In income tax act htere is a provision that co's return is to be filed with signatures of managing or any other director.but it is generally seen that CFO been signing all the returns .I just want to know that whether there is any other circular authorising CFO to sign on behalf of directors .

If at the time of filing return it was known that the return is not complete when he was filing it.so just to avoid the delay return is filed .but if there is a need to revise the return and there is substantial diff. b/w original & the revised return can this be proved in appeal that the mistake is not intentional

I want to know that once issued can audit report be revised or not.what if the returns is to be revised ?can a return with which audit report is attached can be revised or not.

Actually my employer has not paid any tds till the due date .now I want to file my incomre tax return .suggest me the way that i can prove the deduction of tds .or if file my return without tds details at what amount should i pay tax

What is the difference between bad debts and Sundry dr. balances written off.
Should these accounts be maintained separately?If yes, why?

Dear sir,

I want to know can, a company engaged in general insurance business who receives service tax on premium collected and pays service tax on agency commission,take service tax credit on any other supplier's invoice? e.g.if invoice received from stationer and he charges service tax in his invoice.Is this S.T. eligible for s.t.credit?


Rahul Mathur

Respected Members,

One of the client declare the dividend of Rs. 1,50,00,000/-. I wants to know how much dividend distribution tax liability will be incurred by the client u/s 115-O.

Regards,

Prabhakar

While filing Q4 return,if we forget to include two challans of that quarter,and the contractor whose TDS is deducted and not shown in the return is asking for the Form 16A,What can we do?

Please throw some ligth on the provisions relating to Amount Received on Cancellation of Agreement to Sale.Assesse recevied some amount over and above the actual amount given to land owner at the time of making agreement to sale.The assessee gave some token amount, say rougly 10% of the agreement value at the time of agreement to land owner.The land owner is now selling the property to thrid party and that third party is making payment to the assesse for cancellation of his agreement to sale.whether it could be treated as sale/transfer of rights in immovable property as the asssesse acquired right to purchase the property be way of agreement to sale with the land owner. Possession was not taken.whether this can be considered as capital gains and consequemtly exemptions U/s 54 will be available? Please provide refference to some case laws also, if Availabe.

My friend had sold a old land long term asset and invested for the construction of house in kochi during the financial year 2007-08. Problems is whether that amount should be used for reconstruction/construction of house? how can it treat with preparing total income during the financial year 2007-08. It will be taxable during the year.The old value around 2.5L and the current sale value Rs.10L. How can it treated in Total income statement 2007-08, how was the treatment or any exemption there ?what is your suggestion on this matter.