Nag
12 April 2014 at 16:14

Short deduction of income tax

Hi Friends,
While deducting the Income Tax from employees salary for March 2014 by mistake we have not deducted Rs.2100 from one employee. We realized the mistake in April this year. Now the employee is ready to pay now. How to file quarterly etds returns for Form 24Q?

I forgot to mention that all our previous year transactions are closed now. I mean we cannot transact previous year entries in any manner. Whatever we do, we can only make entries in the present year (2014-2015).

Employee is ready to pay the income tax due right now.

How to overcome this problem.
please guide me.


Swasti Purohit
12 April 2014 at 15:47

Dealing in land

An assessee deals in buying & selling of land (agricultural & non agricultural) and earns profit from it.

Under which head will the income be taxed?
Is capital gain attracted?


12345
12 April 2014 at 15:34

Wealth tax

What is the limit for wealth tax return for F.Y. 2013-14?



Anonymous
12 April 2014 at 15:31

Articleship training

Can we do articleship training in a public ltd company doing consultancy service?


sai manoj
12 April 2014 at 15:09

Capital gains query

hi, my client has sold her residential property which was accquired by her from her father prior to financial year 1981.she has sold it for 23,00,000 of which cost of accquisation was rs 1,50,000. please suggest me the tax treatment of above situation.


Manoj Prasad
12 April 2014 at 14:34

Epf (employee provident fund)

I worked in a Limited company for 10-months where my EPF was deducted from my salary, i have a a/c no.also, but when i want to know the balance or status online it shows invalid,

now I am working in an another company, and they will deducted EPF, what should I do? they are saying to open a new EPF account, as the previous a/c no does not show any records.

can any body open or have 2-EPF ACCOUNT as he does have any information about 1st EPF a/c while amount was deducted from his salary....regards


Rhea

A client of ours is making a sale to a Government unit, which are asking for invoice without VAT as 'they don't pay VAT'.
Is it true that sale to all Government units or certain Government units is to be made without charging VAT?
If yes, what's the procedure for that (as in if there's any document we have to take from them.)



Anonymous
12 April 2014 at 14:07

Double taxation

Currently I am working for a small BPO as a senior level manager.The Indian co. is fully owned by a US based Insurance Company whose shares are almost entirely owned by a single individual Dr.A. My company (both US and India) has now been acquired by a bigger company in US. Dr.A out of gratitude for the employees who have been with him (both in US and India) since inception has agreed to pay a fixed sum from the sale proceeds of the company. My worry is about taxation aspect for employees in India. Dr.A is paying this money in his individual capacity and not through the company. Will this amount that we would be receiving be treated as a gift from Dr.A since we do not have a contractual relationship with him ? Will this amount be subjected to tax both in India & the US ? Thank you for your valuable time and suggestions on how tax can be minimized ?



Anonymous
12 April 2014 at 14:02

Itr

How to file the ITR and How To Convert The excel sheet into XML i cant understanding plzz help me out


nidhi

what is the paid up capital requires for appointment of company secretary in private limited ??is it makes difference if company is public limited ???
is it necessary to have cs in private limited company???
can ca can give training of 15 months to cs article as per new bill????





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