SIMPLE TAX INDIA SIMPLE TAX INDIA To understand Indian taxes in easy way and to share all challan ,itr ,and day to day use return forms in excel,pdf and free software AND utilities helpful in compliance of Tax system . 
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SIMPLE TAX INDIA -WELCOME
2033-03-29 20:05:00 Hello FriendsWe are here to share knowledge with Tax payers and basic Funda about taxes ,we doesn't claim ourselves as Expert,so please verify from your consultant before relying upon the information given on this blog.The basic aim is to tell about things which is available on net but some how we don't know about it ,like we have a very popular service know your pan address with input as dob and pan and many more .we will browse net for you and give you extract of useful things on your desk top through email or through our tool bar.Download our free tool bar which has facility likeupdates from our blogs,google searchuseful link like verification of pan,tax calculators,useful day to day formsintra simple tax community message without writing emails.single click income tax act,rules,notifications,5 tv channals always live like AAWAZ,CNNIBN,CNBCTV18,DDNEWS,ZEE ETC YOU CAN SELECT AND SAVE ANY FIVE WHICHH CAN BE CHANGED ANY TIME.other gadgets like calculator,to do list,know your Ip ,w... More About: India , Simple
KNOW ALL ABOUT PAN,VERIFY PAN ONLINE
2033-03-29 14:39:00 WE HAVE PROVIDED FIVE /SIX TRICKS TO VERIFY THE PAN,AS YOU MAY KNOW THAT INCOME TAX DEPT HAS GIVING PAN VERIFICATION FACILITY FOR BULK PAN VERIFICATION TO PERSON FOR 1000 P.M. PER ID WE HAVE PROVIDED YOU SOME TRICKS HOW TO VERIFY PAN FREE.IF YOU ARE NOT ABLE TO DO/FOLLOW THE TRICKS GIVEN BELOW THAN SEND US DETAILS ,WE WILL DO THE SAME FOR YOU FREE...........FIND/VERIFY YOUR PANCASE :1New Update :21-02-2008:Friends as written that there are two more way to verify pan earlier but stopped working from 15/1/08 but now again one of them is working again,so i will tell how you can know pan name in simple method.this facility is actually to print challan form but while print challan from after filling pan in the form and after submission of submit button pan /tan name will be shown if pan/tan is correctso VERIFY YOUR PAN NOW IN SIMPLE WAYIF ABOVE LINK IS NOT WORKING THEN TRY FOLLOWING PROCEDUREwe are explaining you how to misuse a service,means what we are giving you are not made for pa... More About: Online
TOOL BAR FOR CA (ICAI COMMUNITY)
2033-03-29 05:47:00 Dear Member ,we have created a tool bar the main features of the tool bar is given below.Toll Bar has already been downloaded by var __bannerBaseUrl = 'http://hosting.conduit.com/'; var __counterType = 'Textual';var __ctid = 'CT1596190'; var __counterKey = 'e837e304c84d0c279d15d2270c07af6b'; var __downloadUrl = 'http://ICAI.Community Tool bars.com/exe'; __CreateToolbarCounter(); members.direct link to online calculatorsemiloan interest/emi/amount/periodfixed depositannuityrecurring deposit calculatorDownload NowDirect link to know yourpanpan application status(nsdl)pan application status utitantan application statusservice/excise tax codetax deposited/deducted/collectedDownload NowMain Features of Tool barSearch powered by GOOGLE clickDirect link to ICAI websiteDirect link to ouR groupS and list of recent Message with linkImportant link in ICAI websitedirect link toincome tax actincome tax rulesincome tax notificationitr and challan form (FROM MY BLOG)s...
TDS IS TO PAID MANDATORY ONLINE OR NOT?????
