Hello,

Can u pls guide me on this ?

Assessment order passed. additions were made. penatly proceedings have been initiated.

We agree to additions but we have not at all evade the tax.

LTCG - added in our income. additions is correct
but we by mistake that share added in another co-owner. which proves that we nt having intention to avoid tax.

now what we can do ?

whether to file an appeal or not ? do reply its urgemnt

1)Adjourments Send to ITO OR Any higher Authority above the ITO or the adjourment send to the court to taken the adjourment can be sign by the employee , managing director, director or any unqualified person of the company , firm, properitor concern, Aop, Boi, co-operative society.

2)How many Adjournments can be made to the ITO or Any higher Authority OR to the any court?

Above Mentioned Queries As Per Which Section, Act, Rule, Order.

Thanking U All Experts In ADvance.

1)Any Dispute between the partners should settled by Arbitration Act, 1940 why? What is the benefit in it? & the partners of the partnership firm or vice –versa cannot file the case in other courts or they have to depend on Arbitration Act, 1940 only?

2) Meaning of unless the contrary appears from the context. (with the examples)

3)As per The Companies act, 1956 Extraordinary General Meeting

1) In Case of approval of any document or documents has to be done by the members of the meeting, the notice must also state that the document would be available for inspection at the registered office of the co during the specified date & time.

So in case of co don’t display the document or documents which was approved than what is the penalty provision or any prosecution. As per which section or in which section it has been mentioned the penalty cause.


Thanking U All Experts In Advance.

MY FIRM IS BEING PARTNERSHIP FIRM (PRACTISING CHARTERED ACCOUNTANT) AND APPOINTED ONE C.A. IN FULL TIME AS A EMPLOYEE SO, IS THERE ANY FORM REQUIRED TO SUBMITED TO ICAI.AND APPOINTED C.A. ALSO HOLDING COP WHETHER SHE REQUIRED TO SURRENDER THE COP TO ICAI OR RETAIN
PLS RPLY ME URGENTLY

I would like to know whether designing and development of Website for client would be covered under professional services or contract for tax deduction.

Hello,

We request any one to clarify this issue.

Our is an Apartment Owner association and we’ve collected Rs.1 crore from all members and Fixed deposited at Nationalized Bank.
Bank deducting 20% of our returns towards TDS. Our Auditor asking us to pay 10% advance tax in addition 20% of TDS since the Interest income should not be clubbed with any other income and this income may not be allowed to claim expenditure of Building maintenance, any other expenditure.

1. Why Interest Income need not spend for building expenditure or any other expenditure?

2. Is it mandatory to make advance tax 30% on all Interest returns?

Regards.
C.K.PRAKASH,

Can the validity of a letter of credit be extended after its expiry date, by way of letter from the issuing bank? My banker says that since the validity has already expired it can not be extended by way of an amendment

DEAR SIR,
I want ICWA foundation RANK LIST december 2002.
to check whether i got a rank or not
I got 283/400


As I was unaware of the formal announcement of ranks

from october 1st 2009 no TDS has to be deducted on payment made to Transport contractor if he furnishes his PAN no. Deductor who make payments to transporter without deducting TDS ( as they have quoted PAN) will be required to intimate these PAN details to the income tax department in the prescribed format. I want to know what is this prescribed format ( form no. if any) and the last date for intimation about non deduction of TDS to income tax department.

Where machineries purchased by loan on hire purchase from NBFC repaid on EMI basis and the finance charges/ interest are debited to Interest Account at the year end, whether this interest/finance charges are subject to TDS u/s 194 A

Deduction u/s 80 IB (10)
If the land acquired by Banakhat and on the basis of development agreement, scheme developed and sold out to members by developer, deduction u/s 80IB(10) is questioned by the I.T.Deptt.as the land was not transferred in the name of the developer.
Kindly quote the judgement if any