respected sir, i heard that sundry debtors and creditors more then six moths and below six months is used in corporate assesses only , but not in individual or partnership firm. is it correct or any new changes or there for this year, and also in itr 4 incometax given the excal utility there is a provison (above six months.......etc), thanks in advance

Dear Sir,
One of the assessee started taxable services from the fy 2013-14 and he obtained service tax registration in the last week of March 2013.

Now I have following queries -

1. Whether he has to file nil return for last week of March 2013.

2. From April 2013 he has started to charge service tax from first bill. Then It is good to deposit collected tax with coming half yearly return
or
return the service tax to his customers back and start to charge service tax after his turn over crosses 10 lacs limit.

Please advise me.
Thanks in advance.

Dear Sir,
Suppose there is two entries of payment in 26Q return.
Both entries have pan no. of single person.
After filing return it is realized that 2nd entry belong to another person.
Now I have to file revise return by giving Pan and name of 2nd person.

When I download consolidated file from trace and here I have two options -

1. Select update option in 2nd entry and change the Pan and Name of deductee and create fuv to upload at nsdl.

or

2. Delete the 2nd row and insert a new row and entering the 2nd row data again with new Pan and name of deductee then create fuv.

Please advise me.
Thanks in advance.

Friends,
Assessee has received notice from 'COMPLIANCE MANAGEMENT CELL' of Income tax dept for AY 2009-10, 2010-11 & 2011-12.
ITR filing for AY 2009-10 & 2010-11 are time-barred as in August 2013.
This is not a notice for filing return u/s 142(1).
Can the assessee e-file time-barred ITR's or physical filing is needed?
Thanks

I had uploaded a 3CB & 3CB of one of my client. I forgot to upload notes and schedules of the balance sheet and Profit and Loss account in PDF format in hurry. I have uploaded just the First pages of Balance Sheet and PRofit & Loss Account. Kindly guide / advice the way out or whether this would be sufficing the IT requirements.

Dear sir,

where to shown untransferred excise duty. in the end of accounting period current liabilties balance shown debit balance please solve anybody my query

Thanking you

Can the incometax return be filed for the AY 2011-12 Electronically now, The assesse have no amount to pay as tax?

THE ASSESEE IS CARRIYING ON TWO BUSINESS. SINCE THE PROFIT OF FIRST BUSINESS DOES NOT EXCEED 8% OF GROSS RECEIPTS OR TURNOVER OR SALES. WHERE AS THE GROSS PROFIT OD SECOND BUSINESS EXCEED 8% OF GROSS RECEIPTS OR SALES OR TURNOVER.THE TURNOVER , SALES OR GEOSS RECEIPTS OF BOTH BUSINESS TAKEN TOGETHER DOES NOT EXCEED SIXTY LAKH RUPEES.WHETHER ASSESS CAN OPT SECTION 44AD FOR ONE BUSINESS AND GET ACCOPUNT AUDITED AND DECLARE 8% OF GROSS RECEIPTS AS INCOME FROM BUSINESS AND PROFESSION IN RESPECT OF SECOND BUSINESS.

Respected expert,
My query is totally related to commission income.My queries are :-
1.In which head the commission income will be taxed.
2.In what circumstances commission income is taxed under the head "income from other sources."
3.May a assessee can take it
under the head P G B P.
4.can an assessing officer disallow the income charged under the head PGBP and charged under the head income from other sources,what will be our submission regarding it.
thanks

Whether TDS is deducted on the bill inclusive of service tax payable by the recepient of service charge under reverse charge.