Re sir\madam
we are authorised distributor of compressor and our clients are goverment bodies where we billed the client on 100% basis as per po term but, as per po payment terms our client only gives 90% amt against delivery and 10% after 6months to 1 years period after despatch
since we bill 100% our trunover increase and since we receives only 90% our cash flow get disturbed can we show remaining 10% as contingency provision ? since the 10% receivable is against performance bank guarantee and completion of erection and commissioning and acceptance by Client.
Since this affects the outflow and in form of heavy tax burden if the 10% amt turns in lakhs will we can postpon the tax liability to that extent please resolved the query to the earliest

I what to know the option available with assessee in case where the most of the client's deductees are residing in rural area and they do not have PAN number.

How can assessee file the return although the tax has been deposited. Please guide

Can anybody forward me a list of CA firms at central side mainly at Ambernath, Ulhasnagar, Kalyan.
For the purpose of doing articalship

which forms are to be submitted by the Company for allotment of preference shares to ROC under the Companies Act, 1956?

hi, this is Imran, i want to know how can i get free software for e-return for assessment Year 2008-09.?

Thank You.

I want to Know that Whether a Proprietory concern having a sale of Rs21.00 lacs and purchases of 1.00 lacs then we he fall under Compulsory Audit of Sec 44 AB.

my firm is engaged in exports of garments. we are registered with service tax for payment of service tax on goods transport agency.

since now govt has exempted this service, please let me know if service tax is payable on GTA

is tax leviable on interest received from G.O.I 23 by urban co-op. bank ltd?

Fact: My wife has taken a house on rent against which she has no rent agreement from the land lord. I have taken that house on sub rent from her without any sub rent agreement and as per mutual understanding I am paying the rent Rs. 2100/- to the actual landlord and balace Rs. 5000/- in cash. And as she has no other income she did not file ITR.

Query: Whether I can claim Rs. 7100/- as Rent Receipt on the basis of above fact?
Whether I had to prepare a sub rent agreement for claiming rent receipt?
Whether such income will be clubbed in my income?

Please explain.

I want to submit my Income Tax Return Form No. ITR-4 [ with I.T.Dept. ] for the A.Y. 2007-2008. It is necessary to attached relevant certificates i.e. [ Lic Commission Certificate, Salary certificate, Housing Loan Certificate ] with ITR-4 TO I.T. Department.