is there any amendment is cost paper for final may2013 term. i heard that there is a change in isca n ccost. i collected the changes for isca . wat are the change in cost. plz let me know

Dear Sir
Please help me to solve this problem regarding PDC Cheques.

I make one cheque on 02/01/13 (bpv Date or cheque written date)and the cheque dated on 03/03/13 (due date). and it is encashed from bank on 05/03/13. so i make reconciliation on excel sheet like this

1,02/01/13 (bpv dt:) 05/03/13 (encash dt:)

2,03/03/13 (chq dt) 05/03/13 (encash dt)

which one is correct please help me

Thanks

We are currently registered as a Dealer in Excise. However, we wish to modify that to Manufacturer. We would like to know how to claim the cvd paid, cess etc at the time of shipment clearing ( as we are importers). Also advise whether the claim can only be against the invoices of parties registered with Central Excise or will it be for all the clients including those who are not registered. Also in such case do we file every month with central excise?
Thank you

Dear Sir,
You would agree that, the annual limit for non deduction of TDS under Section 194C is Rs.75,000/-.

Now, Consider am Example:
We paid Rs.74500 to a person in April,2012 and were almost sure that no further transaction would be there with this party.

But during March,2013 we agian needed to pay Rs.600/- to the same party.

Now total amount exceeds Rs.75000. and there is a libility to deduct TDS.

But the recipient would not agree for deduction.

What should the company do in such cases??
The auditor are insisiting to report this issue?

Further, the AO would also disallow these expenses??

Please suggest.

Regards

Dividend received from an Indian company is exempt so is it that tax is deducted from dividend and then given .

Thank you

Good morning!

My Client is an assessee who left India for the purpose of employment outside India. His total stay in India is less that 182 days for two years. 3rd year his total number of days in which he stayed in India is more than 182 days.

Now, my question is whether i need to file return of Income for the 2 years in which he was outside India(i.e,, he is non-resident)?

Or

Should i just file the return of Income for 3rd year only?

Should i submit any other proofs that he was outside India during that period when filing is to be done only for 3rd year?

how can an individual transfer his shares of a private company to another private limited company in such a way that tax implication is reduced? plz help

Dear Sir,
I have filed the return for assessment year 2011 - 2012 on 14.09.2011 and had claimed a refund of Rs. 30000. However now i have received an intimation u/s 143 (1) with a demand of Rs. 2500 and they have shown the break up of the same as below.
Income: 249780
Prepaid taxes : 36921
Demand Tax: 8978
E Cess : 269
Interest U/s 234A: 30170
Total DEmand: 39417
Less Prepaid Tax: 36921
Net Demand: 2496
Rounded of to RS. 2500

Is this a notice?

How should i reply to the income tax department for the same.
Should i file for rectification or need to go to the income tax office and submit my documents relating to the income and tds.
Please help??

I want to maintain Excisable Invoice( required to issue Under Rule-11 of the C.Ex.Rule-2002& Removal of Excisable goods from a factory) in Microsoft Excel as a soft copy insted of maintaining manual register, can i do so ?


If yes then give me relavent book or case law referance.

Dear experts,
I need cash in my a/c approx 10 lakhs to buy an asset. Can i credit rs.49000 in different names? Or will this be attracted u/s 269 ss? Pls guide