Dear All,

kindly help to interpret the following clause:

Except as specifically mentioned elsewhere in this Agreement, the Lease rentals and all other charges payable by the Lessee to the Lessor under / in relation to this Agreement shall be paid free of any restriction or condition and free and clear of and without any withholding, whether on account of tax or otherwise. If the Lessee is obliged to make any counter-claim, set off, deduction or withholding from any such amount, then the amount payable by the Lessee shall be increased to the extent necessary to ensure that, after making the deduction or withholding, the Lessor receives and retains (free from any liability except for tax on overall income) a net sum equal to the Lease Rentals, if no such counter-claim, set off, deduction or withholding had been required or made.

3.3 In the event the Lessee fails to pay the Lease Rentals for a continuous period of 30 days after the due date, this Agreement shall, notwithstanding the provisions of Clause 15 (giving of notice to remedy breach), come to an end at the option of the Lessor and the Lessee shall be required to remove itself, its belongings, employees, etc. from the Leased Premises.

3.4 Except as specifically mentioned elsewhere in this Agreement, the Lessee shall not seek any reimbursement nor seek to recover any monies spent and/or paid by it in relation to the Demised Premises, from the Lessor or from the Demised Premises and to that extent the Lessee hereby waives any and all rights that they have or might have against the Lessor including the rights under section 69 of the Contract Act, 1872 or under any statute or law or under any agreement or document executed between them or any third party.

kindly confirm the TCS deposite procidure.

Example :-

Date 20.02.2013 X Ltd sale scrap Rs 100000/- and charge TCS 1000 (1%) but tcs not deposit due to non available of TAN but X ltd have PAN.so kindly confirm the deposite procidure if N/A of TAN

Regards

Sachin Agarwaal

In part A - P&L under item 51c (No account case - expenses), should depreciation be included or not? I feel depreciation should not be included under expenses but considered under schedule DEP and through that to Schedule BP item 12. Please advise if I am correct.

Hello Experts,

I have filed my return within prescribed time limit,
Later i discovered an error, For which i had filed an Revised Return, which generated Revised ITR,
But which was not processed at CPC Bangalore,and communicated that It was not Processed.
Later some days, I received u/s 143(1), intimating me to pay the some amount.

Now How Should I Revise the return?
Whether with Original Ack.No. OR Revised Ack. No?
Or Not possible to Revise Return, as contacting ITO is another Option ahead.

(Its AY 2011-12 return, so I can file upto 31.03.2013)

Please Help.

i am going 2 apper for may 2013 ipcc examination both group plz help me with my tax preparation ......serv tax and vat , i have done ....facing problem in direct tax.....plz.help plz.........

Hello

I received foreign remittance from various countries. Purpose showing on Foreign inward remittance certificate is Tour and Travel. Now i am not understanding shall i show this income or not.It is someware about 7 to 8 lacs. Also please let me know section if it is taxable. I am not sure whether they have deducted tds or not. Please suggest what to do?

I hold a family pension account with a nationalized bank. For the FY 2010-11, the bank deducted a TDS of Rs.40000/-(approx.). When I approached the bank, I was told that Pension accounts are subject to TDS and hence bank has deducted the TDS rightfully. My contention was that since it is a family pension account, it is not subject to TDS as Family pension is considered as "income from other sources". With this proposition, I approached the Ombudsman and the Ombudsman upheld my argument partly and directed the bank to pay (only) the interest on the amount of TDS deducted. The interest amount was paid from the date of deduction of TDS till the date of judgment by Ombudsman. However, the Ombudsman also stated that the issue of TDS is outside the ambit of the clauses mention under the Banking Ombudsman Scheme (BOS) and hence asked me to approach Consumer Redressal forum.
I was reading the Income tax department’s official document on TDS where I came across 2 circulars:
1. Circular no. 285
2. CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011
Both the circulars talk about ‘Refund of TDS’ by the IT authorities to the deductor (in this case, the Bank).
I would want to know if (on the basis of either or both the circulars) I can ask the bank to file a claim to the Assessing officer for the refund of TDS. (as the TDS applicable is nil and TDS deducted is Rs.40000).
I approached a few CAs and most of them found this case complicated.
Will appreciate if the experts could help me out with their valuable inputs.
Thanks.

i had failed in group II in CA-Final Nov-12 Examination with Marks 194. but after that i had applied for rechecking, meanwhile i filed the Examination from for may 13 for Second Group only for CA-Final, and then after the rechecking results came and i clear group II fully...

My question is that can i now transfer my application form of Group-II to Group-I for May 2013.

If yes, can you suggest me procedure for that. plz

I AM A TYBCOM STUDENT AND HAVE REGISTERED FOR IPCC ON A PROVISIONAL BASIS. I GOT TEMPORARY IPCC REGISTRATION NUMBER.
I WANT TO KNOW HOW TO REGISTER FOR ITT WITH A TEMPORARY REGISTRATION NUMBER? I TRIED REGISTERING ONLINE BUT IT DOESN'T ALLOW ME WITH THE TEMPORARY REGISTRATION NUMBER. PLEASE LET ME KNOW THE ALTERNATIVE.. PLZ PLZ PLZ REVERT SOON.

Can an advocate become CA without taking training from a CA.