Anonymous
06 September 2012 at 15:57

Clarifications sought by ac, income tax

I have been sent a letter by AC, Income tax to appear for clarifications on September 21 wrt AY2011-12. Since my travel plans with the parent company were fixed well in advance and tickets issued, I have to leave this country on September 19 and return on October 10.

What can I do? Can I appoint my CA to represent my case and submit the acceptance by him as an affidavit?

Also, what is the back up needed by AC, IT?
I have claimed relief under section 90 as taxes were paid in Europe.

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Anonymous
05 September 2012 at 17:21

Allowable expenditure

whether the following are allowed while computing the taxable income of the company :

1. Interest paid on late deposit of TDS

2. MCD Tax (i.e House Tax) paid for the premises which is being used for the purpose of carrying on the business ?

Thanks in Advance...

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bharath
03 September 2012 at 16:39

Ca certification for home loan

Dear experts,
i Am Purohit. i get salary from pooja 25k Monthly. but i didnt filled income tax return. in bank ask me please provide your IT returns .
i have on doubt . how much tax shall i pay ?
what ITR return i can file ?
How to certifiaction make by Ca?

Please resolve my query . because i have urgent need loan from bank .
For 2 lakh how much show income ?

Thanks alot in advance for all experts


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Anonymous
01 September 2012 at 00:14

Hp interest

If an assessee takes loan from friend or relative for buying house ,and if there is a valid agreement to repay int and loan amount ,can he claim deduction for Int on borrowed capital under Income from House property.Or only banks /financial institutions loan would be valid? Pls explan with reference to construction within 3 yrs from date of borrowing

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Anonymous
31 August 2012 at 23:46

Income tax return

This year I've submitted my first return and when i received a email from tax deptt, the attachement had 5 pages including the computation of income....does that mean i've to undergo assessment procedure......I only had income from other sources......i don't know what exactly this is....

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Hari Om
31 August 2012 at 16:13

Section 44ad urgent

Dear Experts,
There is an assessee( individual trader), whose gross profit in AY 2012-13 is coming to Rs. 45000/- as per accounts on the sales of 23 lacs. Despite that whether still he can opt section 44AD by declaring net profit Rs. 184000/- or not?

Please advise me.

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swasti
31 August 2012 at 11:00

Documents

If any person is e-filing his return and claiming deduction u/s 80DD, where to submit the certificate pertaining to 80DD as during e-filing no document could be sent alongwith.

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Dhaval
30 August 2012 at 13:21

Refund

Is IT refund taxsble or exempt income?
Where it is mentioned in IT act?

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Anonymous
29 August 2012 at 19:58

E filing password

Dear Sir,
One of my Client has changed his CA and his former CA not telling the e filing password, I tried to reset password on PAN details, but new password sent on the e mail ID of that CA. Then I mailed on validate@incometax.gov.in, but no responce still after 15 hours.
What is the way to solve the problem.
Please advise me.

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Anonymous

Our company is into trading of software goods.As per our advice of statutory auditors since the royalty definition has been amended, tds is applicable on all the software purchases from our vendors whether the service tax has been charged on it or not. Also, let us know the date from which the TDS is to be deducted on software purchases.

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