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.

A businessman who is providing the Mobile recharge facility i.e. having agencies of TATA docomo, Reliance, vodafone, airtel etc. and earn commission from them. His average annual gross receipt is Rs. 65 lac and commission is 3% = 1.95 lac What will be the taxable turnover counted for income tax return i.e. amount received from customer or only commission, which directly transferred by company to businessman?

Please reply its urgent..

Sir,

Could you please advice me how to get service tax certificate. kindly advice me with full details.

Regards,
Jagaddeeswaran N

SIR/MAM
I HAVE TAKEN TRANSFER FROM MY EARLIER EMPLOYER W.E.F 04/05/2013, I HAVE RECEIVED A LETTER FROM INSTITUTE STATING THAT I HAVE TO SEND MY FORM NO. 112 (i.e. permission to pursue another course) & FINAL REGISTRATION FORM. TILL NOW I AM NOT REGISTERED UNDER ANY OF THE EMPLOYER , NEITHER OLD, NOR NEW. I AM READY TO SEND THE REQUIRED DOCUMENTS BUT I AM FACING A CONFUSION REGARDING ATTESTATION OF DOCUMENTS. I AM CONFUSED WHETHER TO ATTEST MY 112 FORM FROM EARLIER EMPLOYER OR FROM MY PRESENT EMPLOYER AS WHEN I SENT MY TRANSFER FORM, I AM AGAIN REQUESTED TO SEND BOTH THE FORMS, BUT IT IS NOT STATED WHETHER I HAVE TO ATTEST THE FORM FROM PREVIOUS EMPLOYER OR PRESENT EMPLOYER.THEY ARE SAYING THAT MY TRANSFER FORM WILL NOT BE PROCESSED TILL I SEND THEM 112 FORM & FINAL REGISTRATION FORM.

KINDLY LOOK INTO THIS MATTER , A FAST RESPONSE WILL BE HIGHLY OBLIGED.

SIR/MAM
I HAVE TAKEN TRANSFER FROM MY EARLIER EMPLOYER W.E.F 04/05/2013, I HAVE RECEIVED A LETTER FROM INSTITUTE STATING THAT I HAVE TO SEND MY FORM NO. 112 (i.e. permission to pursue another course) & FINAL REGISTRATION FORM. TILL NOW I AM NOT REGISTERED UNDER ANY OF THE EMPLOYER , NEITHER OLD, NOR NEW. I AM READY TO SEND THE REQUIRED DOCUMENTS BUT I AM FACING A CONFUSION REGARDING ATTESTATION OF DOCUMENTS. I AM CONFUSED WHETHER TO ATTEST MY 112 FORM FROM EARLIER EMPLOYER OR FROM MY PRESENT EMPLOYER AS WHEN I SENT MY TRANSFER FORM, I AM AGAIN REQUESTED TO SEND BOTH THE FORMS, BUT IT IS NOT STATED WHETHER I HAVE TO ATTEST THE FORM FROM PREVIOUS EMPLOYER OR PRESENT EMPLOYER.THEY ARE SAYING THAT MY TRANSFER FORM WILL NOT BE PROCESSED TILL I SEND THEM 112 FORM & FINAL REGISTRATION FORM.

KINDLY LOOK INTO THIS MATTER , A FAST RESPONSE WILL BE HIGHLY OBLIGED.

Can attachments be signed using DSCs? As regard to this there is no such clarification on the Income Tax site.

sir may I know if we should charge service tax on managerial remuneration or not as per new service tax amendment.....

I have completed my ca ipcc recently but i have doubt regarding the future scope of the profession, as we can see a few jobless chartered accountants owing to a large number of pass outs in recent years.I am not a ranker but I am fairly strong in my subject .I have plans to do some other course along with ca like cma/cs so that i can have an extra advantage.
Does having two qualifications really help in securing a good job, or at least does it significantly enhance your profile. It is expected that I will qualify at the age of 23 yrs. Please Advise.

Hi,

We are take services from few cab providers who are not regular vendors to us. As and when there is requirement we hire the cab, do we still need to pay service tax under reverse charge mechanism. Also these cab owners has no service tax registration and they charge on km basis.