Can we pay penalty(of Rs.20000/-) for late filing of April-June qtr service tax return by self or we wait for deptt notice demanding the same.

Email : gaganca2010@gmail.com

Dear Sir,
My question is that in form 16 is showing the amount of tds is Rs.65000,however in form 26AS showing Rs. 65000 plus interest income from P.N.B Rs.230000 on which tds is deducted rs 23000. Person is salaried person only.
Can ou please tell me which ITR form to be filed & if there any exemption on TDS deducted on interest ,then how to show in ITR ,& also whether interest also to be shown in ITR or not??

Can i use ITR1 For Commission Income?

I have faced a practical prolem, that is there is a company which manufacture paints, had not paid any vat to state government having turover of rs 28 lacks approx. How should we deals with this matter? Vat rate ia 4%

I have entered the details of TDS deducted by employer in Advance tax paid column by mistake , thus resulting in duplication of Tax paid amount. This results in claim of refund where as I am not eligible for the same. I have not submitted the ITR V form yet to CPC Banglore. Now what shall I do? Whether I shall file revised return and submit both ITR V together or not?
And I would like to change the address also.

Please guide in the matter.

Hello Sir,

this is first time i am filling returns so i have some doubts.When i am filling ITR1 in when i am giving my rent paid 86000 system calculating only 24000.I am not able to understand why this is happening.

My other query is in last financial year i worked for 2 employers.

1'st employer(April 12- Nov 12)
2'nd employer(Dec 12- Mar 13)

Accountant from 2'nd employer said form 16 is not issued for 4 months.Do i need form 16 from both employers to file returns.

There was no tds deducted from both employer.

Please respond asap.

Thanks,
Manish

I wish to know "How to enter opening and closing stock in Tally 9?" The inventory is not integrated.
May i know the accounting entries too?
If I give the entry:

Debit: Closing stock
Credit: Trading Account

How can I give it in Tally

An employee is switching over to another company and in the new company he will not receive PF, but he wants to continue his PF A/c in the new company which he had in previous company.
Please advice what to do.

Sir,
I would like to know about Service Tax, if 1 travel agent purchsed tkts. from another Travel agents, wht will be his book entry as like :-
Party : xyz travel
sale : abc travel
Basic fare : 25500
tax : 5400
discount : 76(3%) on Basic fare
Sr. Tax : 9 (12.36% on 76)
Tds @10% : 8 (on Discounts)
-----------------------------------
net amount : 30841.00 (payable to abc travel)
same tkt sold to client by abc travel :-
25500(basic)+5400(tax)+100 (sr.charge)+12 (Sr.Tax on 100) total bill 31012.00

I want to know that what will me more liability to M/s ABC Travel in Service Tax matter......

In ITR-1 under Income from House Prperty, it is asking to select whether Self-occupied or Let out. In this case which option to be selected, if house property income/loss arises from part of the year is self occupied and part of the year let out (received rental income).

Can any one plz suggest me in this.

Thanks in advance