Dear Expert,
An assessee sold plot of land and not offered the same to tax at the time of filing his Return of Income, later he received notice for assessment U/s 143(3). In assessment proceedings A.O. added Capital Gain Income into his total income and assessed accordingly. Due to that addition there was additional tax liability, which assessee paid after assessment proceedings. Now AO issused notice under Sec 274 read with 271(1)(C) to levy penalty u/s 271(1)(c). What is the way out to avoid penalty or at least reduce it to minimum.

I have a plot of 100 sq. yard. I had taken a loan amounting to Rs. 4/-Lacs on 1.4.2005 for construction of two rooms, one kitchen for self occupation and started to get rebate of interest u/s 24B and principal payment u/s 80C. I have taken a further loan on 1.4.12 for further construction to complete the self occupied house. Whether rebate u/s 24B & 80C will be eligible for payment of interest & principal for both the loans.

Dear Sir,
Sole proprietor having construction business and service tax registration number in his name say Mr PS died.
His successor sons decide through a written agreement of business continuation that one of them JPS to continue the business in the name of Mr PS till the completion of the one ongoing Project and then business would be discontinued and estate of the deceased divided as per their share.
My question is
Can the successor son JPS continue the business till completion of an ongoing project using the service tax registration number of the deceased proprietor or will he have to get another service tax regn number?

THANKS!

Dear all ,


My query is that


we have manufacturing unit and having specified space in company area for canteen . we have one contractor for serving food in company canteen.
food will be made by the contractor at company premises and will be provided in canteen area.
whether it will be treated in catering service or eating joint or mess or canteen.

and our canteen is not air condintioned and not having bar license.

whether i can claim exemption under notification no. 25/2012.

I Have 1 doubt about file return that if I file the last 3 Financial year at a time On-line.Would my Loan sanctioned or not?

Can Company Issue Equity Shares With Disappropriates Right?

Respected Senior,
I am facing a problem actually in the February and January 2010 i have wrongly availed in capital 100% instead of 50% but when i realized that i m taking wrong availed i had returned it in February 2010 in this period of one year there is enough balance for adjust to cenvat liabilities, My question is that is there any penalty or interest for this type of error because the excise office are pressure on us for interest on this 50% excess amount, I hope u will understand my problem because my job is depend on it my boss clearly said if interest on then he fired me from my job, I hope u will understand my problem and clear the query on urgent basis.

I registered as service provider and taking CENVAT credit of service tax paid on input services. And also purchasing goods on which i am paying excise duty.


My question is can i take cenvat credit of excise duty paid on goods?

I have purchased an item from the manufacturer who has a dealer in the state
we received the material and inturn made direct payment to the manufacturer. The agent of the seller company in the state has provided an additional discount and deducted TDS on the same.. My question is under what question he has deducted the tax@10%

My article ship registration is still pending. Now I want to take transfer from current principal in a week.
My principal is ready to give transfer.
Article period was started in August 2012, in Bangalore.
Wanted to take transfer to Pune.
Is it possible.