kindly explain the treatment for transferring capital reduction account closing debit balance and credit balance.
answer illustrated with a journal entry would be helpful. thank you

Sir,

I have made a payment of in July of Rs. 70300.00,

Bill not yet received please suggest how much the amount of TDS will be calculated on this.

What is the expected result date for ipcc june 2014.

Dear All,

Could anybody please inform whether the Tax benefit u/s 80CCD(2) as above is still available with it's existing features for the FY 2014-15 over and above Rs. 1.5 lac available u/s 80C.

An early reply shall be highly solicited.

sir,
my salary contains Rs 18000/- as Food coupons, and i have Rs 25000/- as deduction u/s 80C
i want to know can i claim these food coupons as deduction u/s 80C?

I received my company's VCES rejection order on 16-05-2014, passed by Jurisdictional Assistant Commissioner.
In terms of Sec. 85 of the act, the appeal can be preferred to Commissioner (Appeals)within 3 months from the date of receipt of order.
In this case the said date comes to 15-08-2014 (Independence day holiday), 16-08-2014 & 17-08-2014 being Saturday & Sunday, can I file my appeal on 18-08-2014?
Whether department can initiate any action before 15-08-2014 for enforcing the recovery arising due to rejection of VCES?

Dear all,

I have paid TDS challan for the A.Y.2014-15, instead of pyaing for the year A.Y.2015-16.

Can I utilise the challan(which is unconsumed) against the payments made for A.Y.2015-16.

I heard that TDS unconsumed challans can be utilised for any following years irrespective of challan related to the Assessment year.

If anybody aware of this issue please clarify the same and if you have any notification or circular or clarification from IT dept, share the same for reference.

Thank you,
vamsi

for nov 2014 attempt which form of 3cd would be applicable new one i.e latest changed or old one? and is there any change in auditing for nov 2014 other than chapter x and ix

Hi,
I have a prop firm which is under tax audit.
I have few personal loan on which I have made interest payment, but i have not deducted TDS as it was my personal loan and not business loan.

Do i need to deduct TDS in the current case??

Want to know how I passed entry of software AMC purchases having 70% Service Tax and 30% VAT on it, confusion is whether we can post Basic with Service Purchase or VAT purchase or bifurcate into both in tax ratio?
please suggest with clause...