The shares which are issued at premium is treated as income in the hands of company but why it is so?

Dear Experts,

By Mistake Excise return Filed AS a Nil Return. But we have sales and purchased in last month. Last date for filing excise return i.e 31st March is also gone.

So give urgent replay. How to correct it.
Or Having any penalty?


Reply Immediately.

Dear Sir,

Our Plant (SIDCUL ,Rudrapur,Uttrakhand) is Manufacturing OEM parts for TATA motors or Ashok Leyland..
Our Final Product is Exempt from Excise, Income Tax, & CST by 1%, vide Excise notification 50/2003 Dt.10/06/2003

My query is that whether it is necessary to take permission from excise authority before sending the goods for job work outside the factory and what can be happened if we are sending our goods for jobwork without taking the approval from excise authority.



Sanjeev

Damand on Late TDS returns filed. The stay for late fee, but would like know the status of same.

Dear Sir,
Please let me know the Taxablilty status of the following :-

1. NSC Maturity
2. Interest on NSC
3. RD Maturity
4. Int on RD
5. FD maturity
6. Interest on FD
7. NSC Maturity

Pls Reply.

Thank You.

Dear ones, if urban agriculture land is used only for agri. purpose. then is it a capital asset or not???

i am a salaried person in 30%tax regime.i have enabled mod facility in my salaried a/c having auto sweeping to term deposit.normally bank deducts tds at flat rate of 10% of the accumulated interest and the amount is reflected in 26AS form.i have also mapped my pan card associated with this a/c.but no defuction is being reflected in my 26AS form.so i want to how i will come to know whether tds has been deducted or not and if so why it is not reflected in 26 AS.please treat this extremely urgent as i have to pay the remaining amount as self assesment tax in earliest to avoid any penalisation by IT for late payment.let me also know what is the final date for payment of self assesment tax and any fine for late payment.

Is der ny body who can guide me about transfer of articleship after one year in case dispute vid principal?

DEAR EXPERTS,

i am an accountant in a company,my company give me a cheque of rs 20 lakh to pay salary of employees , i en cash the cheque in my account (ay 2014-15). how can i show this amount in my income tax return so that income notice not served to me . i have detail of payment of such amount for employees salary.


thx to all experts

after the calculation of LTCG and STCG I calculated total income .. the total income s (rs.297000-250000) *15% as per ay 2014-15 and added cess there s a addition of rs. 2000 as rebate under sec 87A. how s rebate calculated ?? pls guide me