Assesse has lost the old efiling password but knows the answer to secret question. By providing such answer, he is able to successfully update his password and the message for the same is shown. But when he tries to login using new password, his old password is asked along with the new one?

if vehicle hired for passenger, then reverse charge (Rent-a-cab) will applicable. but in this case vehicle hired for transportation of goods. so reverse charge (Rent-a-cab) will not applicable.

and in case of GTA: contract entered for transportation of goods from GTA. and contract note/GR issued by GTA. then reverse charge under GTA will applicable.

but in case where vehicle is hired for transportation of goods, then reverse charge will not applicable. so service provider will liable for payment of service tax.

whether above statement is right or not. please advise.

I AM A DIRECTOR IN PRIVATE LTD.CO.WITH 15% SHAREHOLDING THERE ARE OTHER TWO DIRECTORS WITH 15% AND 48% SHAREHOLDING. THE OTHER TWO DIRECTORS HAVE APPOINTED SOME OUTSIDER TO RUN THE WHOLE COMPANY WITHOUT MY CONSENT AND KNOWLEDGE. BEING A DIRECTOR WITH 15% SHAREHOLDING THE PERSON WHO IS APPOINTED TO RUN THE WHOLE COMPANY BLUNTLY DENIED ME ANY INFORMATION REGARDING THE COMPANY RUNNED BY HIM AND TELLS ME THAT IF I REQUIRE ANY INFORMATION REGARDING THE COMPANY I HAVE TO ASK THE OTHER TWO DIRECTORS WHO ARE NEVER AVAILABLE.HE ALSO TELLS ME THAT I AM NOT ALLOWED TO CONTACT ANY PERSON WORKING IN THE COMPANY FOR ANY INFORMATION OF WHOM I AM A DIRECTOR AND A SHAREHOLDER AS HE HAS BEEN GIVEN FULL AUTHORITY BY THE OTHER TWO DIRECTORS.

is there any changes in material for 2014 nov exam of inter?

can a Tds credit taken by a deductee, if deductor deduct tds on commission income but not deposited same, even upto due date and not able to deposit evenafter.

Can deductee, take a stay on above tax?
pls reply the consequences for same.

Sir,
Expense relating to lunch, coffee and guice provided by company to Managing director on occasionally . does this expenses will be allowed as expense to company and under what expense head to be account. Dues business promotion exp. head is proper or not.

Dear sir, 13/06/14

I was investing every month Rs.2000/ for last 5 years in ICICI Pru life product. I was also geting deduction u/s 80c for this premium paid every year I withdrew the total amt in 6th year.I received 45000/- more than what i paid as a premium over 5 years.How i am required to calculate tax on this Rs.45000/-

with regards

Rajanikant Raval
MUMBAI

It is known that interest on late payment of TDS is 1.5% pm or part of month from the date of deduction to the date of actual payment. Now, my doubt is if an assessee deducts tax on March 31. The due date for payment into bank is April 30 but pays on May 8. Whether interest is to be calculated for 2 months ie April and May or for 3 months ie. March, April and May (it says part of month. Whether March 31 is also part of month or not). I received TDS intimation raising demand for 3 months. whether the department is correct or not

Dear All,


Please suggest me a good CTC which helps to save tax at the maximum level.

Shruti Shah

Which are the best edition for ipcc accounting referrences of tulsian books