Dear Friends,

Last year I changed my residence and this change was not intimated to the Income tax department as I did not have any proof of residence.

Further, last year, due to some financial crises I cold not pay the remaining income tax (over and above the Tax deducted by my employer)and Also did not file my return.

In this regard I have two queries:

1) how to find out whether I have have been served any income tax demand notice.?

2) for this year's return, which address should I mention in the return form - my current address or the address which is there in the income tax department record..?

other information

I am salaried person and I am residing in a rented flat without a rent agreement.

Please provide me your valuable advice

sir tell me article traning after cpt june 08.( will traning be started pass the pcc ist group )

i purchased a new machinery for Rs200000 and company gave a 1yr warranty.After 6months due to some technical problem machine got repaired and co. replace some spare parts and raised a invoice forRs50000 and on that invoice mentioned free of cost.my query is whether i should capitalize this extra 50000 also even though i not paid any amount.

When I search in Query lists for my problem I found one answer of an Expert :

Mr. Sanjeev Kumar Varshney
Posted On : 8/16/2007 1:31:57 AM

"The limit of Rs 1500/- is applicable for full truck load means truck / vehicle carrying only your goods. If each truck carry separate GR below Rs 1500/- then no Service Tax liability on you."

But
as per "Notification No. 34/2004 - Service Tax
1.
(i) the gross amount charged on consignments transported in a goods carriage does not exceed rupees one thousand five hundred; or

(ii) the gross amount charged on an individual consignment transported in a goods carriage does not exceed rupees seven hundred fifty

2. This notification shall come into force on the first day of January, 2005."

can anyone clear my Confusion, especially Mr. Sanjeev Kumar Varshney if possible.

Thankig You
Manoj

Pls help on the below doubt:


As on 31st march Company has spend an huge amount to obtain an contract but there is possibility in getting the contract is 50-50 so as on 31st march where should we book the expenses -- either as expense or asset.
If so which accounting standard we should follow?

Thanks

What is the FBT rate apllicable on ESOP? Would also like to know the surcharge or any other tax applicable on it

Can a C.A. firm prepare/help in prepration of Financial Statements of a company as a Management Consultant?

The definition of the expression “Management Consultancy and other Services” by ICAI includes "Preparing cash budget, cash flow statements, profitability statements, statements of sources and application of funds etc".

Can anyone provide me chart of parties covered u/s 40A(2)(b) of IT Act

Section 80-C permits the deduction for the payment of the amount (including the repayment of the principal component in the Housing loan from the specified persons) towards the purchase/construction of the House property.
The query is whether this deduction for the repayment towards the principal amount is available even if the possession of the property is not obtained during the Previous year?
Unlike for the deduction of the interest on the housing loan u/s 24 of the Income Tax Act which allows deduction in two parts (pre-construction and post construction) means the date of possession is relevant.

Thanks.

Hemendra

please let me know if the service tax is applicable for a laundry services other than dry cleaning?