SIR HOW MUCH DOES IT COST TO MAKE A GENERAL REGISTERED PARTNERSHIP FIRM ?
Can the asset and liabilities of a person be trfd to spouse or legal heir after his/her death. If so, any legal compliance need to be done??
WHAT IS THE DUE DATE FOR INCOME TAX RETURN A. YR 2011-12,IF DATE EXTEND THAN EXTEND DATE ALSO???????
I hold a family pension account with a nationalized bank. For the FY 2010-11, the bank deducted a TDS of Rs.40000/-(approx.). When I approached the bank, I was told that Pension accounts are subject to TDS and hence bank has deducted the TDS rightfully. My contention was that since it is a family pension account, it is not subject to TDS as Family pension is considered as "income from other sources". With this proposition, I approached the Ombudsman and the Ombudsman upheld my argument partly and directed the bank to pay (only) the interest on the amount of TDS deducted. The interest amount was paid from the date of deduction of TDS till the date of judgment by Ombudsman. However, the Ombudsman also stated that the issue of TDS is outside the ambit of the clauses mention under the Banking Ombudsman Scheme (BOS) and hence asked me to approach Consumer Redressal forum.
I was reading the Income tax department’s official document on TDS where I came across 2 circulars:
1. Circular no. 285
2. CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011
Both the circulars talk about ‘Refund of TDS’ by the IT authorities to the deductor (in this case, the Bank).
I would want to know if (on the basis of either or both the circulars) I can ask the bank to file a claim to the Assessing officer for the refund of TDS. (as the TDS applicable is nil and TDS deducted is Rs.40000).
I approached a few CAs and most of them found this case complicated.
Will appreciate if the experts could help me out with their valuable inputs.
Thanks.
In retail shop, purchases not shown in their books of a/c. But they did a sales. Not done a proper entries against the purchases for the year of 11-12. The monthly sales return, annual return has been submitted.The b/s sheet showing extreme profit.
The accountant ignorance the purchases entries not done properly.
Is there any other way to reduce the profit.
We can increase the expenses to the some extend.
Apart from that anything else. Pls advice
can we deposit the tds of all qtr in one qtr and file the return at once. what is the consequencies
if tax is not deducted in first qtr whether it is necssary to file return
I am living in mumbai, so I have mentioned my address in income tax return is that of bombay. but I have made my PAN card at my native place. and i have filed E-return so automatically they have accepted the ward of my native place.
now I have received notice, so my question is that where I have to contact related to this at mumbai or native place
plz reply
Sir/s,
A businessman knowingly purchased certain fake bills from one person and issued cheques against those bills.
after some time those businessman gave notice to those person through his advocate stating that those fellow (who has issued the bills) has not paid the sales tax on the said bills and as a result those businessman received a notice from sales tax department. those businessman through his advocate called upon the said person to interfere in the said matter.
prior to this the sales tax officer has already called upon those person and pressurised him to execute a writing that he has not paid tax on particular bills.
what remedy is available in favour of those person against the said businessman as well as the sales department?
pl. reply this. it is an urgent matter.
Thaqnks in advance.
WHETHER TDS IS APPLICABLE ON RENT FOR OFFICE BUILDING ,RENT AMOUNT 16000 PER MONTH IN THE F.Y 12-13
Partnership firm