2033-03-29 01:28:00 Dear friends,As you may know that E-PAYMENT OF TAXES has been madeMANDATORY FROM 1.04.08 for certain category of tax payers i.e1.All Corporates.2.person other than corporate but covered under section 44ab(compulsory Tax audit)The e-payment means pay the taxes through net facility /internet/net banking or Credit or Debit card .Payment Facility to taxes through credit and debit card is yet to be finalised by the banks though allowed by income tax deptt. /CBDT in his circular/rules.Now RBI has come up with a circular to implement the scheme and instruct the banks "not to receive payment from the corporate assesse in physical challan at all".In circular its is strongly written in bold letters that"Assesses who's pan's 4th digit is "C" can not deposit tax in to bank branches manually,Physical challans from such assesses shall not be accepted across the counter.Moreover in circular RBI has instructed the banks that in case of person covered under section 44AB and required to deposit t... More About: Paid , Online
INCONSISTENCY IN QTRLY ETDS/ETCS STATEMENT
2033-03-07 05:10:00 Directrote General of Income tax(systems) is serving letters regarding inconsistency in the quarterly etds and etcs returns submiited by assessees.Formats of Table showing inconsistencies is given below.provisional receipt no of original statement quarter form no total no of deductee records in statement count of deductee pan (structurally valid) not present in ITD database count of missing pan (PANNOTAVBL, PANAPPLIED, PANINVALID) Total no of challans in the statements results of challan matching challan fully matched Match Failed CIN IN Statement not found in bank data amount does not matched different TAN in challan & statement amount +TAN MISMATCHED www.simpletaxindia.blogspot.comWording of the letter issued nowhere suggests that you have to file a correction/revise ETDS/ETCS return but we should file,as PAN ledger of the deductees from whom we have deducted the tax will not be completed unless ...
INCOME TAX RULES 2008 E BOOK FREE
2008-06-25 20:04:00 Download free e book on Income tax rules 2008 up to date .just fill the simple form and you will be guided to download page.so start downloading now.this book is complte and u can use them after down load ,total download is only 2.5 mb ,once downloading is complete no need for internet connection more .books are updated upto new Finance act .You can also get it printed and can save notes in them have search option also.so get them now its totally free ,one time registration required ,give correct email address as the downloading link will be send through the mail also.Fill this form and on submit one more form to fill & u will be guided to download page.Download Tool Bar FOR CA's(ICAI Community)DOWNLOAD INCOME TAX ACT 2008 EBOOK FREE More About: Free , Book , Rules , E-book
HOW ONE CAN CREATE HUF(HINDU UNDIVIDED FAMILY)
2008-06-01 19:59:00 Though every body is interested in this question and this question has been asked by many and generally not have any answer in text book also ,why it so ?The answer is very Interesting that the above question is wrong the correct question is"how we can create capital for Huf 'we can not create Huf but can arrange capital for it"Till the time the HUF has an empty kitty,it is like a balloon that no one has yet blown air into. A balloon can rightfully be called a "ball"oon only when it swells up with air inside it. Without the air the balloon is inert,dormant. An HUF too is inert and dormant without funds."....................CA Sanjeev Bedi(ludhiana)"The million-dollar question indeed is: How to blow funds into the HUF and turn it into a balloon that floats?A member of the HUF throwing his money into the common pool, or to use that overused cliché' the family hotchpot, is out of the question, thanks to Section 64(2) which would tax the income earned by the HUF on that money in the ... More About: Family , Hindu , Create
CHALLAN TENDER DATE ,PAYMENT BY CHEQUE
