Suppose a person who has income but that is below threshold limit & he is not liable to pay any taxes. If he files the return after due date ( 31st july for individual) it will attract any interest or penalties or it will do.

most of the services like rent,commission,advt are liable to T.D.S and service tax also govt is coollecting tax on both the way .why the method has been followed ?same is in case of F B T.?if any one support this coment.pls reply friends.

my attamt in may 09. but ca refuse to give any holiday due to bad relation. so how many holiday i can take as per ICAI.
i will complete 2 year in 21,january,2009.

and what kind of action i can take in such situation?
suggest me.
and give any reference that i can contract.

my attamt in may 09. but ca refuse to give any holiday due to bad relation. so how many holiday i can take as per ICAI.
i will complete 2 year in 21,january,2009.

and what kind of action i can take in such situation?
suggest me.
and give any reference that i can contract.

What is group of HO Inter Unit Accounts in Balance Sheet(Cl, Loans or others)

Dear friends

I have one doubt abt the treatment of commercial loan. My friend taken a commercial loan for constructing his commercial building. He get an rental income from that building, my doubt is whether that loan can be treated in total income like housing loan....

I tell him that this commercial loan was not deductible but he was not agree with me.

Kindly suggest the answer...? urgent........

What is the meaning of G/R Waiver in case of export/import?

What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.

What is the meaning of diversion of income in brief but it should include all details?

In a Company Physical Verification Fixed aseets has been done not in financial year but in the subsequent year.What is the consequences of such in Statutory Audit in the financial year?