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Queries Participated

Ganesh babu   22 May 2013 at 11:10

Procedure to file time barred incometax return

dear sir,

please let me know procedure to file incometax return for A.Y.2011-12 which is time barred.

Assesse is NRI and having rental income refund of Rs.40,000

i Know that it is possible U/Sec.119(2) please let me know about procedure to file return and get refund

monish   20 May 2013 at 13:03


If there is a short deduction of TDS and we are deducting remaining TDS now,& we are going to write off the TDS(deducted now) as there are no further transactions with that party. should we consider the provisions of section 195A while deducting remaining TDS.

ashok thakker   14 May 2013 at 10:56

Tds on reimbursement of charges

We have been receiving a part of electric charges from our clients as reimbursement against debit notes raised.
Now, this year one of the clients insist on deduction of TDS on this amount,whereas all past years they never deducted.
Pl advise if it is deductible receipt.


ashok thakker

asgari   12 May 2013 at 08:59

Tds on m.a.c.t. award interest

There is lof of confusion on TDS on MACT Interest. It is clear that it is taxable.
But the problem is for Insurance Companies....
Some company prepare cheque for amount of TDS deducted and give these cheques to MACT COURT along with award amount cheque.......
Some deposit TDS amount with INCOME TAX
Who is right....
In first case the claimant get both amount instantly from MACT i.e. award amount+Interest and TDS amount
In another case the claimant get only Award amount + Interest anf for TDS amount he is given FORM16A and he has to file return with Income Tax to get it refund.....
Is there any judgement in this regard ... if any please provide....
I am aware of some judgement in which judge writes in judgement that TDS amount deducted should be deposited with court... In some judgement judge instruct not to deduct TDS....
please guide us in this matter......

Stella James   09 May 2013 at 13:25

Tds deducted without any information

Dear Experts,

The finance department has deducted TDS for our employees without giving a prior information. The newly joined employees are not aware of the processes. No declaration has obtained from the newly joined employees.

Therefore I would like to know if there is any provision in Taxation law that the employer should collect the declaration from the employee or check with the employee before initiating the TDS deduction from their salary.


ashok thakker   02 May 2013 at 08:59

Interest on tds 2012-13

Mine is a proprietorship concern,we have found some discrepancies in TDS returns in 1st and 3rd qtr of fy 2012-13.Some interest is due to be paid,we have decided to pay it now till May'2013 from the date of payment of TDS and file revised returns.Agency whom we have entrusted the job of filing TDS returns say it can not be done now till a default is created by Department, why can't we do it voluntarily ? pl advise exact procedure....for correcting this mistake.

ashok thakker

Tarun Aggarwal   29 April 2013 at 16:47

Tds return wrongly filled through e filling

I have wrongly deposited my TDS through internet banking ,stating the assessment year 2012-13 which was to be 2013-14 and also stating the nature of payment as 94B INSTEAD of 94A. Kindly suggest me how to get my cyber receipt corrected,so that i can file my return. I am deductor not the assesee.

Bhalnish Desai   25 April 2013 at 16:29

Form 16

Do we have to provide form 16 to those employees from whom we have not deducted TDS.

venish ladva   25 April 2013 at 13:54

Tds on fixed deposit

what is accrued interest?
how to calculate it??

when we have to make entry for tds in books??

what is the accounting entry for accrued interest???

whether we have to reverse entry for accrued interest in next FY ??

thanks in advance

ashok thakker   25 April 2013 at 11:29

Tds nil returns

Mine is a pvt. Ltd, company,since last two FY we have not made any payments which calls for TDS deduction,we have TAN no. somebody suggested in this case we need not file NIL returns every qtr. pl advise....


ashok thakker


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