Anonymous

Bank had charged excess interest of Rs. 1,68,000 on CC Limit till 31st march 2014 from ABC Limited. After complaining, they refund the same in may month. How should we treat the excess interest in our books for the financial year 2013-14?


Guest
11 July 2014 at 15:23

Finance bill

THERE IS NO MENTION OF ONE PERSON COMPANY TAXATION IN THE FINANCE BILL THEN IN WHAT STATUS WOULD THE TAXATION SHALL BE MADE



Anonymous
11 July 2014 at 15:23

It return

My brother is labour contractor of electrical work. Pls give me code no of Nature of business.
He is not file IT return for AY 13-14 & he have refund in this AY. can he get refund if he file return with in this month


Jigar Chudasama
11 July 2014 at 15:20

Accounting of tds

Dear Experts,
Hello,
My query is
An assessee who is individual has paid some amount say Rs. 150000/- to a builder from whom he is going to purchase a residential flat. On this payment he has deducted tax @ 1% amounting to Rs. 1500 and duly deposited with government.
How to account this Rs. 1500, which is deducted tax by individual, in his books of accounts i.e . in the books of purchaser of residential flat?/
thanks in advance..


bittu
11 July 2014 at 15:15

Default in articleship registration

Sir,I am just close to complete one year of my training ,but I am not registerd with icai due to termination/completion of old article under my principle.GMCS-1 is required with in one year.what I do?my registration no is CRO0351064.
My principple membership no is 051530.


Jayesh Bakhai
11 July 2014 at 15:02

Capital gain

I am owing three residential property. I am selling one residential property and sell proceeds is use to purchase another residential property. could i get exemption u/s 54 on long term capital gain please help


CA.Ritu Agarwal
11 July 2014 at 15:00

Intercorporate loan

Hello...

Is there any limit for a company to give loan to any other company.


Kapil Kumawat

If june month tds deposited more than actual tds liability. what is the solution now? TDS deposite in sec 194J.


Aparna Sharma
11 July 2014 at 14:54

Directors

In a Publc Company, total 7 directors out of which 3 are Independent directors & 2 are MD & WTD. As per Sec 152(6) atleast two third shall be retiring directors. kindly suggect the calculation.


Srikanth Sairaman
11 July 2014 at 14:52

Tds

Hi,

We have not deducted TDS u/s 94J for Jul'13 transaction, hence he is the first time vendor and the Total amount is 18K only so limit not crossed. After few months we did some transactions with the same vendor for 3 Lakhs for that we have deducted tds correctly, but we missed to deducte TDS for Jul'13, as per rule we have to deducted TDS for the begining tranasction also at the time of crossing the Limit.

Now we are ready to pay the TDS amount + Interest

My Query is after making the payments we have to file the Revised return for FY 13 - 14 Q2, I that i need to add the Payment challan and I need to give the break up in Annex I, if i show the breakup in Annex 1 means that TDS portion will reflect in that Vendor 26AS, whether we have to recover the TDS amount for vendor or we have to leave it hence the mistake of us?
Kindly helpme in this issue.





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