Kotak Mahindra Prime limited (KMPL) is a subsidiary of Kotak Mahindra Bank Limited primarily formed to finance all passenger vehicles.Interest paid to Kotak Maheindra PRime Ltd so plz tell me whether tds should be duducted or not

Hi,

I have received notice from income tax dept and after proceedings for the said notice, additions were made by AO under section 68. The additions are about 17 lacs and the outstanding tax is huge on it.
I am a salaried person and want to ask if AO can make the additions under section 68 for a salaried person. I have not maintained any books of account. Also, since last 12 years I am in private job.

Also, please let me know the ways how to get penalty proceedings stopped. Because as per my knowledge there is penalty for section 68.

Dear all,

Plz help me on this query.

My husband changed jon during mid of previous f.y. HRA deduction is not provided by previous co. in form 16.

Can it is claimed now while submitting return!!!

Plz reply.

Thanks

A tiles manufacturing company , ifuse its own truck for transportation of goods from its plant to a customer places for delivery purpose , whether service tax are applicable on this freight charges ? provided company's main business is to manufactur tiles and not of providing transportation service.

Dear All,

I want to ask that how to do accounts work in company day to day. because i am working in co. i am not understanding that how to do work. please help,

Recently I had made an rectification of TDS Return of a firm. The assessee have made payment of interest on late payment which I while doing rectification added a separate column and mentioned amount in interest column and in Anexure against that challan I tagged the respective entry as per justification report with the amount and interest. After processing of that return the department raised demand on that amount which I tagged against the new challan of interest payment. Since, TDS have been paid on that amount thereby no payment of demand required. So now to vacate the demand I have to make rectification again. Therefore, while rectifying TDS return I have no option to delete the column. pls suggest to resolve this issue.

Interest of rs 10000 paid on money borrowed for purchasing shares to be held as investment. Query is that such type of Amount Allowed or not while Computing income from other sources.
plz give yur answer with reasons.

I have filed TDS return for q4 of 2013-14. The Tds authorites give a notice for short deduction/Collection for an amount of rs 1,61,851/- But there is no short deduction. How can i resolve the problem?

DEAR SIR

WE ARE MFR OF GOLD ORNAMENTS & SALE IN ALL OVER INDIA.

NOW WE WANT TO EXPORT GOLD ORNAMENTS.

PLZ. LET US KNOW :

(1) ANY INCOME TAX EXEMPTION IS AVAILABLE ON EXPORT TURNOVER PROFIT ? IF YES, UNDER WHICH SECTION ?

(2) IS SECTION 80HHC IN FORCE AT PRESENT ?

(3) OUR ITEM'S CHAPTER HEADING IS 71131930. CAN WE AVAIL DUTY DRAWBACK ON EXPORTS ?

THANKS IN ADVANCE.

ANCKOORA.

Dear Sir,
If a builder purchased a land and held it as stock in trade more than 3 years and sold it. Please explain the tax implication on this.

Please help

Thank You