2008-06-01 19:52:00 Ques:Banks are not giving challan tender date in case of payment by cheque but giving date of clearing of the cheque,Now if we have deposited the cheque before the due date but cheque cleared after due date what are the proof we have regarding challan tender date ?Ans:I have collected the latest position of law regarding payment of taxes by cheque,you may read that also .regarding above question Though I am in the of the view that bank should give tender date on the challan But I think this is not an issue at all,why I think so please check it outThough the bank has not giving proof to us challan tender date ,but the bank prepare multiple record regarding cheque receipt ,which can be called for if any penalty is leviable by any authority.so not to request bank officials to put tender date for every challan .I think no body has qualification regarding above that bank has multiple record regading check receipt date.The new thing I would like to add that bank are also sending data of ... More About: Payment , Cheque , Tender
FREE INCOME TAX ACT E-BOOK
2008-06-01 07:32:00 FREE E-BOOK ON INCOME TAX ACT UPDATED BY FINANCE ACT 2008,Download free e book on Income tax act 2008 up to date .just fill the simple form and you will be guided to download page.so start downloading now.this book is complete and u can use them after down load ,total download is only 2.5 mb ,once downloading is complete no need for internet connection more .books are updated up to new Finance act .You can also get it printed and can save notes in them have search option also.so get them now its totally free ,one time registration required ,give correct email address as the downloading link will be send through the mail also..Fill this form and on submit one more form to fill & u will be guided to download page.DOWNLOAD INCOME TAX RULESDOWNLOAD TOOL BAR FOR CA'Ssorry to Those friend who are not able to download the file due to limited band width More About: Free , Book , E-book , E Book
CST RATE REDUCED TO 2 % FROM 01.06.2008
2008-06-01 01:42:00 Dear Friends ,Long awaited CST rate Notification has been issued yesterday ,according to which CST rates Has been Reduced To 2% w.e.f 01.06.2008 . Full Notification text Has been given below"On the basis of the discussions between the Empowered Committee (EC) of State Finance Ministers and the Union Finance Minister regarding the compensation package, the Government of India, Ministry of Finance, Department of Revenue has issued a notification on 30th May, 2008 to bring into effect from 1st June, 2008 the new reduced rate of CST of 2 per cent on inter-State sales of goods. The notification of new CST rate of 2 per cent in place of earlier 3 per cent is in accordance with the announcement made by the Union Finance Minister in his budget speech in Parliament in February 2008 that the rate of Central Sales Tax would be reduced.The rate of CST on inter-State sale of goods to registered dealers (against Form-C) shall now be the lower of 2 per cent and the rate of VAT or State Sales Tax ap... More About: Rate
SAVE TAX:LONG TERM CAPITAL LOSS FROM SHARES?
2008-05-21 19:07:00 By reading the title of the post you will be thinking that there is no tax on long term capital gain on shares then what is the relation between tax saving and long term capital loss?But after reading the next few lines you will definitely understand the trick(tax planning tip).The trick is legitimate method to save the tax.Brief Provision of Tax on LTCG on sharesTo understand this tip first of all I would like to discuss the taxabilty provisions on Long term capital Gain/Loss From shares and securitiesFrom 1.10.2004 onwards sale of a long term security (means where holding period is more than 12 month) ,on which STT paid (Securities Transaction Tax) is not liable for tax and fully exempted from Income Tax.As the long term capital gain from the sale of securities is exempted from tax ,loss from such deals can not be adjusted from the other capital gain and can not be carry forward either.Securities Transaction tax (stt) is payable for transaction made through stock exchanges.what... More About: Save , Shares , Capital
TAX DEPOSITED BY CHEQUE BEFORE DUE DATE BUT REALISED AFTER DUE DATE??
