Mr. A is Having TDS certificates of Rs. 50,000/- for the A.Y. 2007-08 but he has not filed his income tax return for that period.

Is it possible to file the return for that A.Y.?

He is realy to pay Penalty of Rs. 5000/- along with Interest, if any, as applicable..?

We provided service of installing tower of idea celluler.We receive rent after deduction of service tax and tds.The service receipient that is Idea Celluler pays service tax on our behalf.whether any compliance needed from our side in this regard.Pls reply at earliest.

I know what MIS stands for.
Can anyone tell me what kind of reports are prepared under MIS?

I have appeared in may 2010 IPCC exams, if I dont appear in nov. 2010 exams will my attempt be counted?

There are two person i.e. Mr. X and Mr. Y. both having only one Machine each as Fixed Assets. The value of Machine belonging to Mr. A on 1.4.09 was Rs. 100000/- & that of Mr. B was Rs. 70000/- at the same date. On 1.10.2009, they have decided to exchange their machine to each other.There is no other consideration.
Now,what will be appropriate accounting treatment for the above transaction in the books of Mr. A & Mr.B.????(Is their any "AS" prescribed for the same)
Further, is their any capital Gain/loss as per provisions of Section 50 of IT Act,1961 ???

in case there is no employee having taxable salary & company is not making any deduciton for TDS,is still filling of form 24Q mandatory?

Dear Professionals

Please help in solving the following query:

A Company has deposited TDS on Commission and filed return for the quarter ended 30th Sep., 2009 and 31st Dec., 2009.

Now it has come to the knowledge of the Company that it has deposited excess TDS during Sep’ Qtr and Short TDS during Dec’ Qtr. However TDS Certificates have been issued to thge parties of the amount actually deposited.

Please guide if it is possible to adjust the amount of excess TDS deposited during Sep Qtr with the Short payment of TDS in Dec Qtr.

What would be the procedure if it is possible to adjust. And if it is not possible what remedy is available with the Company.

Thanks & regards
CS. Deepika Bhardwaj

In 3.6 years of Articleship how can I Write Work Undertaken in Form No. 108 for Excess 6 Month?

Because in form no 108 there is only space for 3 years for writing Detail of Work Undertaken and Training Received.

Is it correct action of a dealer in Maharashtra to levy VAT on a sale to a buyer who's address is out of maharashtra, by stating reason that, sale is against E-form???

what is the high sea sale treatment in accounts as well as in filing VAT Returns.