HI..
One of my client having commission income of Rs.3,50,000 and TDS has been deducted there on of Rs.35,000. Here he can get the TDS refund of Rs.20,000 as upto 2,00,000 income is exempt from Tax. The problem here is, remaining of Rs.15,000 has been already paid in the mode of TDS. He dont want to pay that much of Tax and want to get back the refund of atleast Rs.30,000. Hence what are all expenditure can be permisible to save the Tax in respect of this??
Any help in this regard would be highly appreciated..
Thanking u..

I filed a return with wrong TAN Number of TDS deducted after receiving 143(1) intimation i noticed that TAN is wrong in IT return. Now IT dept is demanding the full tax with interest after dis allowing House property loss.
Pleas guide as early as possible.

Sir, My wife employed in Public Sector u/t is having three residential buildings in her name in the same town, which are all let out. She is staying with me in my own house. During 2012-13 she repaid HL availed from her office Principal:Rs.178327/- and int.Rs.69,843/-.She availed another HL during the same year and repaid Principal:Rs.27813/- and Int.Rs.117602/-.(for 2013-14 the repayments will be Rs.59357/- towards principal and Rs.202819/- towards int.)How to show the income/loss on house property for the years 2012-12 and 2013-14.

IS PENALTY FOR LATE FILLING OF ITR IS TO BE LEVY IN THIS CASE

a.Y. 2012-2013
date of filling of return: 06/06/2013
Gross Total Income: less than maximum limit chrgeable to tax

A pvt. ltd. company sells goods to another company and charged Rs 40000 as frieght. However it actually pays Rs 10000 to transportation comp.
while paying service tax they calculate the tax on 40000. On enquiry they told that they considered themself as a service provider that is why they are paying tax on 40000 not 10000. Are they correct? or they should pay tax on 10000 as reverse charge

query is

Our company finance its assets from NBFC and monthly installments including interest is fixed for repayment of loan

How the TDS provision will apply as EMI can not be reduced by TDS amount


Thanks and regards
Ritesh khurana

sir, i have filed return for AY 2008-09 of Rs. 151060.00 after due date,I forgot to add salary income of RS. 40000, AFTER THAT I Had REVISED THAT RETURN . Before revise all tax was deposited through tds Rs. 10546 and claim refund and after revision rs. 2032.00 self assessement tax paid.

now cpc banglor have shown demand Rs. 8835 ,

how i nullify this demand?????

Sir,

Please tell me whether Company is required to create a charge under Companies Act, 1956 in case of Overdraft granted by the Bank against Fixed Deposit? Please tell me its urgent.

what is the accounting treatment of promoters contribution for a private limited company??
whether it is shown under share capital or as shown under unsecured loans or liability??

please guide me for the same.

I would like to have the above proper reply about incorporating the clause related to the above in the Articles of Association of a Private Limited Company.

Further is it sufficient to only pass the Board Resolution for acceptance / ratification of any pre-incorporation contracts of the promoters of the said company? or the above clause is necessary in the Articles of Association of the company?