How should the ESI contribution of 1.75% be shown in Form 16? A friend gets Rs 10000 pm, his employer showed his salary as 10178 pm without mentioning anything about ESI contribution, is this correct? So the income under salaries will be 12 * 10000 OR 12 * 10178 ?
Recently for Qtr 4 non-salary our company received a notice stating that interest is required to be paid and had calculated interest upto May'13. But the company had paid tax alongwith interest on 27.04.13 and filed the return by 9th of May'13. The difference between them and ours is of only 1 month. it means we had paid correct interest. We approached the commissioner having jurisdiction of our company showing each and every document of interest paid, the commissioner in response said that they do not have any right for rectification and we will have to approach people from where the demand notice generated i.e. Gurgaon. Sir we are located in Mumbai and having no fault, for such thing have to go Gurgaon. Action taken by co. had called the customer care but it seems the lines are very busy even after waiting for half an hour in line our calls are disconnected and lastly mailed the same explanation to the email id:contactus@tdscpc.gov.in, but till yet received no reply.
What to do??????????
i want to amend ST from one service to other service and i am providing only one service can i do if yes i want the notification for the same.
Is fixed assets account maintained in cash system of accounting ? If yes, then the entity has purchased a fixed asset for 14,00,000 and paid only 8,00,000 for it.. will the asset be capitalized with the full amount ? and shown the rest shown as a liability.. but wont this make it accrual system then ? .. please help.. and please explain in detail ..
sir i have given my ipcc exams(both groups) and i wanted to know if there is any scope for article ship in foreign countries or can i do my article ship in any foreign country..?
Dear sir,
one person has having sole proprietor firm , he purchased car and house in his individual name .But he took bank loan against this, he is remitting the installments through proprietor firm ac . where can i show the interest on loan and principal amount and can i capitalize asset in proprietor concern
kindly give us the solution of my query . it is more helpful to me
sir, i fill examination form but there were few days less in my training. as i was suggested not to sit in exams and it would not affect my actual attempt. is it true sir?
Sir I could not submit my it return for the assessment year 11-12. Although TDS Rs. 10095/- was deducted as per form 16A on the year 10-11.
An individual is having two residential propertys. One self occupied one let out. Now due to illness he has taken other house on rent and rented the house which was self occupied.
What are the implications?
Can he calim 30% deuction in both the houses?
Will he get any deduction of the rent paid?
How to show esi in form 16