SIR MY NAME IS PURASTAM SAHOO. I AM A ONE COMMISSON AGENT(194H) IN SAHARA INDIA COMPANY.MY GROSS INCOME IS 600000(SIX LAKHS) IN THE FY (2012-13) .I WANT TO KNOW WHAT %(PERCENT) CALCULATE THE TOTAL INCOME AND I DO NOT MATAINT IN BOOKS OF ACCOUNT.PLESE SUGEST ME

A an individual has started a new trading business in the year 2009. His total turnover for the finacial years 2009-10,2101-11 and 2011-12 has exceeded tax audit limit.

He has not filed the income tax returns till now and he wants to file the income tax returns for all the years now.

Is it possible to file the income tax return and tax audit report now without penalty? please advise.

SIR MY NAME IS PURASTAM SAHOO. I AM A ONE COMMISSON AGENT IN SAHARA INDIA COMPANY.MY GROSS INCOME IS 600000(SIX LAKHS) IN THE FY (2012-13) .I WANT TO KNOW WHAT %(PERCENT) CALCULATE THE TOTAL INCOME AND I DO NOT MATAINT IN BOOKS OF ACCOUNT.PLESE SUGEST ME

Dear Sir,

I am Muthaiah.J form Theni(Tamilnadu). I am working as a accountant in FMCG company. My boss have a problem. The problem is my boss misplaced his IT filled copy (Manual Return)from the moment he not filled IT Return.

But now we need to file the IT Return for My Boss. If it is possible to get a copy of Manual IT Return copies for F.Y 2000-2003.

Please tell us a solution.

Thanks,

Muthaiah.J,

A businessman purchased goods for Rs 25,00,000 and sold 70% of such goods during the accounting year ended on 31st March,2013.The market value of the remaining goods was Rs 5,00,000.He valued the closing stock at Rs 5,00,000 and not at Rs 7,50,000 due to---
(a)Money measurement concept
(b)conservatism
(c)Cost concept

Dear Experts,

Please clarify on the following.

Is Car rentals charges by the vendor is subject to VAT or Service Tax.

Car has taken as rent by company and company will pay dry rent to the car owner , petrol, driver, service and maintenance will be taken care by the company itself vendor only gets rentals on monthly basic.

Please clarify with supporting notifications/circulars if any

Regards

In Transport of goods by road, Is goods received by a dealer of goods has to pay service tax in the new negative list applicability from 01.07.2012.
1. if the transporter is a GTA
2. If the transporter is individual transporter and not the GTA.

Kindly explain the above with an example.

Thanking you

I am going to start my cs articleship....nd i am appearing for my ca-ipcc exam in nov..so if i pass out ipcc ....is it necessary for me to do CA articleship?????
or else i will get an exemption???

Respected Expert,
My queries is related to loss on sale of fixed assets.
1.In which head loss on sale of fixed assets is deductible,which lies in block of assets and on which depreciation has been claimed.
whether it is a STCL(short term capital loss)or it is considered as a revenue upto the limit of w.d.v.and deductible under the head PGBP.
thanks

If in a Company all the Directors are Whole Time Directors then what about Retirement by rotation and there is also a clause in AOA that WTD shall not be liable to retire by rotation?

Please reply immediately,,,,,,urgent