If i wrongly deducted TDS more than actual for the Last Quarter of 2013-14.And it is adjustable.So what would be the TDS Payable amount that should i make show in Balance sheet for year ending 2013-14.Is it be on actual basis or the amount which I've deducted earlier.

Whether revised schedule VI is applicable in branch accounts and departmental accounts i am asking this because in institute study material it is given in old style (not following new format, making the trading and p & l A/c not statement of p & l)but many teacher like Praveen Sharma Sir is using new format i am little confuse about it what to do because by following new format how will we give journal entry of trading accounts...

Dear Sir, myself Savan Kasliwal.

My query is " I have borrowed loan from Non-banking Financial Institute of Rs. 3 crore in Pvt. Ltd. Co." I am paying more than Rs. 4.00 lac per month as an Interest.

Whether any TDS shall be deduct against the interest amount?

If TDS shall be deduct, please answer with valid evidence like under which section of Income Tax Act?

If no then also provide valid legal justification.

Awaiting for your positive and prompt reply.

Please do the needful at the earliest.

With Best Regards,


Savan Kasliwal

hi there. thank you all who are solving queries of mine. i want to ask that i am working as a cuatomer service manager. i want to think to resign now because i am preparing for cs executive and appear for dec exams. if you can suggest me about my decision. am i right or wrong. should i continue? pls help me to take decision.

please tell me a difference between work contract services and construction services..regarding service tax..

can AGM be held on sunday if a resolution is passed in which all the shareholders agree to the same .

Hello Sir,

Few months back i had applied for Expert.
& from that date i am showing the message as i am expert or my Application is still pending.

so for this issue what should i do.

Please Reply

Thanks

HI,

I am working in a firm in accounts department on professional basis

i receive rs 20000 pm ie. 240000 pa on which tds is deducted under 94J.

after claiming various expenses, around 40000/-, i am claiming my net income around 2 lakh

Can i file IT Return using ITR4S.

i dont have any other income except small amount of bank interest about 5000 for full year

Dear Sir/Madam,

Can loss of proprietorship business be carried forward and set off against profits of partnership business? If so what are the conditions to be satisfied ?

If an assessee have a house property as a asset in his business and rented out the same.Assessee rented the same property during the year and claims standard deduction @30% on it.whether assessee can claim depreciation from business income also?
case 1: it is not put to use in business of assessee
Case 2: it is used in business by assessee during the year