2008-05-18 08:42:00 The question before us is"if tax is deposited on or before due date through cheque but en cashed after the due date ,whether it can/will be treated as "default in payment?" First of all I take clear provisions regarding the above question.Service TaxAs far as Service tax is concerned the position is very much clear .As per service tax rules 1994 rule 6 (2A) if the service tax has been deposited through cheque than the date of presentation of cheque to the bank will be deemed date of payment .so for service tax rule is clear.rule is reproduced hereunder "(2A) For the purpose of this rule, if the assessee deposits the service tax by cheque, the date of presentation of cheque to the bank designated by the Central Board of Excise and Customs for this purpose shall be deemed to be the date on which service tax has been paid subject to realization of that cheque."other important points regarding payment of service taxIf last date is a holiday - If last day of payment and fi... More About: Cheque
BUY HOUSE SAVE CAPITAL GAIN ON SALE OF HOUSE
2008-05-16 04:30:00 Dear Friends,In this post I am trying to cover all the issue related to saving of tax under section 54 of Income tax act-1961 ,if any issue left of you have a different opinion than our you may please record in comment section.As per section 54 capital gain arising from the sale of the long term residential property can be saved if we buy or construct a residential house property for long term form the capital gain amount.Important points in this regard are given belowSection benefit can be availed only by Individual and HuF assesseeSale should be of long term residential building or lands appurtenant theretoIncome of house property should be chargeable under the head of "income from house property"Capital gain arising from sale of above said property will be saved up to the amount used in topurchase a residential house within year before the date of transfer of old house or within two year after the date of transfer of old house.orconstruct a house with in three year from dat... More About: House , Save , Capital Gain
DISALLOWANCE U/S 40(a)(ia) TDS DEFAULT ALLOWED
2008-05-12 03:36:00 DEAR FRIENDSGood News for all of us.While passing the finance bill 2008 as provision relating to section 40(a)(ia) has been amend to give us relief from minor tds deduction defaults from retrospective effect from assessment year 2005-06 means since inception of this controversial amendments.what was the position earlieras per section 40(a)(ia) all the expenses u/s 30-38 will be disallowed iftds has not been deductedtds has been deducted but has not been paid during previous year or in subsequent year in time as prescribed in section 200.on Interest, commission, brokerage, rent, royalty, fees for technical/professional services payable to a resident ,amounts payable (for carrying out any work contract)to a resident contractor/sub-contractorprovided that if tax has been deducted and paid in subsequent year ordeducted in previous year but paid in subsequent year after expiry of the time limit u/s 200then expenditure will be allowed in the year of payment of tds.what is position now a...
SERVICES TO ASSOCIATED ENTERPRISES TAXABLE
2008-05-11 14:15:00 Earlier the services provided to "customers" and "clients" are taxable but now in budget a new provision has been inserted in which it is stated that services provided to associate enterprises are also taxable and to give effect to this provision a amendment has been done that service tax is payable on receipt of credit in the book of accounts .this amendment will be applicable from 10.05.2008. The following points main points are comes from these amendmentsSection 67 has been amended. As per this amendment, service tax is required to be paid by the person liable to pay service tax on the taxable services provided even if the consideration for the taxable services provided is not actually received.In such cases, service tax is required to be paid immediately after crediting/debiting of the amount in the books of accounts or receipt of payment, whichever is earlier.This provision is restricted to transaction between associated enterprisesThis amendment Comes into force w.e.f. 1... More About: Services
I NEED YOUR WISHES
2008-05-10 02:20:00 DEAR FRIENDSTODAY(10 MAY) IS MY MY BIRTHDAY ,I NEED YOUR GOOD WISHES ,SO SEND WISHES ON EMAIL GUPTARAJIN2002@YAHOO.CO.IN OR RECORD YOUR MESSAGE IN COMMENT SECTION.THANKS IN ADVANCE More About: Wishes
TDS ON RENT 194-I NOT INCLUDING SERVICE TAX
2008-05-01 16:16:00 A long awaited clarification regarding tds on payment of service tax on rent u/s 194-I has been Issued by the CBDT.Details about the issue is given hereunderBrief about section 194-IRent is to be deducted by all person on payment of rent except huf and individual who's sales is less than limit specified in section 44AB(tax audit)(40 lacs for business 10lac for professionals)Rent means any payment by whatever name called, under any lease, sub-lease, tenancy or any other agreement or arrangement for the use of(a) land; or(b) building (including factory building); or(c) land appurtenant to a building (including factory building); or(d) machinery; or(e) plant; or(f) equipment; or(g) furniture; or(h) fittings,section is applicable even in case of payee is owner or not.Rate of tds isFor use of any machinery or plant or equipment:10%For other assets :in case ofPayee is Individual or Huf:15%other case:20%Tax is deductible only if amount of rent paid is more than 12oooo ... More About: Service
FAQ's for RTGS / NEFT
2008-04-26 06:43:00 What is Inter Bank Transfer? Inter Bank Transfer is a special service that allows you to transfer funds electronically to accounts in other banks in India through: NEFT - The acronym ?NEFT? stands for National Electronic Funds Transfer. Funds are transferred to the credit account with the other participating Bank using RBI's NEFT service. RBI acts as the service provider and transfers the credit to the other bank's account.RTGS ?The acronym ?RTGS? stands for Real Time Gross Settlement. The RTGS system facilitates transfer of funds from accounts in one bank to another on a ?real time? and on ?gross settlement? basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India. What is the minimum / maximum amount for RTGS /NEFT transactions? Type Minimum Maximum RTGS Rs. 1 Lakh ...
