Dear All,
one of my client have received an intimation u/s 143(1) of income tax act,
the date mantioned on intimation was 14/02/2010 but receive by us on 15/10/2010. the intimation was for the assessment year 2008-09.This intimation was showing a demand of 2,47,000/-.
the reason for demand is not taking the credit of TDS. My client has lost TDS certificate.

I know that the intimation is not valid as per Section 143 (1). Because such intimation should be received till 30/09/2010.

I just want to know what can i do now.

I had brought a residential flat in Jan 2007 for Rs 20,00,000/- and now selling(Nov 2010) for Rs 37,00,000/-. I do not want to reinvest the amount in another house but want to use the full amount for starting a business. How much tax will I have to pay in my case in order to use the full amount.I am presently unemployed since Feb 2010.

An indian firm (wholly setup in india) is providing consultancy services to company setup in Liberia. As per liberian taxation rules that company deduct 6% witholding tax from the service charged by indian firm. my questions are as follows:
1. Will that income is taxable to Indian firm?
2. If yes then can indian firm get witholding tax benefit which is deducted by liberian company?
3. Is there any agreement or any taxation rules that cany be referred in correspondence to this?

The assessee is liable to service tax as service receiver. can he avail basic exemption limit of Rs. 10 lacs.?

Irecently read the excellent file by Mr. Madhukr sir - Understanding the service tax concepts.

I read the service receiver cannot avail basic exemption - can more resource circulars/notifications be shared in this regard as i want to understand y a service receiver be penalised or say seen liable to tax from first penny of payment for receiving a service?

i have revised etds return of F.Y. 2008-09 quarter 2 once now i want to again revise that return, pls tell me the procedure to do so.

A pvt comapny has given guest house to its director .can guest house expenditure (like Rent,maintainance exp, kitchen expenses) will be allowed as an expenditure as per IT act /Company act?

What is the tax implication on director

Pls clarify

Regards
Madhuraj

Query: As per Section 10B of Income Tax Act, - apart from other conditions mentioned in section 10B one of the condition is deduction is available only to those business which is not formed by splitting up or reconstruction. So my query is what does the word RECONSTRUCTION means? If a propritorship firm is converted into Partnership firm does this tantamount to Reconstruction? Propritorship firm created in 2003-04 and converted into partnership firm in 2004-05. Are there any case laws available on this issue?

if a house property is self occupied so its value shall be decided as on valuation date.

We are a dealers for Software and doing some services. We supplied a Software to Railways, Mumbai and doing some implementation works for their project. We are doing billing from chennai to mumbai- for Software both CST & Service Tax and for Implementation work- Service Tax.

As we are doing interstate sales and interstate services is works contract tax is applicable.

whether service tax is applicable on contruction contracts received from educational institutions and from military department and on what basis