Are provisions of section 80AC of the Income Tax Act, 1961 mandatory in its application. Is so can the department waive of the disallowance of said deduction (in case the return if filed after the due date of filing return u/s 139(1) of the Income Tax Act, 1961 ? if answer to the above said question is in affirmative then what basis can be taken for availing waiver of such disallowance.

(CAN THE NEGLIGENCE OF THE CHARTERED ACCOUNTANT BE PLEADED AS A MODE OF WAIVING OF THE SAID DISALLOWANCE). PLEASE QUOTE ANY CITATIONS (OF ANY JURISDICTIONAL HIGH COURT IN INDIA PREFERBLY OF SUPREME COURT) - URGENT REPLY NEEDED. .

C & F Agent sends us the bill including service tax for our exports clearance to germany. TDS to be deducted under section 94C or 94J before service tax or after service tax.

MY FRIEND HAS NOT RECEIVED HIS ADMIT CARD FOR CPT EXAMINATION. HE TRIED TO DOWNLOAD IT FROM THE OFFICIAL SITE OF ICAI. BUT HE HAS FORGOTTEN PIN NUMBER THEREFORE HE WAS UNABLE TO DOWNLOAD THE ADMIT CARD. PLEASE TELL A SOLUTION TO MY FRIENDS PROBLEM. HIS REGISTRATION NO. IS CRO0259977.

A is a director of X Ltd. and also member-cum-director in Y Pvt. Ltd.. X Ltd. takes premises(immovable propery) from Y Pvt. Ltd. on rent and enter into agreement.

1) Whether section 297 is appliacable?
2) Whether exemption provided u/s 297 is applicable for this type of agreement?

Thanks.

CS. Jatin Vora

sir,

my query is whether excess payment of service tax in one registration and short payment of service tax in another registration in the same organistion is treated as a full payment of service tax.or

whether excess payment of service taxin one registration is to be adjusted in the another registration in the same unit.

While leaving the present employer, amount towards short notice has been deducted by my present employer. Should this amount to be reduced from my taxable income?
Secondly, if this amount either in full or in part reimbursed by my new employer, then should it be considered taxable by my new employer?

We filed income tax return of 28.11.2008 of an individual for whom 44AB audit is applicable. Subsequently it was found that one purchase bill is not accounted for. Therefore we have to file revised return. Now what about the tax audit report

One of My Client is Contractor and providing ONLY TAXABLE SERVICESA. He has having a Cenvat Credit of Rs.250000/- now how he can utilise the same against Service Tax Payble. Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 %

IN THE PREVIOUS YEAR CREDITORS WERE TRANSFERED TO LOAN ACCOUNT FURTHER LOANS WAS ALSO RECD DURIG THE YEAR.

WHAT WILL BE THE IMPLICATION OF THE TRANSACTION IN THE ASSESSMENT PURPOSE.

SIR

PLZ SOLVE MY PROBLE

IF A (COMPANY OR FIRM)ARE PAYING AMOUNT FOR TICKET TO A TRAVEL AGENT.IS THIS AMOUNT LAIBLE TO TDS OR NOT.
PLZ GIVE ME SEC.REFERENCE

THANKS