WE have received a communication from CPC ( Income tax) under section 139(9) . in this communication it is mentioned that part A P & L have not filed . we have filed a return in which there is no element in profit and loss a\c as the commercial production of the company is not started . Because the company is in construction stage . All the expenditure are of the preoperative nature and hence capitalised . so please suggest me how to reply to cpc .

my mail id is khatri.khatri620@gmail.com
CA BHARAT KHATRI

Dear all,



I have taken advance licence to import of RM for manufacturing the goods to export. of CIF USD 100 @ INR 55 , CIF INR = 5500 value

But due to indian rupee depreciation, custom rate is INR 56, so CIF USD 100 @ 56 CIF INR: 5600 value . there is not differ in quanity and cif value USD but CIF value INR is less in advance licence



There is requirement of enhance ment of advance licence.

Please advise....

regards,

sunny

I am doing B.com currently. I have passed my IPCC and wish to join articleship. Do I have to intimate the ICAI by filling form 112. Is there general permission to pursue B.com. or do I have to get specific permission

i have taken ca final accounts coaching from Parveen Sharma sir. My attempt is due this november.Shall i prepare for AS(esp theorey part) from some other book like DS Rawat, or his notes are enough?

When a father HAS GIVEN THE GIFT IN FORM OF DEPOSTING CHEQUE BY WAY OF RS MORE THAN RS 1 L IN CHEQUE , IS CLUBBING PROVISION APPLICABLE?
HOW INCOME TAX IS TREATING THIS GIFT ?
TO WHOM taxability is applicable?
I have made gift deed on stamp paper with witness.
Pl suggest the recoomendation.

Hai,

My Q? is " In case of a Contract where individual invoice does not exceed 30,000/- but in aggregate it exceed 75000/- in the third quarter only , now we have to deduct tax on entire amount. what is the procedure to file TDS return for 1st and 2nd quarter and Q3

WE HAVE FILED ETDS FOR AROUND 550 AGENTS.WHEN FORM 16A IS DOWNLOADED FOR ALL 4 QURTERS OF FIN YEAR 2012-13 FROM TRACES SITE, FOR AROUND 10 AGENTS FORM16A IS AVAILABLE FOR THE FIRST QUARTER WHEREAS IT IS NOT AVAILABLE IN THE REMAINING 3 QUARTERS. THERE WAS NO CHANGE IN THEIR PAN NO AND TAX WAS DEDUCTED AND REMITTED AND IT WAS SHOWN IN ETDS ALSO. CAN ANYONE TELL THE REASON FOR NON GENERATION OF FORM 16A IN THE LAST THREE QUARTERS

how to download tds certificate from income tax site

Dear Experts,

A registered Pvt Ltd. Company is engaged in Paper Trading.

Company is paying GTA / service tax on incoming consingments . Total incoming freight amount annually is

Total Annual Freight Rs 12.00 lacs
Less : 75% Abatment Rs 9.00 Lacs
Balance Rs 3.00 Lacs

Service Tax Liability @ 12.36% is Rs 37,080/= annually.

My question is as after deduction of abetment, service tax is applicable only on Rs 3.00 lacs which is very less than TRASH HOLD LIMIT of Rs 10.00 lacs !

Is said TRASH HOLD limit of Rs 10.00 lacs per annum is applicable to GTA Payments ?

Please guide me with quoting notifications / circulars etc.

Regards

A private company has made payment of Rs. 150000/- to creditor for purchasing material for construction of building.
Whether it will be dis allowable under income tax act ?