One of my client, co-operative society applied in 2006 for PAN got PAN containing 4th character as 'J'
means status as Artificial Judicial Person.
while their actual status is 'co-operative society'
till AY 2012-13 we were filling Itr 5 with status as co-operative society.
now for current year when we are trying to fill Itr 5 with that PAN and status as co-operative society.
they are subject to Tax audit u/s 44AB.
their tds is also deducted which amount to more than 5lakh.
now problem is when we select status as co-operative society and put that allotted PAN, Itr 5 shows as invalid pan for co-operative society and if v file Itr with status as Artificial Judicial Person we are not able to claim deduction u/s 80p.
and for current year also (AY 14-15) same PAN with contractor, their TDS is deducted more than 1.5lakh.
what is most feasible solution in this situation?

Dear Experts,

We have one company in which no transaction was conducted during A.Y. 13-14. Statutory audit already done and there's no Tax Audit. At the time of filing of IT return, should we select YES at applicability of audit U/s 44AB?

Should we need to upload audit report through our statutory auditor?

Kindly guide me at the earliest.

Hi Experts

One of my ambala based client is in job line and handling work of Ludhiana and Amritsar Locations of his company. As his job is movable, he took two premises on rent one in Ludhiana and other one is Amritsar. Can he claim rent receipt of both the premises while calculating HRA exemption u/s 10

Thanks in Advance

i want to know the amount of interest to be deposited in case the date of deduction is 30-11-2013 and deposition date is 9-12-2013.
amount of tds deposited is 2340.

IF A SALARIED PERSON DOES NOT PROVIDE LIC RECEIPTS OF 12000 WITHIN THE FINANCIAL YEAR TO THE EMPLOYER AT THE TIME OF CLAIMING DEDUCTION.
NOW WHAT IS THE PROCEDURE & WHAT ABOUT FOR LIC RECEIPT,HOW IT CAN BE CLAIMED?????

Hello,
I have one doubt,
I have a ST no & i am a work contractor .
but now i want to add a new business with same ST no, it is possible?
If it is possible then how to add a new business in service tax?

How to pay penalty for late filing of service tax return for more than one service? Is there any code available for making payment?

Hi,

How to calculate customs duty?

I have confusion for eg Mr A purchase goods from Mr B and Mr B charges Rs 100 as product cost and Rs 4 as vat.Now A sold goods to Mr C by adding profit of Rs 30
now MR A should charge vat on which amt on Rs 134 or in Rs 130. please reply my query and thanks in advance.

Dear CA Kedar,
Thank you for your reply. However, I understand 1.5% is payable when TDS has been deducted but not deposited. In my case, I have not deducted the same and now depositing the same from my own and I will get this amount of TDS adjusted in next installment. Hence, please confirm whether interest @1% pm upto today is applicable or 1% upto 05.01.2014 i.e. yesterday and 1.5% for 06.01.2014 OR your reply i.e @1.5%.
Secondly, as per my calculations, considering the date of payment instead of month, the period of delay works out to 4 months, 4 month and 2 months respectively. Please confirm.