One of my friend is an NRI, sold the property on 10-03-2014, date of acquisition of the property is 16-2-2004.
The NRI received the full consideration without tax deduction.
my doubt is, who has to submit form 15CA and 15CB the buyer or the NRI?

Sir , I am having 2 queries

1) What are the schedules for profit and loss account and Balance sheet ?

2) profit and loss account of the company should be as per the Income tax act or as per the company act 1956 at the end of the year?.

Thanks in advance .

Our CFA is raising an invoice for his charges and the expenses incurred on behalf of us. The bill is segregate into two columns - Taxable and Non Taxable and all the expenses for which he is providing the bills are shown under non taxable portion (reimbursement). Should we deduct TDS on entire amount or only on the taxable amount?

He is not providing a separate bill but showing under non taxable portion in the bill? Please clarify.

Dear Sir,
Please explain the difference between Realisation A/c and Revaluation A/c i.e when we had to prepare this a/c

We received the extension for 01.04.12 to 30.06.13.
AGM held on 28.12.13.

In form 23AC point no.5
a. Whether annual general meeting (AGM) held
ans. YES
b.If yes date of AGM : 28.12.13
c.Due Date of AGM.(30.09.13/31.12.13)

Which date i was written in due date of AGM?

I have received a letter from income tax stating adjustment of refund for A.Y 2009-10 against demand of A.y 2007-08. On Verification i found there are more arrears in almost all previous years since A.Y 2007-08 . I have online requested for notice u/s 143(1) , But its showing no notice exits for the year . My Query :
1] how to demand notice u/s 143(1) from A.Y 2007-08
2] Demand was due to non consideration of tds in the return as during those time pan was not mandatory while filing tds return , deductor has not mentioned pan while deducting tds .how to rectify the return of a.y 2007-08 and onwards.

HI, I had paid fee for articleship while registering for IPCC. So, it is the same draft number that I should quote on form 103 that was used to pay fees for IPCC registration? What if I don't have the draft number now? Where can I get it from? Please help. Thanks! Regards, vaibhavi.

Hello,
Suppose ABC ltd manufacture agricultural sprayers both hand operated and battery operated . Now in production of the sprayer a pvc tank is manufactured as intermediate goods and all other parts are assembled to manufacture the final product sprayer. Agriculture Sprayer is exempt from excise duty but tank which is manufactured in the premises of ABC ltd is taxable as per excise department .Tank in same capacity is unsaleable product . Renowned manufacturers from other state also dont pay excise duty on the same . Can anyone give me case details of some similar case law .????

Respected all,
I had filed my income tax return within due date through e-filing with a refund claim. But i could not send ITR V RETURN VERIFICATION FORM with my signature within 120 days stated on that. After 120 days i send the same with my signature, to CPC Bangalore. In this regard, am i defaulter in filing my regular return filing? (since 1994 i am an regular IT assesses by filed my returns within due dates every year). Can i get my refund amount? How can i approach? Suggest me please.

With Regards,
MURTY.

Dear Sir,

Assessee received notice u/s 142(1)
And receive demand notice u/s 143(3)
The A.O. estimate client sales 40 lakhs and 10% profit and notice issued.

Assessee deposit in bank a/c above 50 lakhs cash so this case being scrutiny.
the assessee doesn`t show buisness loss in his return so A.O. estimate sales and issue demand notice with 271(1)(c) penalty.

Please help us in this matter and suggest any case law for refer in appeal.