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CMA. Subhash Kumar Jha's Expert Profile

Queries Replied : 2107

About me

Myself is Subhash Kumar Jha. A qualified CWA of 1997 batch. I completed my CWA in regular 4 attempts. Involved in accounting job for last 11 years. My speciality is Direct Taxation.

Anybody wants to have friendship with me can mail me at this site or subukjha @ rediffmail.com

Best wishes

subhash

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rohit says : income tax
sir, if the assessee has deposited esics contribution after 21st of any month but before filing of return, which of the following shall be allowed : 1) employer contribution 2) employee contribution

Gajjala Satheesh says : TDS Penalty for May 2011
Sir, I have not paid TDS for Rent, Salary & Consultancy for May 2011. IF I pay on 07.07.2011. Then the Interest will be 1.5% for a month. For May 2011, is it (May)1.5%+ (June)1.5%=3% on the TDS amount taken. But for June 2011 TDS last date is 07.7.11. So, If I pay for May 2011 Interest 1.5% is it correct. And June month TDS If I pay on or before 07.7.11. Is there no need to pay Interest Am I correct. Previously I paid TDS for March 2011(F.Y. 2010-11)in the deductor code instead of 200 Tax Payer they have given a printout of 400 code for IT Depot.They are saying " You have paid for the last F.Y. so we have taken into 400 code. Is this correct. Plz Advise me.

Gajjala Satheesh says : Tds Companies 200 & 400
Sir, I paid service tax for the f.y. 10-11 A.Y. 11-12. The bankers issued a note. In Prevoius Challans written 200 instead of this they wrote 400 in the companies coloumn.And I have not sign on the Original challans the name of the depositor. Plz Clarify.

Appasaheb Borude says : Group Gratuity Scheme of LIC.
We have started with LIC wef 01st April 2008. We revise the salary of our Employee every year on 01st April. We give the data of Employee and his Basic on 01st April every year and we receive Quotation from LIC for the Contribution payable towards the Fund on 01 st April. The qutation received on 01st April 2011, is this amount my Company's liability towards Gratuity for the year 2011-12 or for the previous year? How to make accounting entries in our Book? Is it liability for previious year 2010-11? Please advise. Thanks and regards Appasaheb Borude agborudein@rediffmail.com