TDS returns are now processed by CPC TDS. There is no option for applying rectification online. What is the way to apply for rectification for an order passed by CPC TDS. Can assess go for appeal against such order.

Hello Experts,

I have a query relating to the TDS on sale of immovable property. The sale consideration is over Rs. 50 L and I am aware that the buyer will deduct 1% as TDS and will need to pay this online.

However what is not clear to me is how will the seller treat this? Can this be adjusted against long term capital gains tax or is there any provision by which i can receive a refund from the IT? For example from the sale proceed I purchase another immovable property of similar value how can the tax already deducted be treated? Will I be eligible for a refund?

Secondly what if the buyer does not provide the certificate of TDS even though he deducts this?

Many thanks.

RECENTLY I FILED MY ITR 4 OF BUSINESS FOR F.Y.11-12.I HAVE QUERY-
1.WHICH DOCUMENTS SHOULD I SUBMIT TO BANGLORE CPC
2.IS IT NECCESARY THAT ITR SHOULD SIGN BY TAX CONSULTANT OR C.A...?..OR SELF ATTESTED IS ENOUGH OF ASSESSE.
3.AFTER SUBMITTION OF ITR TO BANGLORE WHAT IS THE NEXT PROCUDERE

my client is running a garments business (export and Domestic sales). he wants to split of his business into 100% E.O.U and 100 % domestic sales. he wants the name should be same for the two business. my doubt is whether it is possible? whether two TIN can be obtained for the same name? or any prudent idea for this situation?

My client, an individual, pays service tax on serivce of renting of immovable property & files the return accordingly.

During the month of Dec'13,such individual obtained the legal opinion from advoctes who required the individual to deposit service tax as receipt by giving the following line:

Please note Service Tax, EDU. Cess and SHE Cess liability as Service Recipient in terms of Clause I (A) (iv) of
Notification No.30/2012-ST dt. 20 June 2012.”

Please tell under which code service tax will be deposited & whether any changes would be required in service tax registeration if yes what is the changes and procedure.

Please tell if the bill amount is Rs. 10000/- how much will be service tax and what are the other formailities to be observed.

Dear sir,

As per Partial reverse charge( in the case of supply of man power) 25% of S.T should be paid by the Service provider and balance 75% of S.T shoulb be paid by service receiver.

If the service provider raise the invoice as follws:

Security sercive for month - 1000
Add: Service tax(1000*12.36%*25%) - 30.9
Total chrges - 1030.9

Here we have to deduct Tds either on 1030.9 or 1123.6(1000*12.36%)?

What is the status of DTC Bill, which is going to replace the Direct Taxation Scenario in India. I read back in October that Mr. chidarambram was presenting the bill in winter session, but it wasn't presented. So i want to know the status of the bill, can when can we see the DTC Act to be passed and implemented. Again is there any rare possibility that the revised Act will be applicable for CA FINAL Examination wef Nov, 2015 exams. Thanks

An assesse filed the service tax return and upon filling it came to know that challan serial number was filed wrongly. Accordingly, return was revised to correct the challan number. Later on, it was found that assesse claimed excessive deduction of property tax and deposited short amount of service tax. Thus, assesse deposited the remaining service tax and when assesse tried to revise the return, the same could not get revised.

Please tell what to do and procedure therefor.

Dear Sir
In our company we follow two principles while making provision. First provision made against some certain expenses where invoice is not available. Secondly provision is made for some uncertain amount where we dont know the exact invoice amount.
Please guide me whether tds is deductible in both the cases or on specific provision.

regards
jaytilak

Is it possible to amend advance license?