as per comapnies act 2013 it is applicable for ca final nov 2014 but related to company audit in new module of audit thy have stil included companies act 1956 provisions and in foot note thy have described abt comapnies act 2013 so for audit exam which provisions should be written companies act 1956 or 2013

whether tds is deductible inclusive of service tax or not , in case of audit fees ??

Dear All

We are having several vehicle /car loan accounts, as secured loan taken and paying monthly installment regularly. Should we deduct TDS (94A) on interest? Any reference/circular No.please?

Vijay Jain

as per comapnies act 2013 it is applicable for ca final nov 2014 but related to company audit in new module of audit thy have stil included companies act 1956 provisions and in foot note thy have described abt comapnies act 2013 so for audit exam which provisions should be written companies act 1956 or 2013

as per comapnies act 2013 it is applicable for ca final nov 2014 but related to company audit in new module of audit thy have stil included companies act 1956 provisions and in foot note thy have described abt comapnies act 2013 so for audit exam which provisions should be written companies act 1956 or 2013

Good Evening All,

I need ur help regarding..one of our contractor worked in civil and mechanical works submitted bill after 4 years (S.Tax 10.36%). We already paid bill amt as advance deducted TDS. We are kraft paper manufacturing unit. Now i want to know can we avail above S.tax cenvat input?

Kindly help me in this regard..

Thanks in Advance
M.RamKumar
99498 40959
Rajahmundry

Hello all
The assessee is a service provider involved in giving machines on hire. He had purchased machinery on which CENVAT input was taken on Excise duty paid and input was utilised against payment of Service tax as per law.

Now he has sold the machinery and proportionate CENVAT credit is to be reversed. We charged the amount in the bill and deposited the amount in cash through Challan to the govt.
Now the issue is that there is no specific column in ST3 where we can show this amount.
The only place where the reversal of CENVAT on capital goods is mentioned is in column I 3.1.3.5 but it takes amount only if there is CENVAT input in the current period, which in this case is NIL.

If we show the amount in Gross receipts column, it is technically wrong because no services were rendered and the returns will not match with P&L A/c for the year.

Kindly advice.

I have erroneously paid tax under 94J instead of 94I. After filing TDS return, I have obtained a notice for short deduction.

Is it possible to change the code on the payment challan or any mechanism by which the matter can be rectified in the TDS return.

Please advice.

a) Is Broadband supplies (with Service Tax amount charged) comes under purview of TDS?

b) If comes then rate of TDS, Section and qualifying amount please?

Thanks.

Hi

I have a question on Capital Gain Tax. Just to let you know that I have very limited knowledge on Taxation and hence require help.

Issue:
I had booked a flat in an under-construction property back in May 2009 at 3,300/- per sqft. I was promised possession in 2012, however, as many other builders did, mine failed to keep their promise. They however, have confirmed that the possession date is sometime in June 2014.

The current rate for the same flat is at 11,700/- per sqft. I want to sell this flat upon possession this year and invest the same money into another under construction project. Reason being - I am planning to get a bigger flat for my family.

Now, I want to know whether I would be impacted by any Tax and if yes, how much. I would appreciate if anyone can help me out on this please.

Regards
Avishek.