Aditya Maheshwari's Expert Profile

Queries Replied : 9425

I am a Chartered Accountant in practice in Mumbai in the field of Direct Taxation, Audit, Company Law Matters and LLPs.

My motto in life is "Prepare for the worst and expect the best"

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CA Aditya Maheshwari

B. Com., A. C. A., DISA (ICAI)

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C.A. LINESH PATIL says : regarding ur reply on my query
thanks for giving reply for my queries but as per section 51 is only applicable in case of original assesse thefore advance forfeited by her father cant become cost for hher

Amarpreet Singh says : interest on late payment of provident fund
whether interest is applicable on late deposit of provident fund or not? please reply now

Nirmit Desai says :
A client of mine has received rent for the next FY 2010-11 also.On the basis of accrual concept,the same has been taxed in this financial year i.e., FY 2009-10. I would like to noe whether the treatment given by me is right? also wht will be the effect of TDS deducted on the above received advance rent?will that be claimed in the current year or the next FY?....kindly give reference or supportings to the ans if possible Thank you.

SUMIT SHARMA says : Section 244a
but what happens if the Department is issued multiple refunds? What is the procedure in case of calculating Amount of Refund and Interest U/sec 244A

SUMIT SHARMA says : Section 244A
Plz clarrify me as per Explanation of Section 140A:- Where the amount paid by the assessee under this sub-section falls short of the aggregate of the tax and interest as aforesaid, the amount so paid shall first be adjusted towards the interest payable as aforesaid and the balance, if any, shall be adjusted towards the tax payable. Is the Same concept be used in case of multiple refunds from the Income Tax Department.