An individual shifted jobs mid-year. He has duly submitted details about total salary paid and tax deducted by previous employer in Form 12B to the new employer. However, the new employer failed to consider previous income for calculation of TDS on aggregate salary for the whole year. As a result there has been shortfall in taxes paid and now a huge sum as tax alongwith penal interest needs to be shelled out by the individual. Can the new employer be held responsible for short deduction of TDS and be asked to compensate for the penal interest?
I AM A COMMERCE BACKGROUND PERSON AND I HAVE AROUND 20 YEARS PLUS EXPERIENCE
IN VARIOUS POSITIONS IN ACCOUNTS DEPARTMENT.
NOW I WANTED TO ENROLL IN COMPANY SECRETARY COURSE.
CAN YOU PLEASE UPDATE ME ABOUT THE TOTAL NUMBER OF PAPERS , TOTAL NO :OF YEARS IT MAY REQUIRE TO COMPLETE AND COURSE FEE DETAILS
THANKS AND REGARDS
SURESH R
We are a Central Govt. undertaking under Ministry of Steel, Govt. of India. The income of our organisation is exempted u/s. 10(23C)(iv) of the Income Tax Act, 1961. We have our own guest houses all over India, used by guests from our company as well as by outsiders including Govt. Officers and employees. We charge GST on the guest house bills at the prevailing rates.
Is there any provision under the present GST laws where our guest houses will not charge GST at all on the bills ?
Shall be thankful if replied with suitable provision(s) and section(s)
Thank you and best regards.
If a person is a resident of India but not ordinarily resides in India (R but NOR) & he has to apply for the Tax Residency Certificate in India.
does he apply for the same or not?
Made twice payment of GSTR-9 Penalty of Rs. 20,000 for the FY 2020-21, first under DRC- 03 and later when the system did not consider it paid one more 20k under compute liability.
How to get refund of excess paid Rs.20,000.
Hi Sir, I am getting below validation error while filing ITR-4 for professional. I have already selected the code from the list in profession tab. "Business code u/s 44ADA is to be selected for income declared u/s 44ADA."
My client has been awarded compensation of account of compulsory acquisition of land and building by NHAI. My only doubt is whether the compensation received on account of "building" is taxable or not, as compensation received on compulsory acquisition of land is exempt.
I have new assignment with Grasim Industries Ltd. since 14th November 2018 earlier I was working with Aditya Birla Group in PT Indo Bharat Rayon Indonesia. I have completed 4 yrs 6 months and 17 days with Grasim Industries Ltd. India before retirement hence I have deposited PF for less than 5 yrs. During my full and final settlement, I have received amount of Rs921508/- after tax deduction of 31.2%. I was not willing to retirement but as per policy I have to retire. Why PF amount is taxable if person is going to retire. Let me know PF amount is taxable for retired person.
18-07-2023
From:
CA Laxmi Mittal
Vapi
We are trying for last couple of days to file Form 3CBCD by using departmental Utility version 1.2.1. Clause no. 1 of Form 3CD -A.Y. is not being populated in point no. 7 of clause 1 of Form 3CD, resulting showing error while uploading Form.
Folllowing error is showing as"#/FORM3CB/F3CB/PartA: required key [AssessmentYear] not found,"
Pl. resolve the same
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Crypto TDS 1 %