In case of a assessee,there is tax payable of Rs.16000 and same was deducted as tds by his deductor in A.Y.2013-14.Tax payable of Rs.13000 in A.Y.2014-15 and same was deducted as TDS but in TDS Challan it is wrongly taken as A.Y.2013-14.Then how this mistake can be rectified??Whether to revise Income tax return of A.Y.2013-14 and ask Rs.13000 as refund and pay the same amount as tax in A.Y.2014-15.The main point is deductor not filling tds returns so the tds of deductee not reflected in his 26AS Statement,then how refund can be alloted by I.T Department?

Dear Sir

My son ( 15 yrs ) is earning income in capacity of a singer.There are 3 sources of incoming funds as foll :

1.Performance Fees - 2500/- per mth
2.Rehersal Fees - 4,000/- per mth
3.Monthly allowance from clinets - 8,000 per mth

All these combine to the extent of 1.74 lacs per year.

My querries are :

1. For performance fees will tds be dedcuted by the client

2. Rehersal charges - does this also imply tds deduction

3. Monthly allowance - are there tax implications or limit to this

Kindly advise if i need to file his IT return in the above scenari.

whether partners salary/ remuneration liable for tds u/s 194 j

2) when the limit on tds u/s 194 j is reached i.e 30000 p.a person other than individual/ huf are liable to deduct tds @10 %. say suppose consultancy fees are paid to two different party. where my payment to them individually do not exceed the limit but in aggregate it does. how i am going to deduct tds under such circumstances.

Hello sir,

if i follow cash method for accounting, then can i pass the entry for provision like march salary paid in april so there is entry for salary payable

I had registered for direct ipcc in maharashtra but i want to do my articleship from uttar pradesh. Can i do this. And i also want to know that should i appear for exam in uttarpradesh or not.

whether additional depreciation is allowable u/s 32(1)(iia) @10% for next asst year if in previous year addition is made after 30th sept

can we avail CST as input tax credit as we paid on purchase earlier.

dear sir,

we have labour work contractor we supply labour to the company for loading and unloading of material manufacturing and our billing system is per metric ton for loading material in truck and per piece for unloading from trolly so under which category we should have registration. under service tax please give me reply as earlier as possible

Thanks & regards,

Dear All,

I am doing statutory branch audit for the year 2013-14. During the course of audit, it has been found that the bank has hired a generator for power supply. As per Rent Agreement entered into by the bank, the bank has undertaken to pay generator rent@Rs.7,000 per month on fixed basis plus actual running charges towards cost of diesel based on number of hours the generator is used. The generator supplier raises a separate bill towards actual cost of diesel consumed based of number of hours generator is used during the month which comes about Rs.12,000 per month.
Now I wish to know whether TDS u/s 194I is required to be deducted on the total amount (i.e. Rent+Fuel Charges) or no TDS is required to be deducted keeping in view only rent@Rs.7,000 pm which is below the threshold limit of Rs.1,80,000 per annum.
I have also come to know that there is one CBDT Circular regarding non-deduction of TDS on running/fuel charges of generator hired. If it is so, kindly quote the details of that CBDT Circular.
Thanks

Greetings Sir/ Madam,
My final UG Semester will end by April 2014, I need to register for CS Course after that, currently doing my articleship, so already i had filled Form 112 for my UG Graduation, so now what should i do to file FORM 112 again for a new course?

Please reply, its urgent & Thanks in advance