if a company not deduct tds on salary of employees from 6 months & after it want to deduct tds on salary. can do? what effect this?

Dear Experts,

Suppose I have purchased a capital asset worth Rs. 10 lakhs in 2013.
I contracted with a person in 2014 to sell it at Rs. 50 lakhs and consequently received 15 lakhs as advance money.
The other person failed to pay remaining amount within stipulated time as per contract.As a result I forfeited the advance money (15 lakhs).

As per Travencore Rubber & Tea Co. ltd. vs. CIT (2000), Advance Money will be Capital receipt but not taxable.

As per Smita N.shah vs CIT (2005),this advance Money will be deducted from the Cost of Acquisition (without Indexation).
as per above case law Cost of Acqusition will be Nil in my example.

MY QUESTION IS :

Whether the 5 lakhs ( advance money - unidexed COA) will be taxed?
If Yes under which head ?

please cite relevant case law

what is the last date of depositing deducted tds amount, Filing etds Return & what is the fine or penalty amt. on late deposited of interest and return filling.please suggest

Thanks

hi...i would like to know is the articleship or training of icwa which is 3 yr after completing inter compulsary...if a person dosent do the training will his placement be affected..is it that if u dont complete the training or do dont do it at all u will not get a job .is training essential for a gud job or is it just to attain membership of institute..plz guide me and also clarify the period of training in ICWA...some people say it... is 3 yr like CA,while some say it is 1 yr while some say its only for 6 months..plz guide me whether not doing the articleship or training will impact my job opportunities or not..

Pls suggest me answer of following questions : a) What is d Excise duty payable on reprocessing of plastic granules ? b) Is it exempt from excise duty payable ? c) What is d SSI scheme under excise Act ? kindly provide respective circulars & notifications also Thanking You..

Sir, pl. suggest me we have deducted TDS on Full value of Contract & deposited in 3rd qtr. of 2013,but we can not file TDS return due to payment made to party is under limit in during the year. Dept. issue a notice for filling of return. if we filed the return whether we will be imposed the late filling fee.

what is the difference between cash sales and credit sales entry

Hi dear...friends

I had Submitted application for conversion from IPCC to Direct entry IPCC in Aug 2013.


How do I know my Converson Status??


Does ICAI Used to Send Conversion letter or not?

Waiting for valuable reply.

Thanks

Sale of fixed assets (residential plot) that amount is deposited in normal account( his bank account) not in a specified account and new building is purchased with in the time the transactions also done with normal account (his bank account).

is any problem if the amount received through sale of capital asset not deposited in any other specified scheme or account

is any case laws relating to that transactions please provide
Thanks

what is cash flow?
how can we count it.?