i have received a notice under section 245 where my refund of rs 38000 has been offset with a demand of 1600 by the IT dept.
plz let me know how can i claim back my refund..
ihave tried to request the intimation under sec 143(1) to cross check their calculation but they are showing a message that "no intimation order exist for this assessment year"
plz experts advice me
its urgent

My business is trading in food products.. My Gross profit margin is 6%.. My turnover for the FY 2012-13 is Rs.59 lakhs.. My approximate net profit is 2.5 lakhs.. should my books of accounts audited by CA u/s 44AD?.. please help me..

we are a software customizing company having export of services. our domestic revenues are less than 50% of our export. if we register with STPI, what tax benefits can we avail ?

sir myself and my 2 brothers are willling to construct a residential project on our ancesteral land. is there any requirement of Partnership or AOP formation. My C.A.told us that we are developing the property on our own and not doing a Joint Venture with any third party ( builders) so it is not mandatory to form a partnership or AOP. We can execute a project jointly as a proprietory business. Is it according to Income tax law? Please guide me in this.

plz send a letter for bank loan renewal letter of cash credit account.

I have cleared my both groups of pcc as well as 3 and a half years of articleship with itt training. whether I can directly apply for atc certificate or will still have to do gmcs course and then apply for atc. what will be the fees to be paid for atc.

CHARTERED ACCOUNTANT HOLDING C.O.P. CAN BE A DIRECTOR OF ANY COMPANY?

Do I have to get my books of accounts audited if my gross turnover including vat is 42 lakh and my net profit is 5%?
However if I donot opt for sec. 44AD even then do I have to get my accounts audited?

I purchased an under construction apartment in may2008 from builder under housing loan (through article of agreement document for which full payment was made to builder in may 2008 itself) and received possession via a sale deed in jan 2013. I needed to know

1. Whether I can avail of long term capital gain tax or short term tax?
2. If short term tax, can I deduct the interest paid on the loan for these years - as cost ofacquisition - considering that thesehave been over and above expenses paid to the loan bank. Or is it only the cost of purchase +stsmp duty+registration that is to be deducted from the sale amount for cakculation if capital gain tax?
3. In case of short termcapital gain, if I reinvest the profits on sale in the same financial year, can I save on this tax?

dear ,sir


i have done M.Com in 2012 after that i am working. i have one and half year experience in accounting sector. now i want to do do ICWAI, CMA or other finance related courses but i can't intern for article ship please guide me what will be better for my carrier i hope for your positive revert.
Thanks & Regards
vikas tiwari
9004602436