I am running a proprietorship business From FY 2009 but didn't filed any return due to lack of knowledge and also my turnover was very less,now since the business is growing so i want to file return now ,
Also mine is a business based on sale -purchase so VAT return has been filed for the FY 2009-10,2011-12,2012-2013.
Now my question is whether the VAT RETURN for the FY 2010-2011 which i failed to file can be filed now?
Also please guide me towards IT return filing as i have never filed it before.
From which FY i can file IT return.
My turnover from FY 2011-12 is above 60 lakhs but below 1 crore,is there any audit requirement?

we have an export company in the form of proprietorship. we usually export through couriers for small consignment say 1 or 5 pieces.
Can i claim drawback on it?
If yes, will it be only when we export through India Post?

Announcement: Exclusion of Hire
Purchase
Trading Account (Debtors) Method and
Stock and Debtors Method from Chapter
11
of Intermediate (IPC) Course Paper 1: Accounting Study Material. -
(23-08-2013)
It has been observed that Hire Purchase
Trading Account (Debtors) method and
Stock
and Debtors method of ascertaining profit or
loss on sale of goods of small value
under hire
purchase system based on the simplified
approach followed in the Study Material
are not fully compliant with AS 19 Leases
since
loading amount contains both profit as
well as
interest element.
However, students may note that both these
methods would be fully compliant with
AS 19,
provided the usage of interest rate, IRR,
etc.
are followed to bifurcate the element of interest and profit. Such an approach to
apply
both these methods involves more
complication and hence may not be
relevant in
practice for Intermediate (IPC) Students. Therefore, Board of Studies has decided
to
exclude the Hire Purchase Trading
Account
(Debtors) Method and Stock and Debtors
Method in the Paper 1: Accounting Study Material at Intermediate (IPC) level.
Accordingly, students of Intermediate
(IPC)
Course Paper 1: Accounting are advised
not to
read the said methods given in Chapter 11 of
the Study Material. The details of the
relevant
page nos. and questions in the Study
Material
and Practice Manual of July, 2013(Revised edition) respectively, are given
hereunder:
Volume I Study Material Para 9 to 13 and
Illustrations 13 to 19 in Page
nos. 11.32 to 11.50
Volume II Practice Manual Questions 1, 2, 4, 5, 6, 7, 8 and 10 in Page
nos. 11.1 to 11.20

Is this true ?

Announcement: Exclusion of Hire
Purchase
Trading Account (Debtors) Method and
Stock and Debtors Method from Chapter
11
of Intermediate (IPC) Course Paper 1: Accounting Study Material. -
(23-08-2013)
It has been observed that Hire Purchase
Trading Account (Debtors) method and
Stock
and Debtors method of ascertaining profit or
loss on sale of goods of small value
under hire
purchase system based on the simplified
approach followed in the Study Material
are not fully compliant with AS 19 Leases
since
loading amount contains both profit as
well as
interest element.
However, students may note that both these
methods would be fully compliant with
AS 19,
provided the usage of interest rate, IRR,
etc.
are followed to bifurcate the element of interest and profit. Such an approach to
apply
both these methods involves more
complication and hence may not be
relevant in
practice for Intermediate (IPC) Students. Therefore, Board of Studies has decided
to
exclude the Hire Purchase Trading
Account
(Debtors) Method and Stock and Debtors
Method in the Paper 1: Accounting Study Material at Intermediate (IPC) level.
Accordingly, students of Intermediate
(IPC)
Course Paper 1: Accounting are advised
not to
read the said methods given in Chapter 11 of
the Study Material. The details of the
relevant
page nos. and questions in the Study
Material
and Practice Manual of July, 2013(Revised edition) respectively, are given
hereunder:
Volume I Study Material Para 9 to 13 and
Illustrations 13 to 19 in Page
nos. 11.32 to 11.50
Volume II Practice Manual Questions 1, 2, 4, 5, 6, 7, 8 and 10 in Page
nos. 11.1 to 11.20.

Is this true ??

A whole time director who is receivng remuneration and company deducting tds u/s 192 bt after the amendmends made u/s 194 j(1)(ba) from 31st july 2012,they are treating directors remuneration as professionl service and deducting tds at flat 10%.are they conceptually correct???????

Please Help me
I Want to know is there exemption of CPT for students who have completed Post Graduation at Distance Learning Programme? Because Result of Graduation is not above 50%.

Dear Forum members n experts

This month I joined a College affiliated to Indraprastha university Delhi on a Consolidated salary of 40000 per month as Assistant professor on a full time basis.No brekup of my salary is given in appointment letter but this consolidated amount.

Kindly let me know how to do my tax planning and how to get and claim tax benefits on this consolidated salary.
Thanks n Regards
Pushpraj

Please Help me
I Want to know is there exemption of CPT for students who have completed Post Graduation at Distance Learning Programme? Because Result of Graduation is not above 50%.

A senior citizen who is a pensioner runs a proprietary business of travel agency. in Jan 2013 , the house of person including office got destroyed in a fire mishap. All relevant documents relating to business got burnt in it. No other record except bank statement relating to business tractions. Due to above stated at the time of making accounts for fy 12-13 it was observed that there is more expenditure than receipts resulting the firm to go in to loss. Chartered accountant of the person has asked the person to show minimum profit of 15% as the travel agencies cant show loss in the business .As per the person he is running his business on the profit margin of 2—3% per assignment. My query is it must to show for the travel agency to show profit? If, Yes , how much profit is reqd to be shown. Can we show profit less than 15%. ? Moreso, when you are working on the margin of 2-3%

i have cleared cs executive and will b giving final in june 2014. but i have not done any training. i dont know anything about it. could you plz explain in detail and when can i do?