dear sir
an assessee have commission income of Rs 16780 and tds deducted Rs 1678. when filling itr by mistake serial no 51 not filled i.e gross profit, net profit, exp are not fill up. but tds correctly entered
in tds2 schedule. its for AY 12-13 ON MAR 13. now can it rectified in e-filing portal
by rectifying request or any other way to solve it? cpc send notice that unable to process itr-4 and transferred to jurisdictional assessing officer. please advice me that how its solved. thanks.....

234b and 234c interst calculation over 60 years applicable

WE ARE 3 BROTHERS AND HAVE A ANCESTRAL PROPERTY IN THE NAME OF OUR FATHER. AFTER HIS DEMISE THE PROPERTY HAS BEEN TRANSFERRED IN THE NAME OF OUR MOTHER. WE RECEIVE MONTHLY RENTAL INCOME FROM THE SAME PROPERTY. WE WANT TO CREATE A TRUST/FUND WHERE THE RENTAL INCOME CAN BE DEPOSITED
WHAT CAN BE DONE..PLEASE SUGGEST?

Dear Sir/madam,
I am going to give my 2nd attempt in november 14.I have given both group at a time. i could not clear my exams in may 2014 attempt. I am totally confused now. I do not understand which group i should prepared for. there are only 90 days are remaining
Please guilde me for how to start my studies freshly . & how to study from institutes study material with other reference books?

hi can you tell me the procedure for private placement on preferential basis? I have following doubts in that.
1. which Board meeting's resolution is required to be filed with MGT-14, is it for issue or allotment?
2.What is the time limit for acceptance of application form or for how long offer would be kept open for acceptance of application?

Dear sir

My issue is we are purchase the material types of HOIST, JOYSTICK, MOTO, TROLLY, break etc. from various different types of vendors.
The vendors have charged 12.36% excise duty, above said major part of the crane, crane sold and clearence with 10.30% . it objectinable or not,

thanks with regards

U/S 152(1) OF 2013 A FIRST DIRECTOR WAS MENTIONED IN THE AOA AT THE TIME OF INCORPORATION OF PVT COMPANY. CAN WE HOLD AN EGM FOR APPOINTMENT OF DIRECTOR IN GENERAL MEETING U/S 152(2) OF COMPANIES ACT, 2013

Dear Experts,

How could i know Date of Formation of Organization based on the PAN no and Name of Organization.

Thanks in Advance

One of our client, deducted TDS on consultancy charges paid to their consultant.

Consultancy charges pertaining to the financial year_2012-13 (March-2013) and they were paid in September-2013 on the same date they deducted the TDS and remitted to the govt.

1. Whether we need to revise the Q4 TDS return of financial year_2012-13 or we can include the amount in Q2 of the financial year 2013-14.


Please clarify.

Thanks in advance.

Hello Experts,

I returned from USA last year and I'm filing my income tax in India as a resident. This forum has a few topics on these 2 questions with not so concrete answers. It would be great if you can share your experience.

1) Can any or all of state tax, social security tax & medicare tax in USA be claimed as relief in Indian tax return?
My CA says only state tax can be claimed under sec 91 and social security tax cannot be claimed as relief; but, has asked me to take other opinions too.

2) Is the house rent paid in USA eligible for HRA? If yes, is it possible to do it now (after July 31) as this is not declared in Form 16 and what would be the salary taken for calculating HRA? My US salary is a single base component and has no HRA component.

Regards,
Arun

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Added the below statements based on further investigation:

The DTAA part is clear and it doesn't include US state tax.

STATE TAX:
With respect to US State tax, the ITAT had ruled that section 91 can be used if DTAA provides less benefit to the assessee. It had allowed US state tax to be claimed as relief (ITAT No: 4978/Mum/04).

SOCIAL-SECURITY & MEDICARE TAXES (SSMT):
Also, can the US social security & medicare taxes be deducted from Income based on the below rulings which mention that an obligatory payment should not be considered as income but, should be deducted from income as prior charge from overriding title?

1. CIT v Sitaldas Tirathdas [41 ITR 367]
2. Gallotti Raoul (61 ITD 453), ITAT Mumbai (French Social-security Taxes Deducted)

The US Income Tax Dept clearly mentions that the social security & medicare taxes have to be deducted by the employer from each wage payment and that it is mandatory to be paid irrespective of whether an employee is eligible for social-security.

It will be great if you could provide your valuable opinion based on the above contexts in deducting the SS & Medicare tax from the income and to use the state tax as relief on Indian tax.