Sir,
Whether can we take cenvat credit on servicetax paid on freight outward.
Also how much servicetax we have to pay to the service tax dept on the freight bill
Under reverse charge mechanism.

Rajagopal TK

Dear Sir,
Please Tell me How to Audit purchase Import??
Please Sir Its Urgent

Hello Experts,

Need your Guidance & Suggestions on the following:

Ours is a Pvt. Ltd. Company with a Turnover of around Rs.5 Lacs Only.

Due to unavoidable circumstances in our business, we were not able to FILE IT Returns for the PERIOD FY 01.04.2011 TO 31.03.2012 (AY 2012-2013).

What is the LAST Due Date for filing ITR for the above Period (FY 2011-2012)?

And What would be the INTEREST / PENALTY in such case ? Income Tax Payable is around Rs.4,000/-.

Looking forward to your Valuable Advices.

Thanks & Regards

Dear Sir,

I am CMA by qualification. I am pursuing a study on the Amendments happened in SEBI Act and what lead to those amendments.

I am looking out for a book or a site where I could get these information.

Can anyone help me in this direction.

Regards.

H S Vyas

Please define the Government assessee specified in Rule 30 of IT rules.

Dear All,

I have a question on assets. Does all intangible assets comes under fixed assets? or do we have any intangible asset which is not a fixed asset

There is a house co-owned by two assesses.
one of the assessee has one more house apart from the co-owned house.
So the question is whether one of the assessee can claim the co-owned house as Self-Occupied Property while the other claim as deemed let out property??

Dear Expert,

I am running proprietory business in mumbai, i had obtained PTRC no. in the month of dec,13.

currently i have not yet employed any staff, so there is no liability of PTRC on me.

Is it require to file Nil PTRC return for the FY13-14??

duration for filing PTRC return is monthly or yearly in case of 1st year of registration????

Pls. reply

Thanks

sir,
i had a capital loss of Rs.1300000 in 2008-09 and at that time return was filled on time and i had carry forwarded my loss but in the next period (2009-10) i had not filled return on time and carry forwarded my loss,now in 2010-11 i have capital gain of Rs. 1100000 can i take the set off in this year 2010-11 of capital loss which was in the year 2008-09

If an individual has a business t/o of 40lac and if he shows a profit of 2,50,000 which is less than 8% of T/O than does he fall u/s 44AB ???