Itr 4s is to be filed by person having presumptive income u/s 44AD. But it can't be filed by person having exempt income more than 5000. So my query is dat which itr form should be filed by person having 44ad income and exempt income more than 5000 ? If itr4 than how he wud give details of balance sheet and p&l?

I have recd a demand from IT dept due to mismatch in the tax credit. My employer is a Bank which pays me salary and interest on my Deposits.Thus there is only 1 TAN for TDS on Salary income and TDS on interest income. Could there be a tax credit mismatch due to single TAN mentioned against Tax deducted under different sections?

i m in 3rd year of my articlship from kolkata.i want to take transfer from my firm on grounds of change in my address.plz anyone explain the criteria for such transfer.can i take transfer in such a way?

ESIC return couldn't have been filed for the month of March 2014, April 2014 due to some reasons, What would be the interest rate on ESIC return If I file return by 15.06.2014 for March 2014, April 2014.....

Its urgent Plz......

Dear Sir/Madam,
My friend want to buy a old flat. The flat owner is now working in Dubai. He is unable to come to India all the time to collect the flat amount. Therefore he suggested me to appointing his wife (Staying in India) to collect the amount of flat. He will available only for Registration after receiving full amount.

My question is which procedure to follow to complete this work.

Thanks & Regards.

If i redeem part of my principle amount from an equity fund within a year do that attract short term capital gains?

i am working in a readymade garment exporter & we purchased accessories like label & tag from china to used in ready made garments,& goods are received through courier, in this case form 15CA & 15cb is mandatory for forign remitance.please suggest with latest circular as per incomet ax

We are a manufacturing Unit & want to sale old machine(3 years old).

Should we debit duty in RG23A-II or RG23C-II on the very same day of dispatch.

Can we debit the same on the last date of month if duty credit is available.

Thanks.

Dear Experts



We know that declared goods or goods of special importance cant be taxed at more than VAT 5%.



I need to know that will be the entry in case we buy these goods interstate?

Will there be an involvement of C Form.

Will CST rate be 2%?

Please advise.



Thanks

Shivani

shivaniadream @ gmail.com

On 26-4-2011, M/s National Traders received a sales order from Excel Traders, Mumbai for 4 photo copying machines priced at ` 43,000 each. M/s National Traders raised a sales invoice for the said item vide invoice number 012, despatched 2 nos and requested the branch office – National Enterprises to despatch remaining quantity. CST @ 2% was charged while invoicing against C Form. The sale value and CST amount of goods despatched by branch office was reversed on 27-4-2011.



The above is a question given by Tally Solutions in its guidance book and following are the entries they gave:



Entry 1 (Interstate Sale Entry)

Excel Traders 175440

To Interstate Sales 2% 172000

To CST 2% - Interstate Sales 3440



Entry 2 (Reversal of Interstate Sales to Sales Outside the State)

Interstate Sales 2% 86000

To Interstate Sales - Tax Free 86000



Entry 3 (Transferring value of CST to Branch)

CST 2% Interstate Sales 1720

To National Enterprises 1720



My questions are following

I am clear as to the first entry.

But what are they doing in remaining two !!



Thanks

Shivani

shivaniadream @ gmail.com