In Form no 26 QB, major head 0020 income tax on companies or 0021 income tax other than companies is to be filled as per status of Deductee.
that means if deductee is company,than Major Head 0020 income tax on companies is to be selected even buyer/ deductor is individual.

Dear epert,
i have a client who has a bond with some company as a salaried person..which states that he has to work there for 3 years...with annual salary of 15 Lakhs...now he has left the job in between the year,..and he paid 3Lakhs as a penalty during the year..but the form 16 says his salary as 15 laks only..
now what will be his income u/h salary considered???

Dear Sir/Madam,

We want to know the procedure for Existing deemed public companies can opt for reconversion to private companies afte Companies Amendment Act 2000.

with in how many days we can make an application to ROC for reconversion to private companies after companies amendment act 2000.

whether we can go for reconversion to private now. If yes then what is the procedure.

Please do the need full ASAP.


Thanks & Regards,

If i am getting salary from a partnership firm and other consultancy income too individually from 2 proprietorship, which ITR i need to file?

The 26AS of an assessee for FY 2012 - 2013 (in month of July 2012) is reflecting TDS deduction u/s 195 by the Commissioner of Income Tax, CPC Bangalore. The status of this entry in 26AS is "P" i.e. Pending and there have been no updation in this TDS entry till date. The assessee has received IT Refund during the year, however Interest on IT Refund is not subject to deduction of TDS. There is a lot of confusion regarding this TDS entry.

Kindly advice regarding the nature of such TDS deduction and what needs to be done from assessee's end. Also what to be done to this TDS entry while filing of IT Return.

Thanks & Regards
Yash Goyal

Glad to get a reply on TAX on TDS.
I understand TDS means TAX Deducted at Source. If Senior Citizen's give 15H form TDS may not get deducted.All FD's it has become mandatory to cut TDS.

What happens to the timely amount of TDS deducted from the employees /depositors. I want to know whether it remains with source company / bank or it goes to government treasury.
According to me it remains as a bonus to the source company or tax department since no interest is paid on that amount by either of them and TAX liability does not exempt it for TAX calculation and Tax payers end up paying Tax on an amount they have not received.

eForm 20 – Filing of eForm 20, a declaration submitted by the director or company secretary, states the amount of the shares and share capital of the company and that the company has not issued a prospectus inviting the public to subscribe for its shares.

Attachment Required – Statement in lieu of prospectus (Schedule III)


Sir I need draft of Statement in lieu of prospectus.

please provide me doc file of Statement in lieu of prospectus

Thanks

SIR,
i want to know How many article trainee one firm can take at a time. in our firm has branches all over india approx.12 partner and approx. 10 paid ca. assistant. in chennai they have only one partner. i pursue article training in chennai branch. but in chennai branch partner ACA from december 2012.onward,in this regard my question is how many article they can recrute in chennai branch. inspite of all i consulted with icai chennai branch. they told me you chennai branch ca. can take only one article up to 3 years after that he can take 2 article up to 5 years. this is my querry, please quide me because in our firm we have more than two article...
regards,
b.k.

Dear Sir,

I shall be thankful if you could reply on the following:

I want to know the standard industry practice for defining the useful life of various tangible assets.ie the no of years of estimated useful life chart of these assets which may include scientific equipments for research purposes.Soliciting your earliest reply.

Thanks and regards
Savary Flaaubert Francis
email ID:francisssf@yahoo.co.in l

DR. SIR I HAVE RECEIVED A NOTICE U/S 200A FOR THE PAYMENT OF INTEREST ON LATE PAYMENT OF CHALLAN.
SO, I HAVE PAID THAT MUCH OF AMOUNT.
NOW IS THERE ANY REQUIREMENT TO FILED REVISED RETURN FOR THE SAME?