X is a salaried employee with M Ltd.X has income from other sources (Bank FDs)and salaried Income only-Both of which TDS is deducted.During the FY 2008-09, he has given donation u/s 80G, eligible for 50% wiegthed deduction to a charitable organization.However he cannot show 80G deduction against his salary income.He can claim in Return of income.My query is:This would result in refund of tax.Instead can he avoid refund of tax and fill Form 13 and submit to allow M Ltd to charge a lower TDS Rate?This way he would not have any refund and pay exact amount of tax?Is there any other wat to resolve this problem.Please help.Urgent.Thank you.

We have a Private Ltd Company in which 2 Directors are there. Now my doubt is whether there is any limit on payment of remuneration to directors of a Pvt Ltd Company, if so please give me section Number and Schedule

hi ,

can anyone update me with the requirement of CPE credit for members in industry

Why there is 2 to 3 percent gap for imported and export goods rate in notification issued for valuation under section 14? Like australian dollar for imported goods taken at Rs. 36.05 while for export goods it is taken at Rs. 34.9. Following is the link to see the rates.

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k9/csnt38-2k9.htm

can a pcc both group passed student converted into ipcc scheme so that it will enable him to appear six months earlier for exam pl reply thank in advance

Sir,

Can we take take Excise Duty input as servise tax receivableor Service tax input, ours is a courier Company.Excise Duty is on Manufactaring.

Dear sir,

i want to know that i regularly file a vat return quarterly but because of no sale purchase the vat is nil and i missed the vat return for two quarter.

Sir i want to know that is there any penalty for the above missing or what should i do for further vat return.

pls clarify me

thanks and regards.

amount received from a contractor for transfer of right to use an asset is a capital receipt or not.

the company buys food coupans for its emplyees from a third party and remits the amount along with service charges. whether TDS is applicable in this case? If YES, on what amount it is calculated?

Hi,
An asset purchased and wrongly debited to p & l Account. Subsequently it was traced out and capitalised. Now what is the accounting entry to be passed for the Depreciation not effected in the earlier accounting records.