Dear Sir,
My company is receiving services from the individual transporters who is not registered with any department and not issue any consignment note for the services rendered to us. In that case we have not depsoit any service tax on that transportation and not filled service tax return from the sate of registration year 2004-05.

Now the department issue a notice to us that you are registered with the department and not filled any return hence please provide the information from the 2004-05 to 2008-09 in given format:
S. NO. Month/year Amount Paid Tds deducted Remarks

Now i want a opinion of experts that what I will do for save any penalty?

Is i am liable to pay the service tax on such individual transporter they are running there vehicle only for their livelihoof? and file the returns or file the Nil returns ?
how to I save from the penalty?
Pls guide me properly so I can do better?

We are the registered manfacturing company?

An Assessee has sold residential house.Due to his severe illness, he purchased a new residential house in the name of his wife.My question is that whether he can claim deduction U/s 54.Whether there is any High Court/ Supreme Court decision on this situation. Please quote the relevant one.

Sir

Our Firm Has Received advances against Job work from Debtors ac.The advances are from 20 to 30 parties.The Received entry:

Advance from Debtors Cr
Bank ac Dr

Please say can i make all this advances under i group.Please give group head for Advances the advances are not yet settel upto march 10.

we are a proprietor firm & C&F agents.we hire transporter to carry our goods.Every month we receive bill from transporter.we pay him through cash or bank.I want to know whether we have to deduct TDS as payment to transporter is above RS 20000 every month.i also want to know if transporter quote his PAN NO then whether we have have to file nil quarterly return of TDS.

Dear sir
we have one small doubt, we aren't paid service tax for last Ten months, Now we need impormation how do calculate service tax penalty.pls give detail.

Dear sir,

1)we are Registed with Central Excise.
2)we are Participating in Exhibition at Bombai.
3)The display machinery was removed with Excise Invoice.
4)is has passed Mumbai Octroi Checkpost with R Form.
5)Now one customer wants a particular Machine for purchase, from the exhibition site.
Please Clarify.

1) Is it possible to send machine with out Bringing back to our unit at bangalore.
2)Central Excise Formality to be Followed.
3) How Can Be complete with R Form Closing at Mumbai check post.

Hi

If a individual filled income tax return in 2007-08 (AY 2008-09) but there is by mistake for which PAN number mentioned and the Income Tax department send a letter u/s 272B (which is penalty not less than 10000)
Can anyone give suggesstion what can do the Assessee?

Can he filled the revised return or any other option that he can do?


Thanx & regards
Anirudh

we have purchased licence of Sonic wall for one year.

please advise whether TDS is to be deducted , if so what is the rate of tax.

Hi,

Last year my mother bought a house in Faridabad. My mother and me are the joint borrower for the home loan. I am not the owner or co-owner of the property. I have only salary income. However, I am the borrower in home loan and all the EMIs are paid by me. The bank issued a certificate in my name and my mother.

Can I claim deduction for the home loan interest & principal @ 50% or Nil.

I discussed this issue with some CAs who are in practice but not able to find a consensus.

Could some one help me with the reference/ circular to resolve this issue.

Thanks in advance.

Regards,

Piyush

Hello everyone

I had appeared in november 2009 exams but could not clear.Now I am worried as there are lot of changes in almost all the subjects. Please suggest me following:-

1) Changes/revisions in AS

2)Material to study the revised and newly issued Standards on auditing

3) Any changes in law (specially sebi guidelines etc )from last attempt

4)any change in mics apart from amended information technology act

5) Is new direct tax code applicable for may 10 or just i have to update myself with finance act 2009 and other case laws etc

6)where from should i get all the changes in IDT

I will be really thankfull to all of you.Please help me.