respected sir,
one of my client scored 2 crores turnover during fy 2012-13. unfortunately he sustained loss and become bankrupty.honourble court declared him as insolvent.now receiver oppointed by court is in charge of his assets&liabilities.
now he got notice from incometax department for not filing return under sec 44ab for ay 2013-14 proposing him to levy penalty amounting to rs 1 lak.
i requet you for suggestions.thanking you

Dear all If two rural agricultural land purchase and sale within 2 year than profit on sale is taxable or not ........???? plz tell me section with explanation. ...

what type of income i have to show for the very first time when i am filling ITR I need net income of rs 1,56,000...

Sir,

At the time of appointment my basic salary was Rs 4,200/- whereas now on salary restructuring my basic was reduced to Rs 4000/- So Rs 200/- deducted. Due to which my PF contribution also reduced from Rs 504/- to Rs 480/-.
Anyone can suggest me that whether this procedure is legal and justified ?

I have been filling income tax returns from last two years. I do not remember my registered email id or password. How can I change my password? I have registered persons' all details and a person himself. Is it enough to get the password?

Dear Expert,
Please let me know whether tds should be deducted on payment of gratuity or not.
If the answer is 'yes', at what rate it should be deducted?
If the answer is'no', how to deal with it if income tax department disallow the expense?

Thanks & regards,

Vinod Shukla

I am salaried person.i have received my directly through the bank and tds also deducted. now if i filed my income tax for A.Y. 2013-14 after the month of march-14. should i liable for penalty,tax is already deducted as a tds??? replied me fast

Dear Expert,
One of my client retired from job on 27/02/2013 and got rs.5,54,907/- as gratuity and his employer deducted tds around rs.28,000/- on full payment. Now he wants to file his return.
I want to know whether full amount is taxable or a certain portion of it should be taken as taxable income?
Please guide me.

Thanks & Regards,

Vinod Shukla

We are newly entering in Construction Business. Which nature is construct building and sold flats of it. I have query regarding when we have purchasing material for building construction(like.cement,steel &etc) and on which seller charges VAT to us. Is there get any benefit or setoff of that VAT to us. Should we treat that as a INPUT Vat while accounting.

If someone wants to join CA course in the month of April, 2014 under Direct Entry Scheme, then which attempt would be due for his IPC exams and in how much time he should copmlete his ITT and OTC for training purpose.