We had deducted TDS on rent and professional fees for the month of November 2013. The TDS was paid immediately, but by error, the TAN number was wrongly entered. The error was noticed in the month of January, when we submitted a letter to the Income Tax department for correction of TAN.

When I met the Income Tax department on the 11th of June, I was told that the corrections would take another three to four months.

What I would like to know is :
1. Can we repay the TDS amounts?
2. What will be the interest rate?
3. How will the amount already paid be reconciled during the current financial year?

I request an answer since the professionals need to file their tax returns.

my clint has been made purchase excisable capital goods from two years ago but at that time my clint was not register in central excise and same way that time he had not clain expenditure in business and stand alon saprately on CENVAT credit receivable still now and right now he has register in central excise so can he claim cenvat credit on that particular stand alone cenvat credit in equell installment if he can clain credit on that cenvat credit so can he clain less than 50% cenvat credit in first year and more than 50% in next year

shall i submit Income tax return(ITR-2) for the A.Y. 2011-12 in A.Y. 2013-14.

Hello friends,

Payment made to entrance exam body like - CET, COMED-k for this body if payment made can be claimed under sec 80C of income tax act, 1956.

Please suggest me.

Land alloted to a person by State Housing Board Authority on Lease to be used for Residential Purpose. Whether, Service tax attracts if it is used for residential purpose or not?? please clear the provision of service tax?

Whether is it necessary for an alumini association ( A Non-Profit organisation) to obtain a PAN Card. If it is required can any one help me with the procedure to be followed for obtaining a PAN card.It is a Registered Organisation under Registrar of Societies.

Hello everyone, Last year in august I cleared both groups of IPCC in one attempt and by God's grace I got into one of the big4. Initially I wasn't getting into it and remember being dejected. I was joining a small size firm and got a call on the morning of joining that I have been selected for the big4. I happily joined in September. 10 months into it, I have seen all kinds of things you get in big4 life. Big industries and plants, working 18 hours a day, working weekends, healthy stipend and all. It has been a very good learning and growing period for me. I got an exposure of multiple industries, audit areas to work on and different teams to work with. But I feel that as a CA student I have zero knowledge about taxation. I don't remember anything of tax I learnt during Ipcc. I am in doubt if I should continue here or join a mid size for more exposure to tax. Frankly, the work here is hectic, but not much of learning. I am checking invoices and signatures to a large extent. I always wanted to be an entrepreneur and plan to pursue my dream after completing CA. I know audit is not my cup of tea. I feel that in a big4 I am getting restricted in thoughts and knowledge. My primary aim is to be a CA with good knowledge of all areas a CA works in and not just to specialise in one. My parents are leaving it on me to decide. For me stipend is not an issue and I really won't give an ear to what people will say about my choice. So I would like to asked those experienced if I should continue in this big4 or shift to a mid-size. I have time till september to decide. I know many people (including me) crave for a big4 articleship. I am myself in a confused state. So could you please give your view with REASONS. Thanks.

sir, i would like to know how to find the value of FDR before 2 months. for example FDR invested on 11/5/2011 iwant to know the value of fDR on 31/03/2011 and how to calculate interest on fdr on Various Dates AND in days. Sir i hope i will get full detail related to fdrs

Dear Experts,

1. Our client has made settlements for about 120 employees during 2012-13 F.Y. which includes Gratuity, Retrenchment Compensation, Leave Encashment, Other settlement amounts. All above compensation will exceed basic exemption limit before claiming Section 10 Exemptions. Do we need to issue Form 16 by filing TDS returns to all workers?

2. How much is the maximum exemption limit for Retrenchment compensation? Is it Rs. 50000/- or Rs. 500000/-?

Thanks in advance.

Dear Sir,

I have query regarding TDS on Rent.I have case where one compnay had paid rent net of tds in march 2010 without booking exp and depositing tds now in dec 2012 expense of rent was booked and tds paid with interest
now that owner has rent out his asset in 2012-13 to other company where he received rent for tweleve month deducting tds and it is reflected in 26 AS with first company had booked exp and deducted tds is also reflected in 26 AS.and 26 AS in asset owner account with 13 months rent as first comapany booked exp in dec 2012.Now what should do by Asset owner and First Company

Please reply

Thanks in Advance