A salaried employee filed his I.T. Return in Form ITR1 for the assessment year 2013-14 on 31/07/2013 electronically. He got arrears from Jan 2006 to June 2013. But he did not claim relief U/s 89 in his original return. Now he wants to claim relief U/s 89 for the assessment year 2013-14. Now what is the procedure to claim relief? Would he submit Form 10E electronically with revised return in the web site of www.incometaxindiaefiling.gov.in? Or after preparation of Form 10E he would submit Form 10E to his employer for the A.Y.-2013-14 for claiming relief U/s 89? Please inform me as early as possible.

Sir,
Suppose a person is running two firms of same group(one main and other sister concern) say ABC and XYZ. Now suppose the CASH receipt in ABC in APRIL-2013 is Rs.300000.00 and that of other XYZ is RS.200000.00. But by mistake he deposited Rs.450000.00 in bank a/c of ABC. Consequently there is negative cash in hand of ABC. What is the remedy ? Can XYZ give loan to ABC in cash for more than 20000.00. Please guide.

how is tax audit done...please elaborate

I want to start new contract in works contract services (painting works) in mumbai ,I have my cst and VAT registration from UP.
For this contract I have to purchase paint material from mumbai and execute the contract in mumbai so i want to know that can i execute this contract with my CST number and no additional vat registration required in mumbai . and I pay my all taxes from my CST number registered from UP. Kindly suggest me for this

My daughter is now NRI, She has NRE bank account in SBI. and her original bank account in other bank. Also other bank account is attach with their share dmat account. My quire is should she hold ordinary account and share dmat account in other bank or she has to inform all the related institution about their NRI status.
Hasmukh

is tin number registration similar to e registration of vat under ctax website in karnataka.

Hi,
I filled FORM 1A and given my ICAI membership number in specific column provided for . I clicked pre-scrutiny button , its shown "no error". While uploading the same it shows "Prescrutiny error - membership number invalid". Experts Please guide me to rectify this error. My M.No.228786 and its correctly got filled

Respected Sir,

A company is going to take the finance round about 8.5 CR Cash Credit and 2.5 CR Term Loan From Bank of Baroda.

As per discussion with Branch Manager of BOB, they decided to increase Authorised Share capital round abount 1.5 Cr. instead of Unsecured loan as quasi capital. At present Authorised capital of company is 0.82 Cr.which would be incresed 1.5 Cr. So, Total = 2.32 Cr.

My question is what should be Stamp duty for increase in authorised capital of company and it depends on incremental or Total Authorised share capital ?

Another question is instead of increasing authorised capital, whether we can go directly to increase unsecured loan keeping as quasi capital ?

Plz give me perfect answer as early as possible

Hi!!

My client incurred a loss of Rs 3 lacs from share trading business on turnover of Rs 25 lacs. He has an other income of Rs 8 lacs. Whether he has to get his accounts audited u/s 44AB and 3 CD has to be filed?

Pls confirm.....

Can we file manual income tax return for the same. This is pertaining to AY 2013-14.

Thanks & Regards

Dear Members,

Running private school since 18 months in Andhra Pradesh

Still now we did not pay any tax.

What are the taxes to be paid by school

Did not hire any accountant/consultant
in this regard.

What are the mandatory taxes to run school successfully.


Please enlighten us

Thanks in Advance