Dear Experts,

Can you clarify on the following:

Expenses like House Keeping, Security,Bus hire charges etc( Where 194 C applicable) for the Months of Dec'12 Jan'13, has been accounted in Mar'13. ( Due to non receipt of Bills and other operational problem)

TDS on the same has been Deducted in mar'13 & Paid in before of 7th Apr'13.

Now Is there any default on my part as i have not deducted/Paid TDS in Feb'13 as we have to maintain books as per the accrual basis of accounting.

Should i TDS along with interest if Yes ? how much 1.5% or 1%.

Due to some unavoidable circumstances, I could not submit my IT return for the financial year 2009-2010. In that year, supplier had deducted a TCS of Rs. 35,000/- on supp;y of 35,00,000/-. Now I have received a notice from Income tax officer asking me explanation for the same.Of course, it was my default and negligence. But sir, how should I explain now ?

Whether there is any difference between COS & Cost of Consumption?
If yes, then give a suitable example & if no then also provide the reason.

Is interest paid on unsecured loan to related parties allowable expense ?

I HAVE RECEIVED A INTIMATION U/S 200 OF INCOME TAX REGARDING DEMAND FOR LATE FILLING OF TDS RETURN FOR Q2. I AM READY TO PAY.

MY QUERY IS ,

WHAT IS NATURE OF PAYMENT AS MANDATORY TO MENTION IN CHALLAN. SO PLEASE TELL ME THAT WHAT TO FILL IN THE CODE CATEGORY.

authorised capital 170000 x 100 =17000000
paid up capital is 86000 x 100 = 8600000

but during form 2 by mistake 686061 shares of rs 10 each was further alloted

so total paid up capital now is 15460610 as i considered 860000+686061 =1546061

now what should i do???
its urgent

Dear sir,

I filed my income tax return by paying a tax of Rs.9000 for the AY 2010-11 . The return was filed within the due date (30-09-2010)since i am an director of a company. Now i want to revised my income tax return and net tax liability has been increased to Rs.180000 . should i need to pay Interest u/s 234A?

A company under liquidation has property at cost price stated in books at 1.20 crs. It sells the property at 1.60 crs. On this transaction it may have to pay capital gain tax and then the available proceeds can be distributed to equity stake holder after settling the other liabilities.can this capital gain can be saved? since it cannot invest in bonds u/s 54EC as it is going to be wound up.

- E'ee of one of our client bought 1 laptop from Singapore with him while returning after completion of work but invoice of the same is issued on the name of Indian Co.(i.e. E'er)

- I wanted to know the procedure and consequences such as Custom duty or interest or penalty if any payable & payment of the Invoice issued on co's name.

Sir, I m student of ipcc my 4 years of ipcc registration is over in july 2013 and i submit application for re-validation of registration. so please tell me which registration date i fill in examination form for nov 2013 exams the old registration date or new one ?