eTDS RETURN -WRONG NAME BUT CORRECT PAN
2008-04-25 04:42:00 I HAD SUBMITTED THE QTR I TDS RETURN WHERE WE WRONGLY MENTIONED THE PARTY NAME BUT PAN NO. WAS RIGHT, FOR EXAMPLE INSTEAD OF ASSOCIATE I HAD WRITTEN INTER PRISES. THE QUESTION IS: MAY I MANAGE THE IT WITHOUT REVISE THE TDS RETURN. IF YES THAN HOW......?IF YES, THAN WHAT ABOUT 16A CERTIFICATE?WILL I HAVE TO REVISE THE QTY I TDS RETURN. ...........Sewak RamAns:First of all ,we should know what will be done by deptt after receiving the return.After receiving the return deptt computer software follow the following stepscheck for challan we have given in the etds return if challan data and compare the data given by us and uploaded by the banks in which we have deposited the tax ,this matching is done on three para meters and technically called as CIN(challan identification number) this is consist ofchallan tender date(DDMMYY)bank bsr code(7digit)challan serial number (5 digit)if all the three above matched against your tan and amount is also matched than the challan status shown as match... More About: Return , Wrong
ITR EXCEL 2008-09 AY SOFTWARE RELEASED
2008-04-21 18:13:00 Dear friends,e-filing of Income tax return for Assessment Year 2008 -09 has been been started.Intially it has been started for three forms .All the three Return preparation Utilities (RPU)software are excel based.you can use them as efiling software or you can also use them as manual return preparation and can print it for record .All the rpu use Macro in M S Excel so before using it set enable macroand set security setting accordingly to use the same.so start using efiling nowyou can download e-filing RPU(SOFTWARE) for ITR from belowITR-1 EXCEL:For Individuals having Income from Salary/ Pension/ family pension & Interest RELEASED ON 15/04/08ITR-2 EXEL:For Individuals and HUFs not having Income from Business or Profession RELEASED ON 21/04/2008ITR-3 EXCEL :For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship RELEASED ON 21/04/2008ITR-4 EXCEL:For Individuals & HUFs having income from a proprietory business... More About: Software , Released
TAX PRO CHALLAN 2008-09 WITH ADVANCE TAX AND 5 IN ONE CALCULATOR
2008-04-20 10:00:00 This software has combination of three softwares(21.4 MB)EMAIL READER CLICK HERE TO ORDER DEMO VERSIONTAX PRO CHALLAN FY 2008 -09ADVANCE TAX CALCULATOR FY 2008-09 AY 2009-105 IN ONE CALCULATORDETAIL OF EACH SOFTWARE ARE AS UNDERTAX PRO CHALLAN FY 2008-09Features:Maintains Assessee Index and Master data with innovative presentation and unlimited Assessee .Automatically fills up every challan with Assessee Master data.Stores the challan for every Assessment Year.Master Data can be imported from existing freeware TaxPro Challan s/w.Challans can be printed on plain paper .Automatic calculations like totaling, add, less, percentage, etc, while filling challan.All Challans (Challans 280, 281, 282 and 283) can be printed with Barcode Support for PAN & TAN .Challan Register can be maintained for all saved challan and facility to view details for each challan.Free for 30 day can can be purchased for 490 plus taxesADVANCE TAX CALCULATOR FY 2008-09 AY 2009-10UNLIMITED ASSESSEEDATA BASE SY... More About: Calculator
ETDS 24 Q ANNE II SALARY REURN COLUMN HOW TO FILL.
