We have booking Brokerage Ch. on Daily Basis But deducting TDS on monthly basis and paid that on time, is there any liability for interest for late deduction of TDS.

as per Act it should be deducted payment or credit which ever earlier.

Dear All,
Since i have started my articleship on 10-06-2013,in that month i have sent Form 103 and Other details along with.By mistake Date of Commencement of Articleship left Blank in Form 103.
Now institute replied for me and my principal too, telling please fill the date commencement & kindly return the enclosed copy of filled Form 103.

My querry is whether i have to pay Condonation Fee and have to write a Condonation Letter, so could you please help me out the procedure for this its very urgent....??

Warm Regards,
Nithin Shetty

Whether addition of furniture on previously occupied property will be counted in cost of improvement of such property if sold??
Even furniture is capital asset then too we cannot calculate separate capital gain on it as it is combined asset with property,
so how to utilize the cost of furniture to decrease the capital gain on sale of property??

difference between managing director & director.

Hi all, i am doing concurrent audit of one bank while observing cash credit a/c i found that in one a/c bank has charged interest @ 14% while as per sanction interest should be charged @ 13%. what should i do? They told me that they can give retrospective effect upto 6 months only.. what will be the consequences of this? how can i calculate interest manually? So that i can report it. Please reply all at the earliest as it is of current month i have to finalise my Audit Report.

Hello my query is

One partnership firm has built a residential complex containing 25 flats. The firm has 5 partners.

Out of the above 25 flats 20 were sold and 5 remained unsold. The partners distributed the remaining 5 flats among themselves and the flat registry is also done.

Whether service tax is payable on this 5 flats distributed among patners?

If yes then what is the amount to be considered as gross amount reveived?

Thanking You
Gaurav Bhartiya

whether operating lease for renting of immovable property attracts service tax?

I have gifted cash which is more then 50000, to my grand father he already runs a proprietary business. And will be using the cash for expanding his business activities.
My question is should I prepare a gift deed and will the income which is arised from conducting such business will be clubbed to my income.

1)If the income is below 10 lacs are we eligible to charge service tax?

2) For an existing business till we reach 10 lacs are we exempted even if we have a service tax number ? That is when we start the new financial year we dont charge till we reach 10 lacs & start charging after we reach 10 lacs.

3) Can we register for service tax number for an existing business & whether we will be under scrutiny if we register an existing business?

please tell me if i have late file my return at 15.01.2014 the financial year 2012-13 AY 2013-14.So how much interest is to be paid .Know interest calculation