ONE MY NEW CLIENT FILED HIS RETURN FOR ASST.YR 2007-2008 THROUGHT TAX CONSULTANT,THE CONSULTANTS FILED A RETURN ON 31ST JAN.08,BUT HE HAS NOT CONSIDERED THE BANK A/C OF MY CLIENTS AND MY CLIENT HAD RECEIVED CONTRACT RECEIPT DURING 2006-2007, ON WHICH TDS HAS BEEN DEDUCTED RS.47000/-BUT CONSULTANTS FILED RETURN WITHOUT CONSIDERING ALL THIS THINGS..... & FILED A NIL RETURN WITH NORMAL INCOME? NOW WHAT ARE THE WAYS TO CLAIM REFUND?

HI FRIENDS THANKS FOR REPLYING ALL MY QUERIES,FRIENDS NOW I M ASKING A QUERY REGARDING THE ARTICLESHIP.
FRIENDS WHY THE ARTICLESHIP IS BECOMING SO DIFFICULT FOR THE STUDENTS.LIKE I WANT TO DRAW YOUR ALL ATTENTION TOWARDS THE DIFFICULTY FACED BY ARTICLES IN THEIR 3 YRS OF TRAINING PERIOD. THE PROBLEM ARE RELATED TO STIPEND,STUDY,WORK ENVIRONMENT ETC.
IN OTHER PALCE AN M.B.A. TRAINEE OR AN IT TRAINEE GETTING ANYTHING HANDSOMELY WHETHER IT IS STIPEND OR THEIR ENVIRONMENT.WHY THE INSTITUTE IS NOT TAKING ANY SATISFACTORY STEP REGARDING THE MISHAPPENING TOWARDS ARTICLE.I M NOT EXPECTING A RPLY OF THIS QUERY I WANT TO LISTEN WHY THIS IS HAPPENING TO US.

we are into mechanical construction, we had a project which has to be completed in 6 months, but due to non availability of work front because of client problem we completed the job in 10 months. For that we claimed and received the over stay compensation for being idle of men and machinery. now my query is that are we entitled to collect and pay service tax for the money we received as over stay compensation which is not a service?

I read somewhere, as per ICAI revised guideline, gain / loss on foreign exchange currency valuation should be transfer to profit and loss account instead of capitalization of same. Could any one please confirm the correct ness of this. Any Guidance note issued by ICAI in this regards. Thank you.

Happy New Year

Respected Sir,

I want know Educational Allowance allowed as per Income Tax Act Financial Year 2007-08 ?

Is it Undersection 80C ?

In which Section Provident Fund Employee
contribution is exampt?

Your immediate reply will be highly appreaciated

Thanking you

Your faithfully


Vilas Choudhari

Dear Sir,

Yesterday due to heavy load over servers the server if IT was working very slower or not accepting the Returns smoothly. In the evening the peoples were seen rushing from one cafe centre to another or enquiring about the status of working of server. Under such circumstances many returns of Income could not be filed or if accepted by the system the receipt generated dated 1/4/2008. Now what will be the position of the assessees who keep on trying right from 7 pm to 12 midnight but were successful after 12.02 am .Whether they will be liable for any penalty in the following cases
a) where the Income filed is below taxable limits
b) where the Income is taxable and taxes have been paid in advance.

Final Attempt- please see.
Hi all,

Friends If someone cleared pe-2 in nov 2007 then His final attempt will be due in nov 2010. (Under new scheme)

But on the other side If a student cleared pe-2 in may 2007 then he will be elegible for final exam in Nov 2009. (under old Scheme)

Friends Its totally unfair for all those who cleared pe-2 in nov 2007, so I want to know-

1. Who will be elegible in May 2010 ?
2. Is There any Students union which can request to Institute, to save the important time of students ?.
3. How can we tell these things to President and other honorable members of the institute.

Can anyone please let me know what naming conventions are normally followed by big organizations / MNCs while numbering the Fixed Assets?

Kindly explain with an example.

Thanks

Company X a Public LTD Company has given advance of Rs.6000000 to a private limited company (Co.Y). And the same was refunded. No contract copy was provided. Henceforth we didn’t know terms & Conditions of contract. Would above transaction covered under any provision of the company’s act? Please explain us.