Hi,

My company registered service tax on 20-09-2012 and we paid service tax on 05-10-2012 for reversal charges. While filing return for the period of June to September it show rejected reason “System does not allow filing of return for period prior to the date of registration”. Please advise us..

We are paying to goods transport agency the freight for transporting goods by road as a reciever of service. so we have to pay service tax on it. But some of the GTA are not giving proper consignment note. some are not serially numbered,some are not having their registration no or no indication regarding who is laible to pay freight. so as per service tax definition , there should be proper consignment note. so are we liable to pay service tax if consignment note is not given by gta or it is not proper??
Also tell me how to see limit of Rs 10 lakh in gta. We are paying freight and liable to pay service tax as reciever,so how we will calculate limit of 10lakh or we have to pay without any limit??

Partnership firm running restaurant, purchase hotel premises and done satakhat/unregistered deed as on 05.08.2008 and taken possession of premises from Mr. 'B'. Money given for the premises shown in balance sheet(Unaudited) as under fixed asset head say Rs. 2600000/-.

In the audited balance sheet same amount shown under loans and advances head because registered deed not made up to 31.03.2009(FY 2008-09).

Further, during the FY 2008-09 under survey of premises firm disclosed Rs. 5000000/- as undisclosed income of FY 2008-09 given to Mr. 'B'for the purpose of Renovation of hotel Premises, Furniture etc.

In FY 2008-09 assessee claim depreciation on Rs. 5000000/- for half Year Rs. 250000/-. And no depreciation claim on Rs. 2600000/- as for the purpose of want to claim long term capital gain in future.

And in assessment proceeding depreciation is disallowed on the ground of no explanation given for showing Rs. 2600000/- under loan and advance head under audited balance sheet.

Now my question is whether any difference as advance given shown in loans and advances (as registered deed not ready up to 31.03.2009) or fixed assets on which no intention to claim depreciation.

Kindly give any accounting guidelines for the same.

I want to know due date for filling service tax return for the period 01.04.2012 to 30.06.2012.(Ist Quarter of F.Y 2012-13)
Please reply soon.
Also Penalty provision if filed late.

Sir. i am a newly qualified ca want to start my career outside india( for better packages). i have working knowledge of Tally.erp 9,all kinds of taxation and auditing(2 years experiance as a paid staff in a ca firm). now i want to pursue sap-fico\ cisa\ ifrs. whether these courses are beneficial to get a handsome job outside india??? if in your opinion there is any other course which can help me to start my career outside india. plz answer.
sincerely Ayan

My sister got scrutiny notice for FY 2010-11. In that year she had salary income as main source of income. However, she had bank account in joint name with her husband. Now, as checking the files/documents following discrepancies noticed:

1. There has been cash deposit of around 20 lac in saving account during the year but that's mainly due to her husband's business which has all cash transactions.
2. One property was purchased and sold during the year on which STCG amounting Rs. 4.5 lac was arisen but same not shown in ITR filed.

Now, ITO has asked for Bank statement with narrations for all entries and also asked for Personal Balance sheet/Statement of Affairs, Profit/loss A/c etc which however were never prepared for the year as that was also not required. So, i have following queries:
1. Whether STCG be shown as income for year or not! If yes, how much tax/interest /penalty will be imposed by ITO?
2. How to prove these cash deposits into account?
3. ITO also asked to file affi-davit providing detail of all bank accounts maintained. Now sister has one other account in joint name with her husband but in that account all transactions are related to her husband business only. SO, is it required to show this account also in affi-davit or not complusory.
Dear Experts, Kindly guide with your valuable suggestions.

I had uploaded my Service Tax Return for July to September 2012, but I got the error that System does not allow filing of return for period prior to date of registeration,

If the assessee had obtained the STC at later stage what is the procedure to file Service Tax Return. Moreover my previous return of April to June was accepted by the department.

If i wrongly file Form 49 (Madhya Pradesh) and wrongly show the invoice details.
Instead of In form i issued out form,transporter wrongly mention the invoice details on it due to clerical mistake and at the check post,officer imposed penalty on us.There is any way for check post penalty waived,if yes kindly mention the case law.

I have more than 6 Years of Experience in a BPO which is for insurance process can i apply for exemption from training. I completed my CS Executive Program and Can i Apply for exemption now only or after completing CS Profession. Please Advise me i am very much confused about this

Thanks You in Advance

Mr.X is converting Proprietor Firm to Pvt Ltd Co. what are the books of accounts he is required to maintain as audit under Income Tax will be applicable to assessee?

What are the Books & Registers to be maintained under Companies Act