Assessee is a private limited company. Return of Income was filed declaring loss. TDS credit was claimed. Deductor has not deposited the TDS with the ITD. During the scrutiny proceedings the A O verified the party statements which shows that TDS has really been deducted. Deductor was also summoned for giving statement regarding the transactions with the assessee. However, while passing the order acceptance or otherwise of the TDS claim has not been mentioned by the A O. Whether, the A O is not duty bound to pass the order either to accept the TDS claim or reject the same while passing the assessment order; especially when the amount of TDS is substantial and the credit has been claimed in the RoI.
Thanks in advance

I have cleared CA Final in Nov 12, Age-22 now, Thinking of doing IAS, but not able to make up my mind to proceed with it or not.
Please suggest with reason.......

I HAVE A rice mill operating in a village. PF is applied on my co but my employees are labourers they are not ready for pf so in the initial years i have made 24% contribution from my side but its not a long term solution.. Please help me in this situation

My Final attempt due in Nov'14.IS any of the following changes are effctive to my attempt?
Accounts - IFRS/IND ASs
Law - Latest Comapanies Act
Tax - DTC
Tax - GST

When shall i start my coaching and in which order ??

I have four years old flat at Bhubaneswar, Orissa. I am planning to book a under construction villa jointly with my wife at Bangalore, with a home loan from a Bank. I would like to sell my Bhubaneswar flat and invest the capital gain for my under construction villa at Bangalore. Bhubaneswar flat is in my name, but Villa at Bangalore will be booked by both – me and my wife. Wife is not working and she has no income. Please clarify below.

1. If I sell my Bhubaneswar flat which is in my name, can I use the capital gain in my under construction villa (me and my wife) at Bangalore ?

2. Bangalore villa will be booked around May-2013 and most probably I will get the passion by Jan-2015. Agreement with builders will happen in June-2013 and villa registration with sale deed towards Oct/Nov-2014. Please let me know the time frame for selling my Bhubaneswar flat so that capital gain is not taxable.

3. While computing the capital or loss, which date one should consider- Agreement date with builders / actual registration date through sale deed / Possession date of first house?

4. From income tax point of view, what other things need to be considered while selling my Bhubaneswar flat. Particularly 80C charged for last couple of years will be taxable?

SALARY Payable to PROJECT MANAGER & CONSTRUCTION MANAGER, should be considered as office overhead or it should be proportionately debited to Project Expanses, Kindly Clarify..

My spouse has taken home loan on her name. She is paying the loan from her own funds.
We are cohabiting.
My query is as follows
1)Can I pay rent to my wife and claim HRA?
2) can my spouse claim interest exemption u/s 24
3) How much interest can she deduct under sec 24? only upto 1.5 lakh or higher as technically if she takes rent from me it would be let out?
4) If property were considered let out, can she claim the entire house as let out or only a part?
Assuming i pay her fair market rent into her savings account

Is it in anywhere in provisions that if you have 3 yrs or more working experience in a ca firm,u will get exemption from undergoing 15 months of cs management training...????....Please help.

A ltd has 60% Shares in B Ltd which inturn has 20% shares in C Ltd. Also, A Ltd hold 14% shares in C Ltd.
As per AS 18, A ltd has substantial control over the financial or/ and operating working B Ltd and B Ltd has significane influence on the financial or/ and operating working of C Ltd.
Also, its clear that A Ltd holds significant share in C ltd, directly as well as indirectly.
My question is how much do we consider A Ltd's hold? 14% + 12% (20% Of B Lts's shares)= 26%, signifying a significant influence over the business or 14% + 60% = 76%, signifying control over the business.

sir,

we are having factory and office within the same city. however in service tax registration we have mentioned the factory address and availing service tax as input credit. whether we take creditfor service tax for bills addressed to office address even though the same is not registred in service tax registration.