Is there any tax exemption for units registered in a SEZ (S.10AA) after 01/04/12? The finance act 2009 extended the sunset clause for units under section 10A and 10B till AY 2011-12. Is that applicable for section 10AA units also ?

Whether dividend received by member of co operative bank from co operative bank is exempted from income tax?

For reducing sales consideration from block of assets sale consideration should be taken as including statutory dues or excluding statutory dues? Like if sale value of asset is Rs.22.5 lakhs including vat amount of Rs.2.25 lakhs then which amount should be deducted from the block of asset is it Rs.20 lakhs or Rs.22.5 lakhs.

I worked with an educational institution run by an educational society from Sept 11 till March 2012. I was issued salary certificate and experience certificate only upon the condition that I deposited the TDS for the entire tenure in cash through my online bank account in the name of the educational society. However, even after this the employer has not issued Form 16 or TDS certificate despite repeated reminder. Will I be able to claim TDS deduction even though I deposited the TDS in the name of the society? Can I claim to have deposited the TDS even though I have almost nothing to prove my point except the online receipt generated at the time TDS was deposited? How do I go about it? Should I give a notice to my employer even before the last date of filing IT return for this AY or after that?

Dear all,

I have received a demand of TDS from ITO. However unfortunately, notice is lost. We have written letter to ITO -TDS to give duplicate notice but he has not accepted tyhe same. He denied to provide duplicate notice. He asked us to provide the Assessment year for which notice is issued. However as notice is lost we cannot provide it to him. Is there any procedure through which we can get the duplicate notice?

Thanks

Dear expert,
I had filed 26Q return for 4th quarter on 25-04-2012 and downloaded the form 16A on 30-04-2012 for the same from TIN website. On 2-5-2012, I received email for defaults.
Therefore on 24-5-2012 I had filed revised return,which have been accepted by tin on 26-05-2012 and on 28-5-2012, again downloaded the form 16A. However those form 16A were showing old amounts as shown in the original returns and also still the date of updation on them is 28-4-2012.
Please advise me.

Hi
want to know how many amendments we have to study for nov 2012 c.a final direct tax exam...I have given exams in may 2012...bt may b not cleared...so want to know amendments from oct 2011 to april 2012...so that i can start my study according to that updation...please reply..

Thanks

I had a doubt regarding practical issue concerning bonus. It has remained unresolved since year 2008. Below is link to the post :



https://www.caclubindia.com/experts/bonus-provision-practical-issues-27021.asp



The experts who tried to respond to query have not replied to my further question based on their reply.



I request someone to please resolve the query.


Kindly note that in the above case bonus liability booked is ACTUAL bonus payable to employees. The entry is similar to salary payable on which TDS is deducted.


Thanks.

I GOT NOTICE UNDER SECTION 143(1) DEMANDING TAX TO BE PAID NEARLY ABOUT 69000. THE PARTICULARS OF NOTICE REVEALED AN INCREASE OF BUSINESS INCOME BY 50000 AND TDS DEDUCTED BY ME IS NOT DEDUCTED BY DEPARTMENT IN NOTICE HOWEVER TDS APPEARS IN 26AS UNDER SECTION 194H PLZ HELP ME OUT HOW TO KNOW IN DETAIL WHY DEPARTMENT HAS INCREASED INCOME BY RS 50000.AND WHY DISAALOWED TDS .

Respected Sir,

What is cash transaction limit in case of trust?
if it is more than Rs.20,000?


Thank you in advance