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uday singh Negi
13 June 2014 at 16:49

Deduction u/s 80c on payment basis ?

dear sir,

if a person paying lic premium on half yearly basis let's assume

on 15 june 2013 and 15 march 2014 of rs. 10,000/- ( for his and his wife )

now suppose in f.y 2013-14 he also has some other investment u/s 80c and suppose he crossed the limit of rs. 1,00,000/-

for tax saving purpose he did not paid the lic premium of march' 2014 and he paid in the first week of april with interest

now can he eligible for 80c deduction ..? of rs. 10,000 each of last year's payment.

thanks




Anonymous
13 June 2014 at 16:34

Dormant company to active

dear Professional Colleagues

if private company showing in mca As dormant that company not filed financial in the 2011-12 and 2012-13

but new company rules specifying that company has to file msc-1 and msc-3 amd msc-4

please let me know that what is that Msc-3 and if company have to file last two years financials or not?


Amitava Dutta Chowdhury
13 June 2014 at 16:32

Tds

I was an employee of a construction company. Company has deducted TDS from my Salary in last financial year. I found that TDS has not shown in 26AS. I am continously following up regarding my TDS amount. Company told me that they has been financially suffering, they are not able to deposit the TDS amount. I am having all salary slip & other details. Please suggest me how I will proceed for legal action against company.



Anonymous
13 June 2014 at 16:17

Under rcm rent a cab facility

Deal Sir let me know that we recd cab facility for staff office to home up-down and our customers provide taxi facility to going on site. Further bill not include service tax then we have to pay 40 % or 100 %on bill amount.

thanks in advance.


meena

According to section 164 of Companies Act 2013" No person who is or has been a director of a company which—
(a) has not filed financial statements, or
annual returns for any continuous period of three financial years;"


We want to incorporate a private company in which there are three proposed Director who are promoters also,but after filling INC-1, It comes our notice that one promoter/proposed Director is disqualified because he has been a director of a company which not filled annual returns for more than three years.
Now my question is how we can rectify this mistake as we have given the name of aforesaid person as proposed director of proposed company.


HITESH KUKREJA

suppose Building of Mr X was in redevelopment after the possession(ie after completion of building) of flat Mr X want to sell the flat and wanted to purchase new flat against that..
nw my query is:
1)Can Mr X sell is redeveloped Flat??

2)If yes than what will be the tax implication
and
if NO than why??
you can also give reference of any case law or explain by any example...



Anonymous
13 June 2014 at 15:54

Ca final registration

SIR

I HAVE REGISTER FOR CA FINAL ALONG WITH ATICLESHIP REGISTRATION IN APRIL 2013 , BUT I HAVE YET NOT RECEIVE THE REGISTRATION LETTER OF THE SAME. SO WHAT TO DO TO OBTAIN CA FINAL REGISTRATION LETTER.

AND ALSO, WILL I BE ABLE TO GIVE EXAM AT THE TIME OF MY FIRST ATTEMPT EVEN IF I DON'T HAVE CA REGISTRATION LETTER.


pawan
13 June 2014 at 15:51

Tds should be deducted or not

Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles.Interest paid to Kotak Maheindra PRime Ltd so plz tell me whether tds should be duducted or not



Anonymous
13 June 2014 at 15:45

Section 68

Hi,

I have received notice from income tax dept and after proceedings for the said notice, additions were made by AO under section 68. The additions are about 17 lacs and the outstanding tax is huge on it.
I am a salaried person and want to ask if AO can make the additions under section 68 for a salaried person. I have not maintained any books of account. Also, since last 12 years I am in private job.

Also, please let me know the ways how to get penalty proceedings stopped. Because as per my knowledge there is penalty for section 68.


RIMPI SINGHAL
13 June 2014 at 15:44

Hra deduction

Dear all,

Plz help me on this query.

My husband changed jon during mid of previous f.y. HRA deduction is not provided by previous co. in form 16.

Can it is claimed now while submitting return!!!

Plz reply.

Thanks






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