My assessee, a Private Ltd. Co. has paid remuneration to its directors in October 2013. TDS was deducted in Oct. 2013. However TDS challan was paid in May 2013. Can the assessee take credit of this TDS paid in advance in the TDS return for quarter 3 of 2013-14.

I HAD FILED AN ITR 4S FOR THE A.Y. 2013-14 WITHIN DUE DATE.MY OCCUPATION IS INCOME FROM SALARY AS WELL COMMISSION FROM LIC.

HOWEVER AFTER FILING THE ABOVE RETURN, I GOT A NOTICE FROM INCOME TAX U/S 139(9).

PLEASE SUGGEST ABOUT THE FOLLOWING :--

1. CAN I CHANGE THE RETURN FILED FROM ITR 4S TO ITR 4 ?
AND
2. WHAT IS THE TIME LIMIT FOR RECTIFICATION OF THE DEFECT ?

We have deducted TDS under section 194C (1% and 2%) and payment made through 2 challan one is for 1% and other is for 2% but some amount of Tds (under sec 194C @ 2%) was paid through challan which was used for 1%(u/s 194C)

Is there is any short deduction only due to change in challan.

one huf took shares of one pvt Ltd few year ago and now huf want to transfer its shares to huf member how can it's possible? without taxes

For Example : We are billing on 3oth Nov of month, but we are sending stock on 5th Dec of next month because month closing pressure. On the way of Transportation in local, sales tax people are not allowing to transport, they are asking penalty etc.... because bill is 5 - 7 days old.
Please suggest me, In how many days we have to send stock after billing.
Thanks in Advance

DEAR SIR
I AM SELF-EMPLOYED TAXPAYER RUNNING SMALL OWN BUSINESS.
I READ ABOUT NPS WHERE I CAN GET DEDUCTION OF 10% OF GROSS INCOME.
THIS BENIFET IS OTHER THAN LIMITE OF RS.1 LAKH UNDER SECTION 80C.
PLEASE GUIDE ME ABOUT TAX DEDUCTION SCHEMES ANOTHER THAN 80C,80D,HOUSE LOAN.
THANKS.

we have a unit in SEZ and we have paid VAT on purchase of diesel that is utilised for running the DG set.
Can we claim refund of VAt paid on diesel under the Maharashtra VAT Act.

Dear Experts,

I have a master degree in Commerce & 7+ years experience in Accounts & Taxation. Now I am working as an Assistant Manager-Accounts in Mumbai. I have a good hand over Income Tax, TDS & Accounts. Also working in Profession Tax, Provident Fund, VAT & Service Tax.

I want to do any professional course through which I can gain more knowledge in my interested fields & salary also. I am interested for CA course also but I haven't sufficient knowledge of the procedure from start to end.

Kindly guide me for the same as soon as possible.

Thanks in anticipation.

I HAVE SUBMITTED RETURN OF INCOME OF AY 2013-14 PHSICALLY WITH THE DEPT SHOWING TAXABLE INCOME RS 4,90,000/- NOW AS PER REVISED INCOME MY TAXABLE INCOME IS MORE THAN 5LAC IE 575000/- SO I HAVE TO SUBMIT REVISED RETURN ELECTRONICALLY BUT CPC IS NOT ACCEPTING AS REVISED RETURN IN THIS CASE WHAT TO DO TO FILE REVISED INCOME PL EXPALIN

Sec 40A(3) is applicable on capital expenditure or not ?

Please give answer with example