one of my client has filled online e filling but had mistake ...his actual tds amount is 21000 and 4000 is tax payable so, refund amount would be 17000..and by mistake he has wrote 17000 in column (6) of TDS schedule 16A tds2 . the correct refund amount is 17000 instead of 13000 ...how to ractify the mistake ..return filled today 08/08/2013 , and still has not deliver the courier to cpc it department . kindly guide to ractify the return

According to section 11(2) of Income Tax Act 1961,if 85% of income of a charitable or religious trust is not utilised in the previous year, then it can be accumulated for 5 years.Auditor reports in his audit report about the amount utilised from income of that year and amount accumulated for that year.

My query is that if the charitable or religious trust has utilised the accumulated fund in the specified period of 5 years, then where is the amount utilised from the accumulated fund to be reported?

I am a student of IPCC, do I have to read new company law for november 2013 exams, which is recently change

Dear Sir,
I have filed a revised return for form 26Q.
After filing revised return I found some error in revised return, therefore I have to file a revised return again.

Now please make me enlighten, that whether the I have to downloaded consolidated file of revised return token
or
I have to download the consolidated file of original return to make changes in it.

One more thing tell me that in Form 27A, I should mention the token no. of original return or
I should mention token no. of revised return this time.


Please clarify.
It's urgent.

one of my client is a salaried assessee falling in 30% slab rate. His family includes wife and minor daughter.

he wants to form a HUF and make investments in the name of HUF.

He will gift salary income to HUF and HUF will invest in FD/MF/shares etc.

MY question :
1. whether clubbing provisions will be attracted on the income earned by HUF ?
2. Is this planning advisable ?

waiting for the views of the experts.
Thanks in advance.

INCASE WE ARE EXCISE MANUFACTURER AND PURCHASED A CHEMICALS 100KG, OUTOF WHICH WE REJECT THE 20KG CHEMICALS AND SENT BACK TO SUPPLIER (IT IS ALSO EXCISE MANUFACTURER)NOW I KNOW THAT WE HAVE TO FOLLOW EXCISE RULES 11 FOR INVOICE FOR PURCHASE GOODS RETURN

BUT MY QUESTION IS AS FOLLOWS
INSTEAD OF RAISING INVOIE CAN WE ISSUE DEBIT NOTE TO THE SUPPLIER FOR PURCHASE RETURN AND IN DEBIT NOTE CAN WE MENTIONED OUR SERIALLY NUMBERED DEBIT NOTE NO. INSTEAD OF OUR SALES INVOICE NO FOR PURCHASE RETURN ?

PLEASE EXPLAIN ME PURCHASE RETURN PROCEDURE UNDER EXCISE RULES AND WHICH OTHER DONCUMENT SHOULD WE MAINTAIN FOR IT

I have a query, need your help.

1.) I already have a PPF account in my name, can I open another PPF account in my child's name?
2.) Can I deposit 1+1 = 2 lacs in a year in both the accounts?
3.) The interest earn by child's PPF will be tax free?
4.) Is there any entry age for minors? My baby is only 2 months old now.

Many thanks.

Exemption under section 54 is available whether sale deed is not register.

I like to know the tax implication regarding interest charged by the bank against overdraft to be taken by me against 3yrs fixed deposit jointly in the name of my father & mother ( senior citizen ) & me also. The interest from the Bank is receivable in the name of the 1st holder that is my father. Now I want to take an overdraft from the Bank and deposit the same as further capital introduction in my Partnership business which will yield an interest of 12% per yr.on the fresh capital. The interest accrued from the fresh capital introduced will be under the taxable income of my individual I T file but will the taxable income be reduced by the interest charged by the bank against the Overdraft in my I. T. File ? Further more my Father & Mother are not the partners of our Partnership firm. Please Advise.

can any have ICWAI foundaion postal apllicable for december 2013 exams.plz mail me at skedia77@rediffmail.com