2008-04-14 07:13:00 Hi, I am in the process of filing up all the details for salary using a software... in that software the deductions tabs are for section 16 (ii), 16 (iii) and deductions under chapter VI-A. so where do i put deductions for allowances under travel allowance (Rs 800) and HRA calculated for different heads................Somendra DaroliaAns:you will be surprised to know that in annexure II q4 form 24 (ETDS RETURN FOR SALARY) the above detail are not required to be shown at all so there is no question of in which column it is to put.I am not familiar with your software but as per NSDL etds performa there are number allotted to each column ,I think in software also there are numbers against each column ,so please refer column 332 in this column put the salary income net of all deduction and additions.for example total salary is 300000 perquisties 20000 ,hra exemption 40000 ,transport allowance 9600so you will put 300000+20000-40000-9600=270400 in column 332 .I am giving hereunder all th... More About: Column , Fill , Salary , Anne
ONLY CA CAN AUDIT UNDER MVAT-BOMBAY HIGH COURT
2008-04-09 17:31:00 In a decision that will affect the lawyers specialising in Sales Tax laws as well as former Sales Tax officers' who work as sales tax practitioners, Bombay High Court has held that only Chartered Accountants (CAs) can audit and certify accounts for traders. Hitherto, traders had to hire only sales tax lawyers or former sales tax officers as advisor's in tax matters. But a recent amendment to Maharashtra Value Added Tax Act made it mandatory for traders with sale of over Rs 40 lakhs to get their accounts audited and certified by a professional CA. The amendment specifies that only a CA can audit the account. It allows lawyers and other sales tax practitioners to represent traders before sales tax commissioner and tribunals, but not to audit accounts. Various organisations, including Bar Council of Maharashtra and Goa, the Sales Tax Practitioners Association of Maharashtra and Bombay Small Scale Industries Association moved High Court , claiming that this restraint violated right to... More About: Audit
NEW ITR FORMS 2008-09 NOTIFIED
2008-03-30 13:08:00 The CBDT has notified the new ITR forms for Assessment Year for 2008 -09however the software speceification for efiling of return has not notified yet and will be notified in due cource. ITR-1 (in Regular Font) ITR-1 Instructions For Individuals having Income from Salary & Interest ITR-1 (in Large Font) 2 ITR-2 ITR-2 Instructions For Individuals & HUFs not having Income Business or Professionfrom 3 ITR-3 ... More About: Forms
SIXTH PAY COMMISSION REPORT SUBMITTED
2008-03-24 18:34:00 Full Download: 6th CPC Report | Annex Studies Terms of Reference View ResponsesMAIN FEATURES:* High performers to get 3.5% increment against normal 2.5%* Enhanced pay scales for nurses, teachers and constabulary* Existing rates of most of the allowances to be doubled* Education allowance reimbursement at Rs 1,000 per child amonth against Rs 50 now* Hostel subsidy to be increased 10 times to Rs 3,00... More About: Commission
PAY LESS SHORT TERM CAPITAL GAIN -HOW?
