Dear Expert,

My client having his business of customs housing and clearance.

He wants to apply for lower rate of tds certificate. In which form shall I apply for the same and in the Form 13 there is only few source of Income has covered.

Shall I apply in that form only or there is any other form to apply.

pl. clarify.

AS 16 provides that borrowing costs that are directly attributable to the ACQUISITION, CONSTRUCTION, OR PRODUCTION of a qualifying asset should be capitalized as part of cost of such asset.

Now, borrowing cost for renovation of an asset-will it be capitalized?
To be specific, such a renovation of an asset is neither an acquisition, construction or production, can it be a qualifying asset ??

Dear Expert,

My client had given Rs.10,00,000/- as advance booking amount towards flat. However after 10 months he decided not to buy that flat and asked for refund of money back from builder. Builder has refunded back a sum of Rs.11,50,000/-. My quarry is whether the extra amount received to be considered under short term capital gain (sale of right to buy flat)OR Under income from other sources (Interest on account of 10 months advance booking).

Thanks & Regards,
CA. Rajesh Shah

if transport service provider is company then tds should be deducted or not as per section 194c

Hello Sir\ Madam,

Please help to fill the online ITR.
Need to fill following
SCH TDS1 Details of Tax Deducted at Source from SALARY(As per Form 16)

Have changed Job during the financial year and have given salary details of previous employer to new employer for
tax calculation. Now am having 2 Form-16.

In AS26 form it shows
PreviousEmployer
Amount Paid = 478196
Tax deducted = 43000
CurrentEmployer
Amount Paid = 290000
Tax deducted = 35000

Total tax deducted = 78000



In Form-16 it shows
PreviousEmployer
Gross Salary:478196
Income chargeable under head Salaries = 455196
Tax deducted = 43000

PreviousEmployer
Gross Salary:820000
Income chargeable under head Salaries = 800000
Tax deducted = 33456

I need to know what should be filled in Income Chargeable under Head Salary column of SCH TDS1.
Should I mention details of both employer like this :
PreviousEmployer
Income chargeable under head Salaries = 455196
Tax deducted = 43000

CurrentEmployer
Income chargeable under head Salaries = 800000
Tax deducted = 35000

Or details of CurrentEmployer is only required? if yes then what will be the values in columns of SCH TDS1

Thanks.
Sameer

in case of Re-appointmnent of MD ,he/she is regarded as interested in that perticuler agreement, so my query is that whether the contract of re-appointment of MD should be entered in the register of contract in which directors are interested u/s 301 ?

Please reply as soon as possible , it is little urgent.

Thank you

Read more at: https://www.caclubindia.com/forum/re-appointment-of-md-amp-sec-301-255097.asp

Hi..
First of all I would say that this is very important for me to clear and score a good marks in Final exam which falls due on next year.i.e, May 2014 because my family is not financially sound. Now I have only exactly 10months, so kindly do suggest me how should i proceed with my study? How to cover all areas in this time frame and for ur information i am gonna take leave from oct.13 so i hv full 7months tym in my hand and this 3months which i will be going to office.

Please tell me the difference between these.

If paid for Clearing & Forwarding.. need to deduct U/s 194J or 194C.

What if we deduct in different sections?

Hi friends, I m a CA final student...I have full course test papers....I require chapter wise test papers....Please help me if anyone has them...

i am a ca student. i have a problem that my father has a fix deposit which got matured today and there is a tds deducted on it. my father is a salaried person whose yearly income is Rs.60,000 so i thought of getting the refund of the tds so deducted by filling a return physically. can i get the refund by filling a return?

if yes how can i get a free software or any other way with which i can prepare and print the return and file it to the IT department. For clarity i live in a taluka of JAMNAGAR district. Am i suppose to file it in JAMNAGAR.