I had a general query.
Cam anyone would please tell me what was the exact tds provision for deduction and payment point in case of TDS booked on provision figures.

For Eg. if provision for rent expenses was done on monthly basis and tds was also booked on monthly basis but the same should was paid to department on 6 month basis, when the rent was actually paid on the basis of invoice or debit note received.
Is this treatment correct??

Hoping for a positive revert.

Thanks And regards
Pragya Gupta

hi..i am applying for my articleship in various mid size firms in mumbai..my areas of interest mainly are maths,finance and accounts...what kind of specialisation should i choose for if given an option ( eg . audit,tax etc)..
aspire to do some kind of business related to finance in future..preferably would like to work in all areas..

thanks in advance

Hi All..
Can any one tell me whether companies act, 2013 is applicable for November 2014 ca final exams or not?

Only 2 months are left for IPCC exams, as now I don't have much time so I decided to b focused on 1st group now but still I am giving the exams of both the group so I have to just have a glance on group 2 subjects so can any suggest me that from where should i study audit

Whether a partnership firm [registered in UK] is a ‘firm’ under Section 2(23) of the 1961 Act or is it an association of persons ?

Respected Experts,
Kindly give your opinion upon a case below.
If a Assessee, who is engaged in a trading business of Paints and Sanitary goods and he use to purchase goods from outside State as per WEST BENGAL VALUE ADDED TAX & CENTRAL SALES TAX ACT accordingly.
His turnover is below or near about Rs.45 Lakhs during the A.Y.2013-2014 and his net profit is more than 8%, so no question of Tax Audit arises and while filing his Income Tax Return he claim deduction u/s 80c and u/s 24(b), can he file his Income Tax Return u/s 44AD as his nature of business is resaler.
As during the time of Asseessment proceeding an AO compel to produce Books Of Account notwithstanding that Return was filed u/s 44AD.

Dear Experts,
Please give your opinion upon a matter.

1) What is Form - "F".
2) How issue Form - "F" to whom.
3) Is it issued online by assessee or by Concern department.
4) Reason of issue of Form - F.

I HAVE RECD.INTIMATION U/S.245 UNDER INCOME TAX ACT THAT REFUND FOR A.Y.2012-13.ADJUSTED AG. OUTSTANDING DEMAND FOR A.Y.2004-05. IN THIS CASE FOR A.Y.2004-05 I HAVE FILLED INCOME TAXRETURN BY MANULLAY AND PAY TAX RS.6000/- (SELF ASSESSEMET TAX ) SO, THERE IS NO DEMAND FOR A.Y. 2004-05. WHATEVER, WE RECEIVED INTIMATION U/S. 245 FOR A.Y.2012-2013.MY REFUND A.Y.2012-13. IS RS.14600/-. ADJ.AG.AY.2004-05. SO,
WHAT I CAN TAKE ACTION AND PROCEDURE TO REFUND FOR A.Y.2012-13.
PL. ADVICE ME.

Dear all,

As New Company Act came into force in august 2013, with new Depreciation Chart and Rates.

My question is
1. For Which assessment year New rates will get applied For ??

2. If new Rates gets applied for AY 2013-14, den how treatment is to be given in books of accounts.. ??


Please let me know your Views....
Thankyou.

I was filing it 4 and as per my calculation taxable income is 314820 and tax thereon is 6482 and cess 194 with interest of 534 u/s 234A . so tax payable as per my calculation is 7210. While filing the itr 4 tax on the income is 11482 with cess of 344 and interest u/s 234 A,B, C is 2793 with total tax payable as 14619. Can u please justify how? is it coz of section 115JD (minimum alternate tax) . Can u please show me the calculation and and justify how is it so? thank you.