Hi,
Yesterday I have received one letter from income tax department as below
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Sir/Madam
Subject: Non filing of income tax return – Reg

1. The Income tax department has received information on financial activities relating to you. A list of some of the information for financial year 2009-10 onwards is provided overleaf. As per records, you do no appear to have filled income tax return for Assessment year(s) 2010-11, 2011-12

2. You are requested to furnish your response in the enclosed proforma to the undersigned by post within 10 days. Please not that your personal presence or presence of any authorized representative is not required.

3. if no reply is received, within specified time, it will be inferred that you have not filed income tax return for the relevant assessment years and proceedings under Income tax act, 1961 may be initiated

Yours Faithfully
(Income tax officer)
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Do not know what to do.

I am salaried person. My salary is 6,000/-. Last 2 Yrs. ago I have done the transactions in Demat of rupees one lakh.

Hi.. i registered for my articleship n finals together in april.. my principle got the letter that m regstelrd fr articlshp.. bt i didnt got any intimation or registeration lettr for ca finals nor articleship... what should i do..?

I was gifted 50000 shares of a private limited company (not listed in any exchange)
by my mother 3 months back. I am getting an offer to purchase at Rs 50/- per share. What is my Capital Gain tax. My mother had purchased them at Rs 10/- about ten year back. What best should I do as these sahres are not easily saleable

I am taking transfer of my articleship from Udaipur(CIRC) to Mumbai(WIRC) after 6 mths.Plz,can anyone clarify me on following matters-
1)all documents required
2)form 109 to be submitted to icai office in udaipur or in mumbai
3)what to do with old form 102,103 and identity card
4)franking required on which forms(109,102,103 or all) ?
5)form 102,103 can be puchased from udaipur or from mumbai

Can i know what is XBRL? I did google search but language used is very tough...plz tell me in simple terms.

what is the difference between association of person and body of individual?

i have been registered for my articleship 5 months ago. now i want to take transfer to another firm. is there any rule that we cannot take transfer within 6 months of articleship joining??? please replyasap

Hello,
I have cleared CPT in December'2012, but yet not registered for IPCC,
I am planning to get registered in November'13. I want to know that If I get registered in November'13 which attempt will i get, as it is noted that there should be time gap of 9 months between registration and attempt.
So, will i get May'14 or Nov'14?
please kindly reply as soon as possible,
thank you in advance.

Dear sir,
I have few queries
1. I have got a house from my blood brother worth Rs. 30 lacs and the sale deed is in my wife's name. Now my question is if I ask my brother to gift the house, will he or my wife need to pay income tax or gift tax. In this case is it not exempted.
2. If my father in law gift say Rs. 10 lac to my wife(his daughter)
does he or my wife need to pay gift tax and if so how much. Is it not exempted.
Thanks n Regards

A partner as per agreement gave his personal vehicle on rent to his partnership firm for Rs.2,16,000/- annually. Shall TDS be deducted on the same? If yes then why? Please Explain