What if TDS amount as per TDS Certificates is more but while filing return of income we short claim it?? Time for revised return is elapsed. AO considered TDS what is claimed in return and not what should have been to our credit. What is remedy to get full credit after receiving intimation??

Company X providing card swiping machines to various murchants and getting service charges for the same, all transactions are routed through card issuing bank and a settlement bank. Company X getting service charges from various merchants in turn Company X paying commissions to card issuing bank and settlement bank for their service. I need to know whether TDS need to be deducted while making such payments to banks.

Proprietor is having business of readymade. He is following Financial year. They are issuing tax invoices, therefore they have bill book which is seraily no.ie.say 1015,1016 & so on.
So they have to continue that bill book even after over of financial year. Or they have to start numbering 1,2,3 & so on after over of one finacial year. So from april they have to start from 1,2 & so on or they can continue same bill book over the years.

one of my client is having export business, where he had exported Rs. 18 Lacs value goods in the month of
Feb 08 and the customer rejected half of the goods but stock was lying at them, and the my client supplied new goods in Nov 08 against same consignment . he had received Rs. 15 Lacs in Feb 08 . can he book his full sale in P.Y. 2008-2009 or half in earlier year and half in next year. please suggest

one of my client is having export business, where he had exported Rs. 18 Lacs value goods in the month of
Feb 08 and the customer rejected half of the goods but stock was lying at them, and the my client supplied new goods in Nov 08 against same consignment . he had received Rs. 15 Lacs in Feb 08 . can he book his full sale in P.Y. 2008-2009 or half in earlier year and half in next year. please suggest

I want to know what is the penalty for non depositing of service tax collected for FY 2007-08 FY 2008-09?
further no service tax return is filled for that 2 years.

Hello,

I filed examination form after long time for CA Final for June 09. I have a problem in form that i have wrongly select new syllabus instead of old syllabus.

AND i am preparing for old syllabus

can some one tell me is there any proccedure to change the syllabus. if yes then please tell me the proccedure and contanct no. where i should contact.

Please help, beucase books also not avalliable in market for new syllabus and i have already prepared 40% from old syllaus.

Regards
Bhagwat
bhaagwat@gmail.com

if suppose the co share capital is 90 lacs and carry forwards losses (P&L A/c Dr bal) is 99 lac. Than what should we consider as cost of equity.

Further if rate of interets at which co borrows is 15%p.a.

Than what will be cost of Equity,cost of debt and the total Weighted average capital cost of company.

What do we mean by quasi - Equity cost?Whether it taken in WACC calculation?

Please guide me

Hi,
pls tell me the last date of submitting TDS return for month of mar and QTR 4 of 2008-2009.
Whether the changes came into the TDS compliances are to be adopted during the deposition of TDS of march or QTR 4 of 2008-09..

Regards,

Dear colleagues,

Pls. tell me that in the following situation can i get rebate u/s 24 of IT Act.
Interest on Housing Loan :

Facts are:

I have a plot in my father's name.
Plot is registered in my father's name.
Plot has been purchased by my father by his own money.

I do not want to transfer/register this plot in my name.
Now i want to construct it taking loan from bank.
I & my brother will take the loan as MAIN BORROWER & my father as CO-BORROWER.

I & my brother will Repay the loan from our personal bank accounts.

Can i & my brother will take the benefit & claim deduction u/s 24
Interesr on housing loan & what extent.
i.e if I & my brohter paid intt. rs. 150000 each total intt. 3000000/- then both claim deduction of rs. 1500000/- each or not.

Your valuable suggestion will help me about this matter.

Thanks & Regards.
CA Saurabh