Hello,
We have an export opportunity of electronic goods to a foreign country. But our manufacturer is in China. We want our customer to raise a PO to us and we want to ship the good directly from China to the customer destination. We pay the manufacturer and the importer [our customer] pays us.

We are looking for some advice on how to set up this transaction.
- Is the process described above correct or do we need to be aware of some compliance issues?
- Is this considered as an export transaction?
- Do we need to be aware any export rules and compliance executing this trade?
- Any other tips/suggestions for making this transaction legal and compliant would be much appreciated.

Thanks.

SIR,

I STARTED ARTICLESHIP ON DECEMBER 16 2012 AND SENT FORM 103 BUT DIDNT GET REGISTRATION LETTER YET. I DIDNT KNOW ABOUT FORM 102 AND IDENTITY CARD AND NOW MY PRINCIPAL IS ON LEAVE AND WILL BE BACK BY SEPTEMBER FIRST WEEK. PLEASE TELL ME WHAT TO DO.

My Dear Friedns...

I just want to KNOW the key areas which should be covered in Advanced Auding Paper.

In the last few attempts, i have not touched on Standards on Auditing and CARO. Even didin't cleare the previous GRoup1 Exams. Espcially i failled in Auditing by getting a meagre score of below 25 marks..

SO, DEAR FRIENDS, please suggest me, what are the KEY areas/topics to be covered. Is SA and CARO very important....

PLEASE HELP

Dear Sir,
There is an assessee who works in merchant navy and they are deducting 10% on his payment u/s 194J. His total payment in fy 2012-12 is Rs. 202000/- and besides this he has no other sources of income. Deductor has issued him form 16A for all four quarters.

In this case assessee is not claiming any kind of expences and he will show the whole payment as his income.

While filing itr4, whether the option of no account case can be opted, as assessee is not claiming any kind of expences and he has work with a single concern.

Please advise me.

Dear sir

I am a salaried employee. I have already efiled my return few days back.

I forgot to take advantage of rebate u/s 80tta ie savings bank interest of rs 10,000.00

What should I do now. I feel I need to refile my return as rectified or revised.

Should I do it now before due date 31st July or after the due date.

Thanking you all experts

Dear sir,

I have filed tds return for my client for q1 of fy 2013-14. My client is a bank. They deduct tds for interest paid on fdr u/s 194a and rent paid u/s 194I.

Our tds return for q1 has been processed for form 26as at traces so i have downloaded form 16a for all pan numbers. All things are right but in form 16a, in the column " Nature of Payment" it is not showing section under which tds has been deducted. i.t. 194a or 194i.. It is totally blank column.

Will it create any problem to deductee while claiming tds credit..? Please guide me and if it require correction then please suggest required steps to correct the same..

Thanks..

Hi all,
i have 1 query regarding TDS on member's deposit, when a member of co-operative society (who purchase shares of that society) make FIXED DEPOSIT in that society, then TDS provisions will be applicable on such member's deposit? if yes then how & if no then on what basis?

my articleship registration date is 5th Aug 2012. Now according to gmcs notification i should complete my gmcs1 training by 4th aug 2013. But i am not getting any batches before the mentioned date but only in sept. Now what should i do? Should i ask for a transfer from my CA and only join after the completion of GMCS(as it says gmcs1 should be done within the first yr. of training) and if i ask for transfer right now then my training period will be less than a yr.? What do u suggest?

Dear sir,

a person is employed in small school getting salary Rs. 12000 pm and he has no other income. employer(school)does not give form 16 ,they(school) does not deduct any TDS .

How would i treat this income? TDS details in ITR will be nil?

Good Morning frinds...


I forgot password of my income tax webiste login and even secret question and answer.
Can anybody can suggest me how to recover the password now.

Please its very urgent.....