I am a pensioner. I earn interest on Bank deposits also. I have submitted 15-H to my Banker and hence no TDS. However I have paid Rs.7000/- advance tax and shown in my return being my exact tax paying liability. However IT authority issue me a notice under sec.143[1] of IT act-1961 for Rs.7000/-. Since I have paid tax , as necessary , I submit form 26AS with a copy of concerned challan with a request to issue revise order under section 154 of IT act-1961 which is NOT RESPONDED since more than a month by IT office. I would like to know what should I do now? Please guide suitably.

Friends please tel me
My company submitted return for the A Y 2011-12 ( F Y 2010-11) within due date .

company paid tax as per MAT U/s 115jb
29.09.2011 entire tax amount in a single payment without any payment of Advance tax etc..with out calculation of interest on that tax liability.

Is it company required to pay Interest U/S 234 B & C please suggest me .

Tax payable Rs. 244983/- including secondary & higher education cess

Suppose if a senior citizen has a fixed deposit with a bank and it will mature in June 2013 and the total interest receivable on such deposit is Rs 10,000/- The assessee does not have any other income chargeable to tax.. Then when should one submit 15H form and what should be the assessment year to be mentioned i.e 2013-2014 or 2014-15 ?

my brother is opening a shop in himachal sir my question is that he is starting a rags shop whetherit is compulsury for him to acquire sales tax no. because the business is not a vary large level please suggest me

Respected sir,i am self emloyed businessman .I have retail kirana shop.My annual income is aproximetly Rs.2,40,000/-from last 2 years,but i never filled my it returns. Now i wishes to purchase home & when i aproches bank for home loan they demand IT return of last 3 years,audited balanse sheet and assessment order .I know about it returns & b/s audit ,but im confuse about assessment order,what is it?.Is it intimation u/s 143(1)or anything else?.how can i get it? please sir guide about it .THANK YOU !

Sir,

My query is below:

I have filed the ITR 4 for the A.Y. 2011-12 (F.Y. 2010-11),
--books of accounts were maintained
--Audit report has been got from CA as it is auditable

I have filed itr 4 with DSC (ONLINE)

now my question is
1) whether i have to file audit report or not & or our CA has to do same???

2)After online filed ITR 4 , whether i have to send the same in physically documents to IT OFFICE or not???

There is a partnership firm which is not registered and also does not have have PAN No. Duration of partnership firm is 1 month which was completed already. Is it compulsory to file return? If ,yes then way to file return without PAN No.?

L.I.C Paid by Mother for children who are not dependent upon her can get exemption to mother under 80C

I m married lady....in1988 my mother bought gold jewellery 500gms of bill no 145 and amt paid rs 15200/-..she is giving gift to me now..as i m blood relation i dont have to pay tax...as she is under wealth tax catogary she had not paid wealth tax...now any procedure i have to do??

I am a accountant and provide accounting services to few of my clients.

I have recently (1 month) started these service and has not registerd my firm till now.

My purpose to open bank account to collect payments from clients and not to register the firm or under any act such as service tax untill I come under any laws.

1. Income tax law - Till I am under tax excempt limit, I need not to apply pan else I need to file yearly return.
2. Service Tax law - Till I am under exempt taxable turn over limit, I need not to register for service tax.
3. What I tried is registration of SSI but they asking bribe to register the firm and at this moment of time I could not afford it for this new start-up.
4. Labour law have official Rs. 250 minimum fee + Bribe, if they ask for.

What are other ways and possibly cheapest way to open bank account for collecting amount from client into bank?