Dear Mr. Raghav

Thanks for reply

I was appointed a CA for scrutiny.

As I was deposited cash from my own cash on hand and withdrawn the same with in 1 to 2 days and same transaction was done so many
times.

As I was also produce my cash book to ITO. than also he was disallowed.

As I was decide to go for appeal. Any strong explanation ag. it.

WHAT IS THE DUE DATE FOR FILING OF INCOME TAX RETURN FOR THE PARTNERS, PARTNERSHIP FIRM IS IN AUDIT SO FOR PARTNERS DUE DATE IS 30TH SEPT OR 31 ST JULY

PLS GUIDE ME

Mr. Ashwani

ITO had treat as income all cash deposited in bank. so i have to go for appeal ? i was given explanation as i have to increase creditworthiness with bank therefore i was deposit cash and withdrawn the same. than also he was added as income and raised the demand.
any solution for that ?

Hello Friends

as per the below mentioned article for making the pan card u can submit the employer certificate
so can any tell me what is the employer certificate & its format
& how any one get the employer certificate

& whether the employer certificate works as address proof

waiting for your replies friends

Following documents can be used as POI and POA:

a). Proof of Identity
Copy of any of the following:

1 School leaving certificate

2 Matriculation certificate

3 Degree of a recognised educational institution

4 Depository account statement

5 Credit card statement

6 Bank account statement/ bank pass book

7 Water bill

8 Ration card

9 Property tax assessment order

10 Passport

11 Voters Identity Card

12 Driving License

13 Certificate of identity signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer.


b). Proof of Address
Copy of any of the following

1 Electricity bill*

2 Telephone bill*

3 Depository account statement*

4 Credit card statement*

5 Bank account statement/bank pass book*

6 Rent receipt*

7 Employer certificate*

8 Passport

9 Voters Identity card

10 Property tax assessment order

11 Driving License

12 Ration card

13 Certificate of address signed by Member of Parliament or Member of Legislative Assembly or Municipal Councilor or Gazetted Officer.

* documents submitted as proof of address for serial numbers 1 to 7 should not be more than six months old from the date of application.

How to calculate unabsorbed depreciation?

A Company availed benefits U/s 80 IC during AY 2006-2007 and availed 100% deduction till AY 2010-11. It invested huge amount in plant and machinery during FY 2010-11 and thus qualified for substantial expansion during AY 2011-12.

Now my query is :
-Whether the company is entitled for 100% deduction as per provisions of 80IC, as it has already claim 100% deduction during last five years..
-Whether it can opt a fresh first AY for availment of benefits and continue to avail benefits at 100% for next five years.
-This section says that overall exemption period shall not increase beyond 10 years and therefore the existing five and fresh five year benefits shall exhaust total ten years.

Our Point of view is : we can claim 100% deduction henceforth and may continue to claim at 100% benefits for next five years but the overall benefit period shall be restricted to ten years and company can not claim 100% and / or 30% deduction once total ten years are completed.

Learned members views are solicited.

I have to make payment to Citi Bank, Singpore which is a wholy owned subsidiary of Citi Bank, New York.

Rate as per DTAA is 10%

However the Bank has given me PAN of Citi Bank, India.

Whether it is sufficient to have PAN of Citi Bank, India for compliance of Section 206AA or I need to deduct Tax @ 20%.

It is but obvious that every subsidiary of Citi Bank can't obtained PAN in every country of the world.

Please suggest from Client's point of view as the burden of TDS in on Client.

Whether form 15CA and form 15CB is required to be submitted if the money is to be transferred from NRI person's indian bank account to his own foreign bank account?

I am payroll exec in one of IT company, one of my employee come and submitted medical bills which was on his mothers name, when i asked he said he will get the letter from hospital stating that she is mother of that employee, will that do for medical rembursement.

Also rent agreement copy is necessary for HRA exemption.

If the employer is bearing income tax and employee part of contributon to provident fund liability of the employee than how will we calculate TDS.
Example: Basic Salary=Rs 264,000 per month+ employer will bear income tax and PF contribution of employee.