Dear sir

I have incorporated a Company in April 2013 but havent filed any TDS return or deducted TDS till date.

Could you please guide me can i deduct TDS now and also file return now.

There is only one expesnse of Rent, where TDS is required to be deducted in my case while being new company there is no other expenses where TDS is required to be deducted

plz guide me on how to file TDS return now for Each quarter as i havent done any thing from TDS point of view.

Guide me plz.

Thanks

wht will be the wdv if house property is converted into an office after using the same for 3years and 6 months

Dear All,
Kindly suggest me that I have deposited TDS as on 06.02.14 in 94J instead of 94A, now what can I do for rectification?

Thanks & Regards!!

Hello!!

I have come across a serious problem of recording a transaction in the books of accounts.

A tender was made in absence of increase of VAT for a sale to State Government Unit. In fact VAT %age has increased from 4% to 5% in WB. Now Govt has denied making the excess payment of VAT.

May I seek your proficiency / expertise on how to record without directly mentioning Loss in our books of accounts.
Looking forward to hear from you in an affirmative note.

With best and cordial regards

S. Chowdhury

Dear expert,
I have paid lic premium of my FRIEND of Rs. 25221 through internet banking from my a/c.
Then my friend gave me cash.
Can my friend take deduction u/s 80C.

dear sir,

we have provide labour to manufacturing company for maintenance as well as goods loading and unloading purpose so under which category we have to register in service tax so kindly help me ? as earlier as possible

facts : 1)assessee is a pvt ltd co. 2) director and employees, when are travelling, many times use cab services. 3) the cab service provider is a proprietary concern or a partnership firm 4)the bill of the cab service provider does not charge any service tax. 5) bill is charged on per km basis. question : will ST as per reverse charge mechanism apply ?

Interest income from investments in Venture Capital Funds (VCF) The Finance Act, 2012 has amended section 10(23FB) & section 115U of the Income-tax Act, 1961 as a result of which from the FY 2012-13 onwards the VCF (Fund) is eligible for pass through under section 10(23FB) of the Act in respect of any income derived from venture capital investment and the income of the Fund will be chargeable to tax in the hands of its beneficiaries/investors in accordance with the provisions of section 115U of the Act. Let us take the example of a VCF which invests in real estate projects in the form of Non Convertible Debentures (NCD) and for a financial year earns accrued interest of Rs.10,000 for the investor and incurs expenses to the tune of Rs. 2,000 to earn such interest income for the investor. The Fund will obviously distribute only Rs. 8,000 to the investor as and when it receives the interest income. The queries in this regard are follows:- 1. How interest income is taxed in the hands of the investor ? whether on gross basis (ie. Rs.10,000) or net basis after expenses (ie. Rs.10,000 less Rs. 2,000 = Rs.8,000) ? Sec 115U does not make any specific reference to deductibility of expenses. Alternatively can the investor who declares such interest income as ?Income from other sources? in his tax returns claim such expenses as deduction u/s 57 of the Income Tax Act. In the above context it should be noted that the VCF gives annually a statement in prescribed form to the investors, which provides details of proportionate share of interest income due to each investor (Rs.10,000) and also the proportionate share of expenses incurred by the fund to earn the interest income (Rs.2,000). The VCF also files annually Form 64 with the Income Tax authorities in which they only declare the gross income (Rs.10,000 in this example) against the investors PAN number and do not show the expenses. 2. Sec 115U states that the income shall be taxed in the hands of the investor on an accrual basis in each financial year whether or not such income has been paid or credited to their account ? so what happens if the investor has offered the income for tax on accrual basis and a part of this income is not received by him in the later years?

My client is consultant engineer hired by company. Can it is possible, that company pay service tax on behalf of my client. Is there any notification in service tax that company pay 100% service tax. Please provide me necessary information.

Thanks

I took a continue consultancy of rs 500000 for two years starting from f.y. 13-14. In f.y. 12-13 I was not in tax audit limit so I dont deduct tds on rs 300000 bill which consultant give to me. I paid 200000 rs to consultant for his 300000 rs bill and 100000 rs is outstanding. In f.y.13-14 I will be in tax audit limit so I have to deduct tds on bill which consultant will give me in f.y. 14-15. but will I have to deduct tds on rs 100000 outstanding amount on payment basis.