Dear Friends
Greetings From bhaskar
would you please clarify me that can we adjust excess or shortfall of TDS payment in the following quarter. What I mean to say the excess or short fall payment of Tds in the 1st quarter can be adjusted in the 2nd or 3rd quarter ?
Similarily we failed to file Tds Returns for 1st, 2nd and 3rd quarters for the FY 2008-09. can I file all the quarterly returns now ?

Can an Input Service Distributor also become the Service Provider or not.
Please advice.

Is their any liablity on goods transportation by Railway???

The medical Alln is the part of salary as per the Company's policies,but it is not taxable if the employees give the medical bills upto Rs 15,000/- My query is if the employee incurs exps towards medical exps of his/her parents,on submission of such bills is he liable for deduction under medical alln.

The Government of India- Ministry of Corporate Affairs has issued a Notification on NACAS Accounting Standard-11. ( GSR 225 (E) dt 31-3-2009. This Notification, I feel is very poorly drafted and difficult to comprehend. Can anyone help me in understanding the proper Accou nting Entries please ?

There is A Pvt. Ltd. which becomes on 1st April, WOS of B Ltd. And so provisions of section 3(1)(iv)(c) it becomes Public company.

SO the question is whether application to ROC for conversion of the company is mandatory?

if yes within what time?

If ROC convert the company to a LTD company on application from when the covnersion be effective for the purpose of application of other provision of Companies Act, as may otherwise be applcable to Pvt. Companies.

And should be the status of the company during the period of application is pending

one of my friend file I.Tax Return for the f.y.2006-07 online on 28/03/2009 without digital signature.then he went to I.T.office to file acknowledgement on 2/04/2009 presuming that it can be filed within 15 days after online filing. But in department they do not accept it as time barring . whether any solution for that.

Sir,m having a serious doubt tnat
"What is form no 120"


is it necessary for termination?????

Actually sir,hv taken tenmination on 24.03.09 sent it 15.04.09 but i have not send the form 120..

so wt i'll do now?????

Pls. give me the details of TDS New notification

I have one House. This House are in the name of My Father, My Mother & My Self.
I am a Salary Employee & Company given to me HRA.
I taken a Loan on this House & Pay EMI from My Account.

My Father Has another one House. I stay in this House & Pay the Rent to My Father by Cheque for this House. My Father show this rent Income in his IT Rturn.

My Query is :
(1) Should I Claim HRA as well as Houseing Loan Interest & Principal Amount in My IT Return?
(2) If Rent paid above Rs.10000 p.m. i.e. above Rs.120000 p.a. & my Father has below Exemption Limit should I deduct TDS on Rent?
(3) I Have only Salary Income & there is no Other Income should I get TAN no for Deduct TDS on Rent?