in negative list services by rbi is covered. what about to rbi? and also what about part time job as a lecturer in a college. is he liable to pay service tax!

Dear Experts,
Kindly advice me the case given below with IT Rules & Section :
If any body doing business of resale and doing huge transaction in his bank account which is current account, a transferring huge amount to his parties and depositing cash in regular basis, and the turn over of the bank is about 60 Lakhs and he has show just Rs.25 Lakhs as Gross Receipts in is IT Return for the A.y.2012-2013,for this Income Tax Department has issued a notice u/s 142(1) for inquiry and asked him The Bank Statement and the evidence to probe the genuineness of the Transaction, therefore, the A.R. appeared before the Asseesing officer and tried to adduce him that these transactions are just to impress Bank for Cash Credit Loan,
My question is
1) What are the Powers of ITO/Assessing Officer in the case, if the Asseesee Representative did not appear before the ITO/Asseesing officer?
2) Is there any guideline or ruling of Hon'able Supreme Court that these types of transaction can be allowed.
3) Can ITO/Assessing officer compel the Asseessee to produce Books of Account or other documents if the asseesse did not reply his notice u/s 143(2).
4) Can ITO/Asseesing Officer demand the Bank Statement of the Asseessee from Bank ?
5) If Asseessee could not probe the genuineness of transaction what can ITO do?
Please give the reply by providing Sections and Rules.
Thank You.

the person worked in private shop and salary paid him in cash.
How can file his return....

Respected Experts i registered in ipcc in 2010 and gave 3 attempts. each time i wud pass in all papers but could not clear group. this is my 4th attempt going on. for some reasons giving just grp 1 of ipcc now.my registration wil expire in september 2014. 2nd grp wil giv in nov 14. i want to know should i revalidate myself in ipcc again or convert to inter. i hav completed IT and Orientation training. i know i can do it and i am not going to quit. please help.

I recently passed out ipcc with 406 marks, I m a nov 16 attmpt student.. I want to prepare finals at self ... as I need to study more nd after being a senior article i'wont hv much time to prepare for exams... please suggest me which subject I should tk first for studies... keeping in view the changes brought down along with new companies act, 2013

can anyone pls share ca final solved papers of previous 10 years?..thanks in advance

is companies act 2013 is applicable in nov.2014 exams or is syllabus of auditing of IPCC group 2 changed as per new companies act 2013

are we allowed to write using gel pens that are waterproof in IPCC? and can we use blue and black both colors?

Dear Sir,
Please help me in this entry.

we are a online form provider,iwant to know this sales entry in tally.f8--

Item - application money 1000
our charges from 1000 is 10%.
Service tax 12.36 on our 10%
-----------------------------------
total = 112.36
tds 10% deduct over 112.36

hence we receive application money advance.
now tds amount will add on their total amount.please help me today.

Is it necessary to send ethical letter to previous chartered accountant in case of Non-Statutory Audit of a non profit organisation?