what is the meaning of speculation business

Hi. We are manufacture of bulk drugs company having centralised service tax registration. We are also manufacturing some drugs from job worker premises under bill to and ship to model . Not following normal job worker model.jobworker is taking excise credit on our raw material . Job worker is providing infrastructure service to us. So my question is can we take the cenvat credit of service provided by job worker?

SIR
I have send my ITR V of assessment year 2011-12 to CPC within 120 days but That was send by me without signature. So, it was rejected by CPC. It came to my knowledge after some time, when 120 days has passed. Now time to revise the return has also expired. What is the remedy available to me.

if an assessee have purchases of Rs:-1.10 crore and sale of only Rs:-80 lakhs and have closing stock of Rs:-30 lakhs, his gross receipt amounts to Rs:-75 lakhs during the year, then can he opt for 44AD as he have sale of less than Rs:-1 Crore?

Sir, if I downloaded form 102, 103 from ICAI website. but in form 102 it is written diagonaly as 'for reference only'. is that ok ?

Can you pls advice :
Which method is correct to draft Remuneration in Partnership Deed
1) Show Ratio in % of Each partner or
2) Show Remuneration in Rs. like 50000/- P.M. etc.

Also advice if some one show remuneration in Rs. P.M. & he give Remuneration amount more then shown then only Extra Amount is taxable or other error are there.

The assessee owns two resedential houses and one of them is sold during the PY. Can a deduction be claimed u/s 54 if the sales prodceeds is invested in a new resedential house?

co has been formed on 22.03.12. Today the director of the co came and ask for all the compliances, this is the first year(FY 2012-13) of the company regarding work. What should i suggest to the client because the co was formed in FY 11-12 but none of the compliances had been followed in that fy. Plz anyone guide me. The company is involved in retail business.

an assessee's business turnover for AY 10-11,11-12 & 12-13 is 25lakhs , 45lakhs and
80lakhs.Since for AY 12-13 his turnover has
crossed 60 lakhs assessing officers has the
opinion of imposing penalty u/s 271A and 271B
for failure to maitain books of account and
not funishing audit report u/s 44AB.Is AO's
decision is correct?

Dear All,

One of my Client's Company is having outstanding balance of their foreign suppliers for more than one year. They have not communicated with RBI on this front.

What is the procedure for repayment of same??
Also, can the same be converted into Share Capital??

Thanks in advance.