Dear All, Please help me on following issue. In F.Y 2012-13 company made provision of Rs.25000 for fees payable to professional service provider. As amount of provision did not exceed limit , no TDS was deducted. In F.Y 2013-14 the actual payment of said fees was made along with adv. for F.Y 2013-14 Rs. 30,000. Hence total amount paid or credited aggregated to Rs. 55,000. Is the company liable to deduct TDS on entire amount of Rs. 55,000/- ?? Because plain reading of the section suggests that TDS should be deducted if amount paid or credited during f.y exceeds the threshold limit. Will it matter that part of the fee pertains to F.Y 2012-13 and part of it pertains to F.Y 2013-14 ?

Bought a plot with an intent to build a house within 3yrs and claiming exemption under section 54f.
But due to some reasons what will happen if I buy a ready to move-in flat within 2yrs instead of constructing a house in the purchased plot.

Hi,

Income for authors having salary income as well will be filed in which form?

Section 80QQB is applicable for authors with royalty income, is it possible to show royalty income under any other section.

Also, if author has taken some legal or advertising expenses in relation to royalty income, is it possible to charge the same under any other sections.

In the Financial Year 2012-13 I have bought the Sony LED TV 32 " and now I want to show the same in my Balance Sheet. But I want to know that how much % depreciation has to be charged for whether 60% or 15%?

I have a partnership firm,and in F.Y. 2012-13, i have sales turnover of Rs. 2,80,000/- ( Rs. Two Lakh Eighty Thousand ) approx. I have net profit of Rs.8,500/= ( Rs.Eight Thousand Five Hundred ) approx.

In short my Gross turnover is below 1 crore and my NP is below 8%

So whether Tax Audit is compulsary in my
case, and if yes under which section.

Pls. advice.

Dear Sir,
If someone has loss from share trading activity whether it is Short Term loss or Business Loss also whether to debit in Capital Account?

Thanks......

sir....myself vishal kapoor i regular fail in cpt from june 2012 to june 2013!!!!! in june 2012 i score 71 widout efforts nd in december 2012 i score 64 wid some efforts but now in june attempt i cannot think i will face fail again wid 71 marks!!! sir please suggest me can i do cpt one or leave ?????? please suggest me !!!!!!!!!

Information technology is a very boring subject. I start studying and in 10-15 minutes i stop. what do i do? how do i deal with this subject? i have dinesh madan's book for it.
And give me some times for SM as well.

Hi,

I am an Consulting Engineer, Indian Resident.For my consultation, I received around Rs29Lakhs in the Fiscal year 2012-13( ending 31st March 2013).As I did not stay there for 180 days continuous, I am not a non-resident. This remittance is from Tanzania, and the With holding Tax of 18% is deducted at that end and I have an Indian income of Rs 4-5 Lakhs.No other unaccounted money.

My wife is a house wife, she files returns every year.

My tax consultant (CA) says I have to pay around Rs6 Lakhs as IT this year.

If I work as a consultant, I am told that I am eligible for some tax relief.

Can any one advise me, if eligible, I would like to take relief of that.

Appreciate an honest advise.

Warm Regards

i have already passed my cs executive exam , i eligible for ipcc but i have questioned ,
when i will start article training? . after passing of ipcc 1 group or after completion of IT and orientation program. i can direct give ipcc 1st group or not. please give reply immediately.