Hi all,

I recently paid an outstanding demand of tds cpc on the behalf of my client. It comprised of interest on late payment rs. 4820, 234E rs. 3400 and interest u/s 220(2) on the total of the said two amounts rs. 820/-.

Then I revised the return after adding the challan in the correction statement. I reported the 234E figure of rs. 3400/- in the late fee column and rs. 5640 being interest (4820+820) in TDS/TCS Interest (As per deductee Annexure) column.

Now again my client has recd. a demand notice claiming Rs. 820 of 220(2). They have turned off the demand of 4820 and 3400. But kept intact the demand of 220(2).

I am sure this is a case of wrong reporting from my side. At which place do I show the Interest paid u/s 220(2) in correction statement to nullify such demand.

Kindly help.

I have taken the formula for CST Reversal as:
ITC * CST Sales/Total Sales * 3/5 or 3/14.5

1) My query is whether Formula is correct?
2) Whether the Total sales includes consignment sales (shown as exempted sales in Form I) or we have to separately calculate CST reversal for consignment sales?
3) If calculated separately then what will be the formula
Please solve this query as soon as possible

Dear Sir,
Please tell me turnover applicability for VAT-Audit.

Thanks

Sir/Madam,

I am unable to register DSC with Income Tax Site, While selecting the pfx file it shows the following
" Your security settings have blocked a self signed application from running"

Kindly let me know what can I do to register DSC.

Hello

my query is regarding depreciation on assets in case of the closer of business in which some assets were sold and some assets were retained by the owner(proprietor) .. i want to know whether depreciation should be provided in the books of account on the assets retained by the owner and further the said business is closed down due to heavy loss and there is no contingency/hope that business will start in future ... what should i do ..whether depreciation should be provided in the books of account ... in this case no depreciation is provided in books ... further as per incometax law whether depreciation as per law will be available or not ...whether AS 22 shall be applicable or not ? on which amount DTA shall be provided in this case of closer of business ..? thanks in advance

At what rate & in which Country the tax is charged if a person in India is paying rent to german enterprises having his all enterprise in germany

Query

Suppose Mr. A is the owner of Flat (Holding 750 Sq. ft.) in the XYZ Apartment since 1980. In the current scenario, the condition of apartment is not good and hence the member decided for the repairs. However one of the builder ABC developers approached to the said apartment owners for the redevelopment and following are the terms which are as under:

1. Owner has to surrender the Flat (750 Sq. Ft.) And in returns 1) Flat (1000 Sq. Ft.) and 2) Cash amounting to Rs. 5,00,000/- Per flat to be received by the owner from builder.

2. Society has to surrender all the rights temporarily for re-development and in returns Rs. 1 Cr as compensation from builder.

Questions to above receipts:

1. Treatment for the said transfer to builder?
2. Is the aforesaid transfer to builder is liable for the taxation as per income tax in the hands of flat owner? And if taxable then what would be treatment for the same?
3. What about the taxability of additional space received in turn of old flat?
4. What about the taxability of Cash receipt as compensation in addition to flat received?
5. How the Compensation received by the society is liable for income tax?
6. Any supporting case law in favor as well as against the assessee for aforesaid receipt ?

If one partnership firm changes its firm name then what will be the effect of it on its PAN number?

Whether it needs to inform the change to the income tax department or it has to apply for new PAN?

Hello there,

I have a query regarding filing to CLB

My client is 15% share holder and director in a Pvt. Ltd Co. which has another share holder having remaining 85% share holding as a director. this director without consulting anything with my client takes almost each and every decision. so now my client wants to resign and want his share amount alongwith profit of his share back. but the other director refuses to accept his resignation and do not want to return his share amount and profit. what remedy is available for my client? can he file proceedings before CLb? if yes then what is the procedure and stamp duty to be paid?

We want sale a machine. that machine imported from other country.when we purchased that machine value 809167. Custom duty,educational cess, secondary educationcess applied at that time. Now we want to sale that machine in local(tamilanadu)wheather cenvat applicable or not. if applicable what are the rates applicable, how to accountin the books of accounts