Res Sirs,
What was the penalty for not getting accounts audited in FY 2009-10,FY2010-11,FY2011-12 and FY2012-13?

Thanks in advance

1. Exempt income wrongly disclosed in Taxable income.
2. Assessing officer issued Demand notic.
2. I filed Rectification request
3. AO Asked for case law for similar situation. or els he will issue notice for proceding.

What is the procedure to form a new company??

hi sir,
can u explain about point of taxation rules.

Can anyone tell me whether a private limited company engaged in business of construction own a wrist watch?

U/S 194 IA OF INCOME TAX ACT THE BUYER IS REQUIRED TO PAY TDS ON THE CONSIDERATION. BUT IF THERE IS MORE THAN ONE BUYER FOR ONE PROPERTY OR SAY JOINT BUYERS THAN BY WHOM AND HOWMUCH TDS IS DEDUCTED FROM EACH ONE?

One of my client, co-operative society applied in 2006 for PAN got PAN containing 4th character as 'J'
means status as Artificial Judicial Person.
while their actual status is 'co-operative society'
till AY 2012-13 we were filling Itr 5 with status as co-operative society.
now for current year when we are trying to fill Itr 5 with that PAN and status as co-operative society.
they are subject to Tax audit u/s 44AB.
their tds is also deducted which amount to more than 5lakh.
now problem is when we select status as co-operative society and put that allotted PAN, Itr 5 shows as invalid pan for co-operative society and if v file Itr with status as Artificial Judicial Person we are not able to claim deduction u/s 80p.
and for current year also (AY 14-15) same PAN with contractor, their TDS is deducted more than 1.5lakh.
what is most feasible solution in this situation?

Dear Experts,

We have one company in which no transaction was conducted during A.Y. 13-14. Statutory audit already done and there's no Tax Audit. At the time of filing of IT return, should we select YES at applicability of audit U/s 44AB?

Should we need to upload audit report through our statutory auditor?

Kindly guide me at the earliest.

Hi Experts

One of my ambala based client is in job line and handling work of Ludhiana and Amritsar Locations of his company. As his job is movable, he took two premises on rent one in Ludhiana and other one is Amritsar. Can he claim rent receipt of both the premises while calculating HRA exemption u/s 10

Thanks in Advance

i want to know the amount of interest to be deposited in case the date of deduction is 30-11-2013 and deposition date is 9-12-2013.
amount of tds deposited is 2340.