I want to know that after passing the Modul-1 (old syllabus) which subject i have to study of Modul-2 under new syllabus for June 2015 exam.

Kindly provide me information

How to check whether the Employee deputation charges charged by the Holding company to the subsidiary company is at arm length price (or) not? If yes then please tell me how to do.

Hi,

The company is into water proofing,treatment of expansion joints and such other works for existing buildings. On what portion of the total value charged would service tax be computed?

Will the rate change if the above works are done for new constructions?

Thank you.

Sravani P

Sir,

Our Contractor Deposited on our Behalf some govt security challan such as electricity bill, security deposit for electricity connection.Please advise if we paid that amount TDS deducted or not and under what provision

Dear Experts

we have purchased goods from outside state against form C 2% CST RS 1820.00. We have sold goods under output tax VAT Rs 130000 & CST Rs. 97000.Now my query is that can i adjust this input tax Rs 1820.00 against my output tax VAT & CST amount?

How Much Interest is Taxfree ?

Hi,

Deemed dividend concept says that if company has granted loan to a director, it is treated as deemed dividend even if the loan is repaid before the year end.

Now my question is, if the company has taken a loan from a director first and then the company is repaying the loan before the year end. Then are those payments treated as deemed dividends?