Hi Experts,
Pls clarify this small doubt for me,

One of my client is in the business of Purchasing and selling the leather(only leather and not leather products,
and Which includes the leather on job work basis), After they receive they will pack and modify the Price and they are selling to the parties(interstate,local,exporting).
Whether they are liable to the excise duty?

The job worker is not charging the excise duty...

Pls reply as soon as possible

Hello to all

my query is.
we have deducted TDS on 28 april 2014
and
applied for TAN on same day 28 april
but
TAN is alloted on 11 june 2014.


My question is whether we are liable to interest on TDS deducted?
since we never anticipated transaction will happen.
and due date of deposit TDS on 7th may and we are unable to deposit tax in absence of TAN no.(as TDS deposit must quote TAN no. to bank).

We deducted tax since payee is non resident and we have to deduct tax before payment to NR


PLEASE ANSWER WITH
RELEVANT SECTION,
PROVISION
AND
CASE LAW IF ANY

THANKS.

Dear prabhu sir,

1)As per TB for the year 2013, after depreciated value of asset we didn’t shown in our system.
Can its possible pass the JV for the asset to shown in our Balance sheet..

If we want pass the how we can shown means what is the accounting entry…

2) we didn’t shown our share capital,150000 in our system. Ca it’s possible to show in 2013 TB,
Or this year we can show..

Kindly suggest..

HI !!
I am a student of CA Final and i have Nov 2014 Attempt but m not sure about my preparation for both the groups . I wanted to know whether I can appear for the Second Group in Nov 2014and First Group in May -15? Is it posiible to do so ??

Kindly suggest me as soon as possible ...

Thanks & Regards.

we are 3 brothers after the death of out father we have opened a joint account in the name of three of us. Now the rent income recieved in the joint account from the house property should be clubbed in whose name? and what if we create a trust on name of our mother and show the income received on the trust!!

Dear expert,

Individuals (Directors) have 49% of shares in AB pvt company and rest of the shares are held by XYZ pvt co.

Both have transferred the shares to purchasers at long terms profits. ( thus Management controlled also transferred)

Please advice tax implications / exemptions available for both - individuals & AB pvt co. With legal backing.

Please guide me how to study for direct taxes for good marks???

I am Interested to clear my few Queries about becoming Certified Lawyer.

*Weather an holder of 3 year Bachelor Degree of law from Correspondence is Eligible.
*What is the maximum age to enrollment in Bachelor Degree of Law ( Is it 29 Yr as per Bar Association).

Kindly Support

I left my job in May 2013. And I did not work after that. I had Around 3 Lac rupees in my bank account which was converted into MOD account by bank with interest rate around 9%. I checked my Form 26AS, in that form, total interest accumulated was around Rs30,000 but interest credited by bank to my account was around Rs27,000. Rs3,000 were deducted as TDS 194A by Bank. Since I did not work after May 2013 so my total earnings for FY2013-14 is Rs30,000(in the form of interest only) which is not taxable. But still Rs3000 is deducted by Bank. Should I claim this Money back through ITR. Please Guide me.

what will be the tax liabilty to individuals in a case when the property of assessee which is on his name and same is sold by his 4 children nd the amount is distributed among themselves??? the property was sold after the death of assessee and the same is also not divided or transferes among his children...