2008-03-23 17:34:00 Dear friends ,As you know in budget 2008 ,our Finance Minister has increased the short term capital gain on share transaction, on which securities transaction tax (STT) has been paid, from 10% to 15 % .This has been done under section 111A for Indian resident and under section 111d for FII from Assessment year 2009-10.what was in section 111AAs per section 111Aif a person's total income includes Short term capital gain from transfer equity shares or unit of a equity oriented fund andSTT has paid on transferthan rate of tax will 10% flat and on other income of the assessee tax will be calculated as if such balance amount is total income of the assesseehowever in case of HUF and Individual if assessee balance income is less than the total exemption limit than such short-term capital gains shall be reduced by the amount by which the balance total income as so reduced falls short of the maximum amount which is not chargeable to income-tax and the tax on the balance of such short-term ... More About: Short-term , Capital , Term , Capital Gain
Wish all of you a Colorful HOLI
2008-03-21 16:12:00 Send this eCard ! Apun wishing you a wonderful,Super-duper,Zabardast, Xtra-badhiya,Xtra special,Ekdum mast and dhinchak, Bole to ekdum jhakaas ?Happy Holi?.Download Our Free Toolbar More About: Colorful
HRA AND HOUSE LOAN IN SAME CITY CAN BE CLAIMED.
2008-03-21 13:17:00 I have taken a House Loan for a new house which is far away ( around 16KM ) from my office.( My new house and office are in same city ).I am staying for rent near to my office.As of now my parents are staying at new house which was bought on House Loan.and I stay with my wife at the rented house.CAN I CLAIM BOTH HRA AND HOUSE LOAN FOR TAX BENEFITS ?Sharath Chandra Reddy As per income tax act both benefits are independent of each other and there is no relation what to so ever in claiming HRA exemption and House loan interest ,if person fulfill conditions to avail benefit given in ACT than he can claim ,and condition is be checked separately for each section.If law has not given any condition or linking in both the sections than why DDO are linking it ,I don't know.lets discuss with provision of the act.HRA EXEMPTION(HRA EXEMPTION HOW TO CALCULATE)To claim HRA Exemption following point/condition to be satisfied.Persons has a salary income and Getting House rent allowance... More About: City
cORRECTION IN eTDS STATEMENT/RETURNS LESS DEDUCTION OF TAX.
2008-03-18 04:01:00 Dear Friends,etds are now a days some what new and mandatory to many persons ,to me also ,but even difficulties we face ,it is more beneficial to us and a very good step towards e governance .Problem difficulties can be sought out with view sharing and request all to share your view with each other so that our knowledge can improve with every problem.so each time we have a problem /difficulty in any work we should happy at that time because we will sole that problem sooner or later and out knowledge will improve.Now come to the point a specific question has been put to me by Mr Rajiv jain again ,I found this question very interesting to me ,I have a answer to it but not sure so with the guidance of CA SHIV JINDAL (FCA)(Mobile:will be published after their permission), I am giving a solution to this problem. Ques:A deductor has deduct tds @ 5% instead of 10% and submitted etds return accordingly, for 1st quarter.Now if he deduct balance tds amount @ 5% from deductorwhether he ... More About: Statement
EMPLOYEE WORKING PART OF THE YEAR ETDS RETURN AND FORM 16
More articles from this author:2008-03-16 11:23:00 Dear friends ,as the year end is coming closer ,workload is increased due to various return to be filed and finalisation of accounts and one of the work is filing of Etds returns for salary form 24q .In last quarter a one additional annexure i.e annexure II is to be filled in addition to regular quarterly return.My Dear Friend Rajiv Jain has discussed some of the problem relating to last quarter salary return (ETDS q4) and I have tried to resolve that problems to best of my knowledge and I thing you may have also facing problem like that so I am giving the ques and answer for all of you.ques:A person has worked under four employer in a financial year. 1)tds 1000 has deduction under 1st employer. 2) tds 2000 deducted in 2nd employer. 3 tds 3000 deducted under 3rd employer. 4) now in forth quarter he has received salary rs 40000/ and deduct tds 400/- - and save money 100000 under section 80c with 4th employer. being an employer, while submitting etds return , annexure II ... More About: Part , Return , Employee , Form , Working 1, 2, 3 |
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