we are two brothers, one of my brother basappa died during the year 2005.now we have received Rs.18,98,707/-on joint names as per records of right & court decree on 10th feb,2009 interest on compulsory acquisition of our Urban agi.land situated at Dharwad
1-Rs.1,43,435/-interest @9% on Rs.15,93,717/-
2-Rs.17,55,272/- interest from 16-02-2001 to 20-06-2008
thereon TDS deducted Rs 215125/-
kindly advisethe return filing procedure & to get refund of RDS amount

Hi!
I have received a notice dated 27 Aug 09 under section 143(2)from the Asst Commissioner of Income Tax asking me to appear before him on 16th Sep 09.

The letter does not ask me to bring along any documents but simply says that it seeks some queries on the tax return filed by me for FY 2007-08.

Does this mean that my tax assessment for the year 2007-08 (Assessment year 2008-09) is not done yet by them? I have never received any notice from them earlier.

Also, if on further examination of my books, I find some income undeclared in my return, can I file a revised return before the IT officer further assesses my returns? I had filed my 2007 returns in time.

Thanks

Shashank

Dear Sir,

We are a 100% Export Oriented Unit One of our customers who is 100% EOU has issued Procurement Certificate instead of CT 3 can we clear the said goods against Procurement certificate without charging Duty.

i want to knw that is it necessary for me to fill form 112 as i m doing c.s. along with my c.a.
My c.a. articleship will end on june 2010 nd my c.s. attempt for executive is also june-10
pls rpl....

i have sent my examination for nov 09 pcc examination... but i have made one mistake in DD.. instead of making dd in favour of Secy, intituite of chartered accountant of india i have made it simply in favour of icai... i realised it after sending it...
tell me now what will happen??
will they accept my form..what further step should i take now??
plz reply soon i m very nervous about this..

I have income from salary for job and I also have proprietorship business. I maintain books on mercantile basis and recognize my business income as well personal income (interest etc) on accrual basis.

I have been reading some answers to queries on tax treatment of salary to be on due and paid (even in advance basis).

My employer pays me Salary for April any time in May and so on for other months. Say the salary for March may be paid in April and he deducts TDS for 12 months salary. I also file the return for all twelve months even though the March salary is not paid but it is due and even employer maintains mercantile system. Do I have to show the income again in my next April to March again as paid salary also in addition to what would be due in March? Would that not be taxing the same amount twice?

whether study material is sufficient for preparation for examz in pcc

Hi,

is it necessary to pay TDs before 31 st march'09 or it can be deposited before filing of return in case of audit i.e on or before 30th sep'09

Sir,

I want to whether there is any amendment in Competition Act...if yes, what are those amendments & are they applicable for CA Final Nov2009 attempt??????

I wanted the following differences between an LLP and a PVT. LTD. under the foll heads.... its reqd urgently pls...

1. CARRY FORWARD OF LOSS (how many yrs..)
2. EFFECTIVE TAX RATE(basic+ec+shec)
3. MAT(rate and carry forward period)
4. CG ON TRANSFER of assets(at what rates)