sirs,
what are the things to be followed under income tax, service tax and any other tax other regulation acts to run a proprietor business taking software projects form foreign countries and getting payments from foreign through bank transfers.
the turnover of the business likely to exceed 25lacs pa.
what would be the consequences to be faced if there is no registration under service tax and filing no IT return for past 2 years

thank you

Hi Sir/Madam

Please confirm,

If the assesse has been expired and he has only salary income so

Whether he needs to file Sahaj form or ITR-2? As in Sahaj form there is no option to fill the representative details but ITR-2 has these details.

I spoke to Ayakar Sampark Kendra and they told that only Sahaj from need to fill and the representative can sign the form on assesse behalf. Is this correct?

With best regards
Vimal Shankhwar

if any son gives money to his parents...then will it be consider as gift or loan + what will its tax implications?

....if that money is invested by his parents in shares....then what will be the effect?

Hi Everybody, we have remitted the Additional amount of Rs. 68400/- towards TDS by mistake done by the previous employee, so is it possible to utilize the same amount and Challan number for the current year, Matter most Urgent, pls help

Dear sir,

My query is, i have 4 flats in the same building in my name which i got through JDA for my share and out of which i am planning to sell one flat to a customer who is going for housing loan of 25 lakhs for the consideration of 30 lakhs. i want to know what are the tax implications and exemptions available for me..and how can i minimise my LTCG on the sale...i got the above flat in the FY 2009-10.

please explain the procedure how to become a taxpayer and how to file the returns and what are the requisites for a business person for this purpose?

i am working in a manafacturing company.we like to start a new unit in next year.i want to know what i want to do.i want to inform or register to any tax department.

thanking you in advance. pls guide me.

sir,
i am invested every month 9000/- in mutual fund through sip from April 2007 to August 2011 and this sept i had sold all the units of mutual funds. what is the procedure and tax liabilities in my hand.plz help me and suggest the income tax Sections also.

Hi ,

Mr.X doing iron ore sale business....the supplying of iron ore through lorries is also carrying by the Mr.X...

1. he Hire the lorries which are using for Supplying but he did not deduct TDS........

this case is for FY 2008-09

Now he recieve one notice from DEPT.. for non deduction of TDS ...

so, please suggest me what are the further consequences.......what Mr.X to do for replying the notice.



plz reply asap...........very needed......thanx in advance for ur valuable suggestions

hello sir ,
one of my client is using a service for from a public ltd company.
the service is such that "sales representatives of my client can send sales order from their mobile phones itself to my clients data base"
that public ltd company (payee) is issuing bill as subscription fee for use of such service.The total amount paid exceeds Rs. 75000
sir, now my question is whether TDS IS TO BE DEDUCTED OR NOT