Dear Experts,
Hello,
My query is
An assessee who is individual has paid some amount say Rs. 150000/- to a builder from whom he is going to purchase a residential flat. On this payment he has deducted tax @ 1% amounting to Rs. 1500 and duly deposited with government.
How to account this Rs. 1500, which is deducted tax by individual, in his books of accounts i.e . in the books of purchaser of residential flat?/
thanks in advance..

Sir,I am just close to complete one year of my training ,but I am not registerd with icai due to termination/completion of old article under my principle.GMCS-1 is required with in one year.what I do?my registration no is CRO0351064.
My principple membership no is 051530.

I am owing three residential property. I am selling one residential property and sell proceeds is use to purchase another residential property. could i get exemption u/s 54 on long term capital gain please help

Hello...

Is there any limit for a company to give loan to any other company.

If june month tds deposited more than actual tds liability. what is the solution now? TDS deposite in sec 194J.

In a Publc Company, total 7 directors out of which 3 are Independent directors & 2 are MD & WTD. As per Sec 152(6) atleast two third shall be retiring directors. kindly suggect the calculation.

Hi,

We have not deducted TDS u/s 94J for Jul'13 transaction, hence he is the first time vendor and the Total amount is 18K only so limit not crossed. After few months we did some transactions with the same vendor for 3 Lakhs for that we have deducted tds correctly, but we missed to deducte TDS for Jul'13, as per rule we have to deducted TDS for the begining tranasction also at the time of crossing the Limit.

Now we are ready to pay the TDS amount + Interest

My Query is after making the payments we have to file the Revised return for FY 13 - 14 Q2, I that i need to add the Payment challan and I need to give the break up in Annex I, if i show the breakup in Annex 1 means that TDS portion will reflect in that Vendor 26AS, whether we have to recover the TDS amount for vendor or we have to leave it hence the mistake of us?
Kindly helpme in this issue.

I dont know what entry needs to be passed in the books of employee for "Employer's Contribution to PF"

Also Entry for Interest on PF Contribution

Can a manufacturer avail CENVAT credit of CVD (12%) and SAD(4%)paid on import of components and spares which are assembled in India and sold in India?

What is the process for availment of CENVAT Credit?

Dear Sir

Indian govt has declared finance budget yesterday ?

I would like to confirm from which year these changes in regard to Income tax exemptions / deductions for salaried people etc. will be applicable ?

Whether it will be applicable from right now or from April 2015 onwards ?

Pl advice.
Thanks and regards
Arun