Dear sir

We have paid TDS through bank on salaries, profession fee and contractors. We have paid the balance amount to above parties. My question is whether the TDS amount is taken as expenses in profit and loss account are not.

Friends please tel me
My company submitted return for the A Y 2011-12 ( F Y 2010-11) within due date .

company paid tax as per MAT U/s 115jb
29.09.2011 entire tax amount in a single payment without any payment of Advance tax etc..with out calculation of interest on that tax liability.

Is it company required to pay Interest U/S 234 B & C please suggest me .

Tax payable Rs. 244983/- including secondary & higher education cess

I had taken a company car registered in Bangalore. Since i am leaving the company, i want to buyback the car from the company on WDV. Now company says i have to pay 14.5% VAT on WDV for buyback in my name. Kindly clarify whether the same is applicable, since i have already paid all taxes during purchase of the vehicle.

DEAR SIR

SIR WHAT IS THE NOTIFICATION NO. ON GOODS TRANSPORT BY ROAD (ON WHICH 75% ABATEMENT CLAIMED & PAY SERVICE TAX ON ONLY 25% VALUE UNDER NEW RULE REVERS CHARGE MECHANISM.

THANKS & REGARDS

Payment to hotel by Company of directors (who stays outside India only for busines purpose they come in India ) 2 Bills of Rs. 140000& Rs.111192.
So TDS Should deducted or not???
If Yes then how much % ??

Hello everyone,

I know that under section 154 return can be rectified only if there is mistake apparent from record and if we do not claim the TDS then it does not amount to mistake apparent from record but it is a fresh claim.

In my case i have properly computed the tax liability after adjusting the TDS as per 26AS but my staff made a mistake while filling the ITR and he did not mention the TDS details due to this there is tax payable of Rs.20000/-

Now client may receive the demand notice and his tax refundable in future may be adjusted. What can i do to rectify this mistake ?

RETURN WAS FILED AFTER THE DUE DATE/BELATED RETURN
waiting for the views of the experts.

Can u tell me what should be the accounting treatment of any asset purchased by the company and gifted to the employee.Whether it should be directly expensed out through Pnl or it should be recognised as an asset first and then transferred it to PnL. Kindly answer asap

Long Term Capital Gain(other than Securities) of Rs.1000000 arised on 15/07/2012 but the assessee has paid the Capital Gain Tax of Rs. 200000 on 21/03/2013.

Whether the Interest on 234C would be chargeable on Such Capital Gain Tax or not?

In my opinion the interest should not chargeable as per following proviso

Provided that nothing contained in this sub-section shall apply to any shortfall in the payment of the tax due on the returned income where such shortfall is on account of under-estimate or failure to estimate—

(a) the amount of capital gains; or

(b) income of the nature referred to in sub-clause (ix) of clause (24) of section 2,

and the assessee has paid the whole of the amount of tax payable in respect of income referred to in clause (a) or clause (b), as the case may be, had such income been a part of the total income, as part of the 1[remaining instalments of advance tax which are due or where no such instalments are due], by the 31st day of March of the financial year:]

Please help me.... thanks in advance

can any tell me what happens if a company books any exp under the incorrect head?

Pl give me advise.

I have to file return of an individual ( men- Myself) for AY 2011-12 after due date of filing on 14/03/2013 but after filing one mistake found in my return I was file my return U/S 139(1). So Pl give me advise my revised return in which U/S file ( U/S 139(5) or U/S 139(4). My other data and annual income is same.