MALAY DAS
27 January 2013 at 13:28

Intarest paid on car loan

dear sir
an individual assessee taken a car loan from tata mottors, intarest on car loan paid tds is need to be deducted or not? please clarify thanks......



Anonymous
27 January 2013 at 13:26

Mat

if a person has paid tax under MAT in 07-08,08-09,& 09-10 and he failed to recognised MAT in his books but he has recognised MAT for those years in 11-12,is he eligible to do so?



Anonymous
27 January 2013 at 13:06

Migration of income tax file

I stay at Mumbai from April, 2008 and have been submitting my income tax return in Mumbai from the AY 2007-08. I am a salaried individual . I have never got any intimation of assessment from any Income Tax office and also did not bother as I did not claim any refund ever . I filed my return always in the city where I stayed ( Purulia, Burdwan , Asansol, Kharagpur , Kolkata , Pune etc) and always on time .

A friend advised me and I changed my address to Mumbai in PAN on 29.06.11 . In Sept 2012, I received a notice in my Mumbai address under sec 143(2) to appear before the AC (T) in Kolkata on 9th Nov, 2012 for AY 2011-12 without any list of documents . I responded on 5.10.12 by requesting for a file transfer to Mumbai where I stay with the above reasons. As I received no reply before the hearing date in Nov 9th , I requested a friend of mine to meet the officer and request for the documents . The officer however was not prepared at all , could not give any list of requirements and advised to get in touch in June 2013.

On 13th Jan , 2013 however I have received a notice from JCT at Kolkata under Sec 142 (1) , this time to submit a number of documents on Feb 7th before him in connection with same AY . I found out that the earlier ACT is transfered and the file is thus with this JCT . I sent a letter immediately requesting once again to transfer my file to appropriate AO in Mumbai citing the above reason. I sent a friend also with another copy of letter to hand deliver . He met the JCT who refused to receive the letter , insisted that I must meet him on 7th Feb . There being no inward section in the office ,my friend has sent the letter by Registered Post .

Now what do I do ? It is impossible for me to attend the tax authority in Kolkata as I am in Mumbai .




MALAY DAS

dear sir
In case of commission income cases of an agent his expenses of travelling show as
travelling expenses( including foreig tour) column or conveyance coloumn in itr4
return in case of accounts cases? advive me sir, thanks....



Anonymous
27 January 2013 at 12:27

Attempts

Hello Sir,
I Cleared my PCC in Nov 2010, as my classes were going on so i could'nt give the final attempt on Nov'2011 and then in May 2012 i colud'nt pass and now in Nov 2012 i cleared.
So how many attempts i tooked 2 or 3.



Anonymous
27 January 2013 at 12:06

Articleship

Dear Ajay sir,
I am in my 5 th month of articleship and i have applied for transfer in the firm where i am working at present.I have found a new firm to join the problem is after 1 year my entire family is shifting to a new place due to some business plans. The question is now again can i apply for transfer after 1 year?? since that would be my second transfer after one year of my articleship will institute accepts my transfer based on the above grounds??

Ajay sir please resolve my query.


MALAY DAS
27 January 2013 at 12:04

Insurance on car

dear expart
If is car is used for the business is there
any claim of insurance of car as business expenses? advive me thanks.....


Rohit Garg

Assessee is a share broker engaged in trading in shares and commodoties , can the profit from the future and Option from trading on shares be set off against the losses of trading of commodities and vice versa.


Rohit Garg

The assessee is engaged in the business of playing games ( Animation related), whether the service tax on rent paid for building can be set off against the service tax collected from the games..?


durga prasad
27 January 2013 at 11:21

Profit & loss prior to incorporation

Hi to everyone,winners ltd. was formed to take over a running business with effect from 1st April 2010.The company was incorporated on 1st August 2010 and the certificate of commencement of business was received 1st October 2010.

and my query is what is pre-incorporation period whether it is upto August or upto September.
thanks in advance....






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