Dear friends,

I have e filled my itr for AY 2012-13. It was filled wrongly. Wrong figures were submitted. I had filed the same in feb 2013. I have not sent ITR V yet to the cpc Bangalore.

Now as 120 days expired, can i file fresh return for the same Assessment year with corrected figures..?

If yes then whether i have to file original return or revised..?

If revised then can the revised return be filled when original return was filled after due date..?

Dear Sir
I have query regarding Foreign Exchange Fluctuations Arising Through Amounts Payable To Suppliers ( Creditors ). e.g. We Have imported certain machines From Supplier Of China which are to be capitalised . The Cost of machines is USD 10000 , on the date import the conversion rate of indian currency is Rs. 54/- . The Purchase is booked accordingly ( 10000*54) For Rs.540000/-. Now on the date of Payment the USD rate is Rs.58/- . Means we have to Pay Rs.580000/- ( USD 10000*58 ) . Now my question is whether this loss of Rs.40000/- ( 10000*54 (-) 10000*58 ) should be assigned to the cost of acquisition of Fixed Asset Or should be shown in P & L a/c.
your guidance in this regard will be highly appreciated

Dear Sir,

I have to start a business on premises of other person, so as a return of use of his premises we have decided to share profit.

But if we made partnership firm more tax, tds provisions will gets attracted, so can I start this business as a proprietorship concern ? and can I pay him share of profit as a rent ? our profit sharing ratio is 40:60.

Dear Sir,
I have a query for Disclosure of Shares being alloted for Part consideration as cash and part consideration other than cash.
Example in this situation:
A Ltd has to pay to B Ltd Rs.100
B Ltd has to pay to A Ltd Rs.70

Then B Ltd gives the offer to A ltd to Take the shares of Rs.100 and pay the balance Rs.30 in cash as net settlement.

Then what would be the required disclosure of the allotment.
Opt 1- Entire allotment for consideration other than cash
Opt 2-Entire allotment for cash
Or Any other,if yes,then please provide.

Thank You

i have issued tax invoice to my customer in march 13 and declared in monthly sale tax return and paid sale tax also. due to shortage of specific item, i have purchased and supplied said item in april 13. how do i account said transaction whether should i take in march sales or april sales.

Can any one tell me what Industrial Activity Code will be applicable for the activities "Training, Recruitment and placement services, staffing and staff augmentation services, outsourcing and information technology services" in E filing - Form 1 at the time of incorporation.

Company name is approved and need a rent agreement for the registered office.
Who will enter into agreement? director?

Actually registered office is of my house and my father is owner. So please clarify
Thanks

Dear Expert,

What does Check auditors audit time.

My Query is about the applicablity of Cenvat Credit for Hotel industry===also if applicable, what all things would qualify for Cenvat Credit===Also whether Inputs , Input Services & Capital Goods qualify for Cenvat Credit

Kindly provide a solution to this matter asap

Thanks & Regards,

Ankit

CPC will now send IT password to only registered mail ID. If we dont have any information for password reset(e-mail id, secret answer,Ack no., bank A/c then u cant reset ut password...If u ask CPC...It says we r advised to do so by IT Dept.Now think on ur own how to reset password otherwise only way is to file ITR offline which is more chronic or simply dont file ITR until any further ammendments.

Regards

7276993000
d4india@yahoo.in