What kinds of questions I can and can't answer?
Income Tax & Accounts
My area of expertise Income Tax
My experience in
the area (years): 9 years
belong to: TCS
writing which has appeared : Nothing yet
Award & Honors:
: Interest on Senior Citizen Saving Scheme
If I deposit Rs 5 lacs in SCSS today (before 31.3.2016) then I will get 9.3% interest p.a. But, in next year and thereafter, will I get 9.3% or less i.e., whatever Govt. notifies for that year?
Are SCSS and SCDS different schemes?
Please also guide if there is any Govt. scheme other than FDs where interest rates will are locked till maturity.
: TDS U/S 194 J
The company is paying fixed remuneration to its director every month. Tds to be deducted u/s 192 or 194 j ??
CA Amit Rajput
: Please comment
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I have a case about a an Investment (private limited )company
which maintaining books of account on mercantile basis.
But company records income on receipt basis from April to Feb and in the month of march a consolidate receivable from April to Feb is recorded and for month of march on receivable basis.
my question is that is this practice of following cash basis accounting for 11 month and in March remaining receivable on consolidate basis i.e.(receivable less received) and for only month of march on pure receivable basis is Correct ???
Means following cash basis accounting for 11 months and Accrual basis accounting in month of march is correct or it will be treated as hybrid system.
Is there any clarification from ICAI or Department for following accrual basis accounting through out the year?
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: NON LISTED SHARES PURCHASE BY TRUST
THANKS FOR UR REPLY. CAN U PLS INFORM UNDER WHICH SECTION DIS CAPITAL GAIN IS EXEMPT?
TDS CALCULATION ON SALARY OR RENT CAN U TELL ME