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.

plz send me listing conversion of pvt ltd into public ltd and procedure of listing on my email id: gorihiteshh@gmail.com

Regards applicability the act says the following:

" Every other establishment employing at least 20 persons on any day during an accounting year."

Would that mena that literally every small shop like stationary or grocery and all corporates come under this category provided they employ 20 or more employees?

Please quote relevant sections forming your opinion.

Thanks.

Hello friends I have query regarding following question:
What are the consequences for the company and/or Auditor the lending bank/financial institution if no action is taken on the question raised by the ROC regarding charges created/modified and they remain unanswered? Are the consequences different when the company goes into liquidation?
Thanks in advance.

WHAT'S THE NATURE OF WORK WE GET IN INDUSTRIAL TRAINING? IS IT THE SAME AS IN A CHARTERED ACCOUNTANTS FIRM?

I would like to know the SERVICE TAX APPLICABILITY on the following transaction.

A Bank enters into an agreement with a company for opening of ATM's. Wherby the company shall be responsible for construction of ATM's at the designated site and operate the ATM on behalf of the bank. Bank charges a lump sum amount as "LICENSE FEE" payable by the company on entering into the agreement. My question is the service tax applicablity on the lump sum LICENSE FEE paid. If so under which service??

filing of ST-3 is mandatory? when taxable service is below the limit.and is there any way avoid penalty.