Dear Experts
I hv received a default notice from IT Deptt. for late deposit of TDS. TDS deduction date was 30-04-2012 and due date of TDS deposit was 07-05-2012. I have deposited TDS on 16-05-2012 including 1.5% interest thereon (for one month delay deposit). But TDSCPC calculated 2 months default. Kindly help me whether I was correct or Deptt.'s demand is correct. If Deptt.'s calculation is incorrect then please let me know next process.

Thanks.
Pradip Pandey

Hi ! Is professional tax applicable on partnership firm or on numbers of partners ? Plz let me know abt tax slab !

Our division's all 4 Qtr.return of 2012-13 have been filed.Now we came to know that salary and TDS amt.of Qtr.2 and Qtr.3 needs correction.The amt is also showing in 26AS.I have downloaded Consolidated file for Qtr.2 and 3 but RPU is not allowing correction in salary or TDS amount and showing"For matched /provisionally booked/overbooked challan/transfer voucher,update is allowed only on fields-section code,interst amount and others amt."
Do i file revised return(and How) or how to correct amt.as others can claim refund due to earlier wrong(Excess TDS ) return filing.

Hi,suppose one company is deducting TDS on contract @ 1%. To find whether the deductee is firm or company(becoz only for HUF & Ind. it is 1% & for others it is 2%) , i got the pan of deductee.
For Example . Service Bill of Deductee is in XXXX.
Deductee name is YYYYY.
The company deducted TDS in name of YYYY @ 1%(individual rate).
How can i track that XXXX is a sole proprietorship or firm ?

How can I passed entry for last year closing stock convert in my current year investment??? in tally erp 9....

Dear Sir

Q1-We have made excess TDS payment to Govt treasury Rs.12977/-wrongly in a 4th qtr of FY 12-13. Now challan payment details are not matching with deduction details, there is diff of this Rs.12977/-. Whether eTDS return can be filed with TDS payment showing more than TDS deduction in a particular challan?

Whether we can adjust this excess payment in next Fin year 2013-14?

Q2-Due to some technical problem Form 16A not generated with digital signature of the person responsible for making payment, Now whether we can issue these Form 16A to deductees? Whether these are valid Form 16A?

Where to disclose the TDS receivable of previous year in the new Schedule vi format.Is it necessary to show the balance in the balance sheet under current assets till the assessment? Can we adjust the same in Reserves & surplus?

Hi, I am eligible to deduct rent TDS. How much should I deduct for office space use? Amount is Rs 16000/- per month. For rent calculation, how many months are being considered? 11 or 12 months? Thanks!

I am a salaried person and taken a home loan. The property is in the joint name with my spouse. The housing loan has been taken for buying and the EMI against the loan is being paid from my salary account. However the income from the property (Rental Income) is being added to the taxable income of my spouse.
I have sought Income Tax relief for the Interest & Principal against the loan, having been paid from my account. However my employer insists that the income from the property should be added to my taxable income in order to avail the tax benefits. Kindly advise.

One of my client company hvnt appointed the Cost Auditor till date???What are the consequences...whether still I have some time?