Dear Experts, please review the Original query of Mr Ramesh - "Old year's TDS Cert.(not mentioned in old IT return)recd now".
What he says that "return was filed without mentioning the said amount of TDS." On plain reading, what he meant is that he has already declared the Income in his return, but what he could not mention in the return is the corresponding AMOUNT OF TDS therefrom.
I am of the opinion that in such cases where the an income income has already been shown/declared in the return, but the assesse could not claim credit to TDS, he can claim refund/ credit by simply filing rectification petition u/s.154. There is need to file a revised return only if the the assessee wants to change the income declared in the return.
So EXPERTS, PLEASE REVIEW YOUR REPLIES AND GUIDE.

how we show the take over of a company by another company in Balance shee & also in cash / fund flow stmts. The cash paid from the copmanys account for the take over.

Give to the notes to the item in the balance sheet.

S.K.

Bonus limit is revised from 3500/- to 10000/- as minimum wages. From when it is applicable?

hi,
how start the internal audit

Interest on Securities is exempt u/s 10(15)...which securities are actually covered under this section...

Hey...under which SUB SECTION interest on public provident fund is exempt...nd wat does superannuation fund mean??

is STCG chargable @10% both in case of securities traded in recognised stk exc&traded outside rec stk exc

DEAR ALL
GOOD AFTERNOON,
PROFESSIONAL FEES RECEIVED IN FOREIGN CURRENCY IS LIABLE TO SERVICE TAX OR EXEMPT FROM SERVICE TAX.

PLEASE CLARIFY.

At present, I have (a) two seperate Demat Accounts with ICICIDIRECT, first one in my name and the second one in my spouse's name and (b) two seperate Savings Bank accounts, first one in my name and the second one in my spouse's name. I am primarily operating SB Accounts for the limited purpose of applying for IPOs etc.

I have seen a news item according to which ICICI Bank will hike the minmum Average Quarterly Balance (AQB) from present Rs 5000 to Rs 10000 from Jul 08 onwards

So I now propose (a) to continue two seperate Demat Accounts (b) to close SB account in the name of my spouse and (c)convert the SB account now in my name as Joint Account with my spouse on either or survivor basis.

It appears as though ICICIDIRECT does not permit such arrangement. Could you pl. suggest alternaive courses of action available.

i want journal entry of ------
goods destroyed by fire costing rs 300 but insurance company settled claim for rs 280.pls urgent