It is clear that 271B should be read with 44AB and not 139. Therefore is 271B attracted when Tax Audit report is mannualy filed with the Department before due date for AY 2009-10 and the return is filed on 5th Dec 2009.


Also Could you please share any caselaws which makes it clear that 271B is not attracted if Tax Audit Report is filed before due date and return is filed u/s 139(4)(ie after due date)

Sir I have done CA in 2006, Now I want to do LLB.
(i) Pls tell can I do so & for this will I have to take prior permission from ICAI.

(ii) Can I do LLB through distance learning and then after completing register with BAR council.

(iii) Is there any exam exemption for CA doing LLB course.

Pls guide me

Hi!

Which department is authorised to do Service Tax Audit and assessment and under which section, also is there any time limit ti initate such proceedings

Dear Friends,

This is yogesh, one of client having a following issue with service tax department, so please suggest..

The client is an authorised distributor of SUN DIRECT DTH and they receive two types of receipts through distrubutionship service 1) Contract receipts 2) Commission Receipts
Contract receipts received on the basis of number of instalations they did and they have to raise an invoice with applicable service tax.
Commission receipts on the basis of order by the client, which one is not liable to service tax..
But the service tax department has raised an query regarding the commission receipts and they insist us to pay service tax applicable rate..
My question is
1) is the commission receipts is liable to service tax?
2) or exempte?
3) The SUN Direct has issued two types of TDS for Contract and Commission receipts.

Dear all,

pls suggest :
If Cummulative Convertible Preference shares converted into eq.shares of the same co. then for the purpose of period of holding for calculating Cap gains, which date shud be considered. ?

Whether date of original purchase of Cummulative Convertible Pref shares or the date of conversion..

Kindly provide relevant section supporting your suggestion.

sIR,IS IT REQUIRE TO PREPARE THE AGREEMENT FOR THE SERVICES PROVIDED AS business support services,and goods transport agent.

Can we raise the bills on the pary without preparing the agreement.

What will be the stand of department if we raise direct bills without the agreement on the parties.

Deduction under 80E

I have started Repayment of Educational Loan in the current year 2010 (loan taken 2005)I have been in default in respect of holiday period at the time course but i paid all the holiday period interest as soon as i got the job (2010) whether can I claim the total interest paid as deduction under 80E?

MY CLIENT IS A BLDG. DEVELOPER ,

1)DURING THE YEAR WORK COMPLETED IS MORE THAN 40 Lac, But no sale agreeement is made with any body as no flat is sold. Whether he is liable for Tax Audit.

2) Can he follow Completed Method for Taxation Purpose.

Sirs , how to make decision of purchase of an capita assets acquired on finance , whaen we donot know its cash inflows? for example :

Ltes it cost is 100 laks
finance is 80lakhs with interrate of 10 5 per annum with yearly rest with epayment schedule of 10 years and its residual value after depreciate of 5 %. please guide me , when and how my lone is worthy for for purchase of assets ? and whether i shoud go for this ?

Dear all

When iam paying rent of warehouse is Rs.65880/- excluding of service amt Rs.6786/-, and iam receiving the payment from the customer of i provided service and raising bill B.no.100 is Rs.72795/- including of service tax whereas Rs.65997/- is service amt and Rs.6798/- is Service tax amt and i will receive the payment after deducting the TDS 2% is Rs.1456/- (Rs.71339/-), and what amount should be paid to service tax from my side. and what r all the entries should made in tally erp 9