A PERSON WHO ARE LIABLE TO DEDUCT TDS & HE DEDUCTED & DEPOSITED THE TDS AS PER RULE, BUT EITHER TDS RETURN NOT FILE OR THE DETAILS OF TDS DEDUCTED FROM ONE PERSON NOT SHOWN IN THEIR TDS RETURN. HOW THE BENEFICIARY CAN CLAIM TDS.

AND WHAT PANEL ACTION MAY BE INITIATED ON DEDUCTOR.

N K MITTAL

Dear Sir,
There is an assessee whose actual net profit rate is 3% and his closing stock comes to Rs. 371000/-.
If he opts Section 44AD @8%, then his closing stock comes to 528000/-.

Now please advise me in itr 4S he should mention closing stock coming out of actual net profit
or
He should mention closing stock out of net profit declared u/s 44AD.

Waiting for your reply.

Thanks and regards.

I AM AN INDIVIDUAL AND HAVING PAN IN MY NAME.
I HAVE A JEWELRY SHOP AND I AM THE PROPRIETOR OF THE SHOP..NOW TELL ME I AM FILLING ITR-4

THERE ARE 2 BS & PL MY OWN AND 1 OF SHOP

WHOLE BALANCE SHEET AND PROFIT & LOSS DETAIL TO BE SHOWN IN ITR-4,
MY INDIVIDUAL B/S & P/L OR
SHOPS B/S & P/L...

PLEASE REPLY...REGARD....

During audits I faced following issue
Assesee has purchased ERP software in FY 11-12.in FY 13-14 software company has made software upgradation. Upgration fees are collected by charging service tax. Fees are around Rs. 160000/- Assesee has deducted tds u/s 194 c. My query is whether tds is requried to be deducted under 194 j.

When shahruk khan sold jursy of main hoon naa Rs. 40 lakh . In such case these income taxable or not. if taxable , which head. if not taxable ,why ????? similler case like any body (not big or famous person ) who sold personal used cloth,any other kind in these case what would be ?????

Dear All,

can anybody tell me that Revised schedule VI B/s,SPL applicable for the year 2013-14 or 2014-15 ? is it mandatory to upload form-3cd 3ca in XML format by this year?

Dear All,

Can any body provide me the Complete List of TDS Rates for FY-2011-12,2012-13,2013-14 respectively for salary and non salary , apart from that I have a query regarding the foreign remmittence amendment applicable in tds section for the year 2013-14 onwards. my email is desubhashis@yahoo.com

Sir,
With due respect I want to ask the learned CA Mr. Paras Bafna in respect to his valuable reply to Query u/s 44 AD, when firm is in loss.
Sir U have mentioned that the firm can not claim the loss unless & until the accounts have not been audited u/s 44AB.
Kindly enlighten me the section and provisions relating to it.
We shall be highly thankful to U.

Sir,
With due respect I want to ask the learned CA Mr. Paras Bafna in respect to his valuable reply to Query u/s 44 AD, when firm is in loss.
Sir U have mentioned that the firm can not claim the loss unless & until the accounts have not been audited u/s 44AB.
Kindly enlighten me the section and provisions relating to it.
We shall be highly thankful to U.

The society is registered under Socities Act 1860 as Flat owners society.
Society is also registered as AOP with income tax authorities.
Further it is raising bills to members who are owners of flats towards maintainece, car parking etc. The service tax is also levied on this amount.
My query is whether the registration under AOP is correct? If yes which ITR it needs to file? And whether the surplus of society be subject to tax if yes rate of the same.
Looking forward for the replies ASAP.