X is a salaried employee with M Ltd.X has income from other sources (Bank FDs)and salaried Income only-Both of which TDS is deducted.During the FY 2008-09, he has given donation u/s 80G, eligible for 50% wiegthed deduction to a charitable organization.However he cannot show 80G deduction against his salary income.He can claim in Return of income.My query is:This would result in refund of tax.Instead can he avoid refund of tax and fill Form 13 and submit to allow M Ltd to charge a lower TDS Rate?This way he would not have any refund and pay exact amount of tax?Is there any other wat to resolve this problem.Please help.Urgent.Thank you.

We have a Private Ltd Company in which 2 Directors are there. Now my doubt is whether there is any limit on payment of remuneration to directors of a Pvt Ltd Company, if so please give me section Number and Schedule

Why there is 2 to 3 percent gap for imported and export goods rate in notification issued for valuation under section 14? Like australian dollar for imported goods taken at Rs. 36.05 while for export goods it is taken at Rs. 34.9. Following is the link to see the rates.

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k9/csnt38-2k9.htm

Sir,

Can we take take Excise Duty input as servise tax receivableor Service tax input, ours is a courier Company.Excise Duty is on Manufactaring.

Dear sir,

i want to know that i regularly file a vat return quarterly but because of no sale purchase the vat is nil and i missed the vat return for two quarter.

Sir i want to know that is there any penalty for the above missing or what should i do for further vat return.

pls clarify me

thanks and regards.

the company buys food coupans for its emplyees from a third party and remits the amount along with service charges. whether TDS is applicable in this case? If YES, on what amount it is calculated?

Hi,
An asset purchased and wrongly debited to p & l Account. Subsequently it was traced out and capitalised. Now what is the accounting entry to be passed for the Depreciation not effected in the earlier accounting records.

If A Company Import machineary and for duty payment utilization EPCG licenance then import machine duty free

Queary regarding machine cost which are depreciable inclueding Liceancy value...?

Dear sir/Madam,

Presently i m engaged in audit of export house and i want to know that the com sends free of cost sample and charging excise duty on it.How will be treated in accounts.

If it shows sales then in case of written of the balance attract any law to written off.
Please tell me.


S.K.Sah

Hello Freinds

In our case we had been paying Full Service Tax since 2007-08, without claiming any input credit of service tax and also not showed it in the return filed.

Now, on scrutiny we reveal this mistake. So, what remedial measures we can take while filing return of 2008-09.

Which perioud credit can we claim in this return.

Whether we have to file a revised return and if so then upto what perioud a revised return can be filed.

Thanks in anticipation

Gourav Mehta