Please suggest the tax applicability on transfer of stock in trade (Shares) into capital assets (i.e long term Investment) in current year and tax applicability in the year of sale of such investment.

Dear Sir/Madam,

This query is reg.mismatch of TDS Credit claimed in ITR and Intimation recd.from CPC.

Our client had claimed TDS credit based on Income offered during F.Y.2011-12. While the TDS on same was deducted & paid into the Govt.A/c by the Deductor in F.Y.2012-13 when they paid to our client.

So as per Form 26AS the TDS will be reflected in F.Y.2012-13 while our client had claimed it in F.Y.2011-12 based on Income booked.

Now they have recd.Intimation from CPC asking for Tax Demand due to mismatch of TDS.

Now in this case plz.let us know whether we should pay the demand and again claim TDS credit not allowed in Intimation during F.Y.2012-13 or file a rectification with Jurisdictional Officer (and not with CPC ????) explaining the facts. Only worry is that as per Form 16A the differential TDS will be reflected during F.Y.2012-13.

So can you let us know how to represent our facts before the ITO so he/she will get satisfied that TDS Credit needs to be allowed during F.Y.2011-12.

Awaiting for your reply on the same at the earliest.

dear sir
whether credit of service tax paid on gta service during the year for earlier years available during the current year

is it possible to file income tax return without paying sa tax ie want to know how much late one can pay sa tax from the date of filing return.

Respected Sir/Madam,

I have already cleared 1 and half year of my training from one of the firm in Lajpat Nagar, New Delhi. But now due to some issues between my principal and me, I want to take transfer. I can't comply with the reasons as provided by the institute, except "Training outside India". So I beg for your help.
Is there any other way to take transfer and continue my training in India? if not then where can I apply for training outside India?
Please help.

Thanking You,
Birat Gupta

WHICH ITR form is to be applied and filed by the Insurance Agents of the LIC earning Commission therefrom ?

I received notice u/s 139(9)in which it says that there is negative profit in gross profit or net profit in schedule.

actually, my client incurred loss derivative of Rs. 12000 and i have shown negative profit i.e loss and in profit loss schedule, i have shown this loss under the head" Assessee not maintaining Books of Account" hence i did not fill profit and loss a/c and balance sheet.

Now, while responding to this notice, what should i do?

I HAVE AUDITED MY BOOKS FOR A.Y 12-13 & OBTAIN REPORT & SINGED B/S FROM MY C.A.
FOR SOME PURCHASE RETURN NOT TAKEN IN ACCOUUNTS WE FILEED REVISED RETUN ,
NOW I HAVE TO CHANGE ME CA BUT HE DENIED FOR SIGNING REVISED BALANCSHEET PAPERS . PAYMENT IS OUSTSANDING. IF WE DONT MAKE PAYMENT HE WILL NOT GIVE NOC.
HE ARGUE THAT SAME CA CAN NOT SIGNED IN ORIGINAL & REVISED RETURN. IT IS RESPOSIBILITY OF CA WHAT HE HAD VERIFY.


MY QUERY IS

IT IS CMPLSRY TO OBTAIN NOC FROM OLD CA

IS THERRE ANY RULE THAT CA CAN NOT SINGED IN REVISED BALANCE SHEET.

WHAT ARE LEGAL ASPECTS IN THIS REGARD
CAN I COMPLAINT IN CA INSTITUE IN THIS MATTER..

PLZ SUGGEST RIGID RULLING FOR REVISED RETURN & BALNCE SHEET MATTER.

THANKS IN ADVANCE

sir,
by mistake in filling f.y 2012-13 itr i gave male instead of female in sex column,is there any problem sir and is there any need to file revised return.
it is zero taxable return .

The (Revised) Schedule VI requires to disclose the default in repayment of loans to banks/FI continuing on B/s date in case of Long-term & Short-term debts. What is to be understood as "default" here? Whether a minor delay of 5-7 days in payment of EMI due on B/s date should be disclosed? Please explain the clear meaning of "Default" in this context.