Anonymous
01 August 2014 at 12:46

Income tax adjustment entry

Hello Sir,
One of client has received an income tax refund for the year FY 2009-10 with interest.
They had made provision for the same year in their books of accounts and also TDS & TCS receivable and Advance Tax for FY 2009-10.

What would be the journal entry for the same for its adjustment???
Please reply as soon as possible.


Suresh Yadav
01 August 2014 at 12:40

Tds on rent

If House is Let-out for 22 months on a rent of 12,000/- per month & as per rent agreement full Rent is received in one payment by cheque of INR 2,64,000/-then,

can tenant Deduct TDS u/s 194I ???
as limit of 1,80,000/- is crossing.

because full Rent is received in FY 2014-15

but this full rent received also includes the rent of next FY 2015-16

and there is no other source of income for Landlord except this rent income.

please suggest Experts

thanks in advance to all. :)


Kannan Murali

If their is any justified decision taken by the supreme court against 54F exemption claimed but failed to deposited into capital Gain Account Scheme before furning return 139(1) by the assessee. Any case is their



Anonymous
01 August 2014 at 12:31

Employer category

Hello
I am a retired banker from Union bank of India having pension.
I am no longer an active employee from past 11 years.
While filling my ITR I choose government as my employer category wheareas later I came to know that it should be Others as I am no longer working with the bank.
So now what should I do whether to refile my ITR under revised category or to leave it as it is?
I have already received my ack no.
Please guide..


Saleem Abdul
01 August 2014 at 12:27

Excise returns

Hi

Based on what rules, we have to file excise returns ER-5, and ER-7.

If it is not based on rules, what it makes to file us these returns.

General Penalty will be applicable in respect of non compliance of filing these returns or not.


Upendra Mani Tripathi
01 August 2014 at 12:05

Opening of bank account

Dear sir, it is mandatory to open separate account for issuance of shares to its existing shareholders.


CA Dayanand

Dear All,

I have one query on following issues :

Construction company / builders having unsold units of flats which are to be sold.

In these case whether such builder is liable to pay tax on income under the head HP on unsod units under deeming provision.

Please provide the supporting if possible.

Regards
Dayanand



Anonymous
01 August 2014 at 11:53

Service tax reverse charge

We are the Pvt Ltd Company and we are getting house keeping service from one agency (Sole proprietor).

As per the ST reverse charge rules, the agency charging 25% of the Service Tax (3.09%)in their invoice, and the agency is requesting us to pay remaining 75% of ST (9.27%)to the dept.

My question here is. We are not registered under service tax, because it is not applicable for our business, still is it necessary to pay 75% of Service tax? how can we pay the Service tax, when it is not applicable for us.? please help me.


PRASHANT AGE
01 August 2014 at 11:39

Job in finance

Dear All,

I am a qualified cost accountant having 4 years of experience in costing.
I am working with MNC in Pune.
But now i want to work in Accounts/Finance.

So if anybody have requirement then plz let me know.

Mailid- prashantage@gmail.com


Ravi
01 August 2014 at 11:33

Nil income tax return

My mom received a Salary 1,80,000 (in cash) during the FY 13-14 from employer.
Employer has not deducted any TDS from her salary. Employer issued salary certificate only .
My mom has invested some amount in share market in March 2014. (ie. near about 20,000/-)
I want to file income tax return online please guide me following.
Which form to be used ?
Where I have to show share market amount and its nominal profit (ie. near about Rs. 500/-) ?
She have received nominal interest from saving account ?
I want to file nil return.
Please guide me.






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