Anonymous
27 July 2013 at 16:03

Itr-1 date mistake

sir,

i want to ask you that i had written date in itr form 27-12-2013, but i have uploded return on 27-07-2013, does this will be counted as late return should i need to file revise return.


dattatraya
27 July 2013 at 16:01

Tax audit

Mr A is a commission dealer in second hand car. He gets cheque in his name from his customer & pays from his account to the original car owner i.e He received Rs 3 lakhs from his customer & pays Rs 2.50 lakhs to original owner & remaining is his commission. In FY 2012-13 his bank statement shows total receipts of Rs 4 Crore & payments of Rs 3.90 crore. Is he liable for tax audit? Does he required to get himself register under VAT?


jagdish baku
27 July 2013 at 15:49

Company law

When we use INDIA word in company name please give me legally advice


CA B PALANIKUMAR
27 July 2013 at 15:48

Fema

Dear Sir

A private limited having paid up capital of Rs.10 Lacs in which Rs.9.90 Lacs held by NRI. in this case the said company whether required to file Return on Foreign Assets & Liabilities is necessary with RBI?



Anonymous

sir
i forget deposit my advance tax for assessment year 2013-14 & lasth date of filng income tax return 31 july 2013. what can i do for this.
plz suggest me
can i deposit my advance tax before 31 july 2013 & file itr


Richie Agarwal

Dear Expert,

We are a trading firm in Thane not registered in excise. There is an export order we need to fulfill and we are sourcing from a local manufacturer in Mumbai who is excise registered. Kindly advise us on the procedure for excise and sales tax waiver. Also whether RCMC is mandatory. Thank you.


Shams Khan
27 July 2013 at 15:32

Tds return

While making correction return of Quarter 1 FY 2012-13 i got the error as "T-FV-3158 Invalid Value 'Fee'"

Please let me know how to solve the same.

Thanks & Regards

Shams Khan



Anonymous

Dear Friends i have a query regarding effect as per income tax on NON filling of Income Tax return in following case

X Pvt. Ltd has been dissolved wef 12/07/2012. but company has closed its operation before 31.03.2012 and there was no any assets and liability (except shareholder`s initial capital)on balance sheet date. the company did not file his return of income for the financial year 2012-13 (Closure year). Now a notice received form income tax department for asking a reason for non filling of income tax return.

Please tell me what type of penalty can be imposed on assessee.



Anonymous
27 July 2013 at 15:26

Sec 80c deduction

HI EVERYONE ... i HAVE TWO DEPENDANT SISTERS . I HAVE PAID LIC PREMIUM ON THEIR NAMES AND THEIR TUTIONS FEES. CAN I TAKE EXEMPTION UNDER SEC 80C.


Hardeep Singh
27 July 2013 at 15:24

Reverse charge-gta

Dear experts,
Greetings of the Day!
Please guide on the following matter-
A Ltd. hires a transporter(Ltd. co.) for transportation of materials in or outside the factory and the transporter adds service tax in his bill raised on A Ltd.
Now A Ltd. again books Service tax liability @ 3.09% on total bill amount i.e. (freight+ST charged by transporter @ 3.09%) considering its liability under Reverse charge.
Is it a correct practice followed by A Ltd. and If not, Now what could be done in this regard as co. is under statutory audit.
what would be the case if transporter is an INDIVIDUAL?
Please reply as soon as






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