What is meant by Income Tax Commentary?
I just want to know what extra these types of book contain?

hey guyz.. i need help... can u plz tel me the fees of GMCS - 1 & also the link from whr i cn do online payment & submission of form..??

I Want to know is late filing fees mandatory (Tax deducted at source) . can the late filing fees be waived off by the assessing officer

Please tell me whether below entries are correct?
Estimating Bad debt based on Receivables
Bad Debt a/c Dr
To provision for doubtful Debt a/c

P&L a/c Dr
To Bad Debt a/c

Writing off account receivable
Provision for Doubtful Debt a/c Dr
To Debtors a/c


Recovery of Account receivable write off

Debtor A/c Dr
To provision for Doubtful Debt a/c

Cash a/c
To debtor a/c

Provision for Doubtful Debt a/c Dr
To P&L a/c

I will be very much thankful to you.

give me tips hw i will prepare for ipcc exams for attemptnov14

Me and my wife have booked an under construction flat at Bangalore whose value is 52 lakhs. We have paid 9 lakhs to builders. Remaining money will be paid as per construction progress in installment. I think we have to fill up form 26QB twice i.e. one for my wife and other for me. If this is correct, So while filling 26QB form, Amount Paid to seller will be Rs 450000 in each Form 26 QB and TDS will be Rs 4500. Hence total TDS for both of us will be Rs 9000. Please let me know if this is correct, assuming 50 % share in the property between me and my wife.
Also do I need to do the similar thing for each installment when we pay builder?

Whether Depreciation can be claimed in case of assessee maintaining books of account in cash basis??

i am acting as a tax consultant
i have to reset my client it password
kindly tell me what is procedure?

in case of no transactions for the respective quarter, whether we need to file the nil TDS statement or not. if not required, which section it is... as per new rpu last return filed prn is required. who to handle this situation.

I got a demand notice from city corporation asking to pay taxes due [according to them] from 1982 to 1986 for a few qtrs here and there. The house is in my late father's name. Since its 30yrs its not easy to find such old receipts allthough I have managed to find a few for which I got the notice in the first place.
I went to the office and objected to the notice for such a old period and showed them those old receipts I managed to find out , they immediately asked me to deposit those originals for their checking of records. i refused and offered them photocopies but they said it wont do. Now I have been sent that demand notice once again. Though the amount is of a few hundred rupees but I feel what they are doing is not right. So once again I did not pay.
I would like to know...
1] can they all of a sudden sent me a demand notice 30yrs later?
2] not many people keep such old receipts. does limitation act applies here?
3] can they insist for original receipts when they have lost their own and which is the only proof that i dont have any dues?