Hi All,

I have a query with respect to TDS on Rent:
Employer is paying rent on behalf of employee and deducting TDS on the same.
Also, employer is recovering the amount along with the TDS from the employee.
So the query is whether TDS is applicable as the amount is recovered from employee?

My client's company has some ITC standing in the books but its not matching with the return. How can I adjust the diff ?

dear all,

i have a query, a pvt co has an authorised capital of Rs.30 crores. company has offered shares upto Rs. 25 crs. there was an over subscription of Rs.29 crs. can the company convert the excess amount over 25 crs as further share capital since it falls within 30 crores. what is the procedure to be followed.

My father a retired public servant sold his 1978-constructed house in 2012 (Oct.) and purchased another in 2012 by paying part of the sold amount. The long term capital gains was arrived as Rs 27,21,000 after deducting the cost of new house (Sec.54). The tax payable is calculated as Rs 5,61,000 (including Edu.cess 3%).

01. What is the last date for paying the tax ?
02. Should Challan 280 be used for deposting the tax ?
03. Should he pay the required amount as Advance tax (100) before 31.3.2013 or Self Assessment Tax (300) before filing the returns in July 2013 ?

Please advise.

Sudhakar

HI TO ALL CCI MEMBERS,

GREETINGS FOR THE DAY!

I HAVE ONE QUERY AN ABOUT TDS.
EX:I HAVE CONTRACT (OFFICE MAINTENANCE) WITH ONE INDIVIDUAL & MONTHLY PAYING RS,15000.
MY ANNUAL TURNOVER IS 2000000, HERE I CAN ELIGIBLE FOR TDS DEDUCTION?

THANKS IN ADVANCE

sir please tell
mr.A received lic pension after his retirement...
whether it is taxable under income tax act ???

Dear Experts,

Sir one of our client is Proprietor in "A" & Partner in Firm "B".

T/o of Business "A" is Rs. 16 Lakh, Profit of Business "A" is Rs. 6 Lakh which includes Remuneration From Firm "B" Rs. 400000 & Profit from Firm "B" Rs. 1 Lakh, Other Interest Rs. 20000.

Now 8% of 16 Lakh is Rs. 1.28 lakh.

Net Profit after Deducting Other Income & Remuneration & Profit is Rs. 80000.


Now which profit is to be taken for Computation Rs. 128000 or Rs. 80000.

Thanking you in advance for Reply.

I got a show cause notice from central excise department.

Show cause for Payment of Duty, Interest and Penalty.

We paid the duty and all.

Kindly provide me the format for reply to the show cause notice.

Hello Sir/Madam,
I've registered for ipc under direct entry scheme and also joined for articleship in the month of sept 2012. Is GMCS Compulsory to do in the first year of articleship training. If we not complete within the time, what will be the scenario.........

Sir,

One of our client is paying rent on immovable property to a Non Resident via Crossed Account Payee cheque. Such amount is deposited in his Indian Bank Account.
Please tell me if such transaction leads to REMITTANCE MADE OUTSIDE INDIA.?
Also inform me weather Form 15CA and 15CB needs to be filled.?

Thank You.