Hello everyone...can anyone tell me why cost sheet is prepared?what is the exact objective behind it?


Thanking You in advance!

I recently filed my IT returns for the AY 2013-14. I made a mistake by choosing a wrong ITR form. As per the new rules from IT department people who have tax exempt income of more than Rs.5000 should fill ITR 2 instead of ITR 1, but I filed my returns using ITR 1 form. I sent the ITR - V to the Income Tax Department - CPC and got an acknowledgement that my ITR - V is receieved.

Is this a big mistake? If yes, please help me to rectify this mistake.

on 31st december 2007 the last day of accounting year of x ltd. purchase stock worth rs.500000 this is what??
1)transection
2)event
3)transection as well as event

sir,give answer with explanation plz....

Dear Sir,
In f.y. 2011-12, turnover of my one of client was about 25 lacs and in f.y. 2012-13 it has reached to 110 lacs.
In fy. 2012-13 he has paid about 5 lacs to a company for the job work of iron sheet bending by laser machine, of the Iron sheets purchased by my client.
As the above transaction attracts liabilty on my client to deduct tds u/s 194c.

Whether his liability to deduct tds arises from the fy. 2012-13?
or
it arise only from the fy. 2013-14, as fy. 2012-13 was his first audit year.

Please advise me.
Thanks and Regards.

want to know

Sir,
Our company has made an AMC with a company for the year 13-14.The terms of payment consists of 50% advance with the work order & balance in 4 equal installments. The contract amount is Rs.651000/-(excluding service taxes).whether for the initial advance payment we are required to deduct TDS on Rs.325500/- or on Rs.365732/-(including service taxes).please suggest

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Sir,
My friend received NOTICE FROM IT DEPT (CIB/WP VERIFICATION OF FINANCIAL TRANSACTION,REQUEST FOR INFORMATION).

CONTENTS OF NOTICE
THE IT DEPT HAS INFO THAT YOU HAVE ENTERED INTO FINANCIAL TRANS AS PER DETAILS GIVEN BELOW
DRAFT/DEPOSITS OF MORE THAN 1 LAKH - VALUE 219000/.
YOU ARE REQUIRED TO CLARIFY WHETHER YOU HAVE FILED IT RETURN FOR AY 2010-11 AND SUBMIT A COPY OF ACKNOWLEDGEMENT WITHIN 15 DAYS
MY FRIEND NOT FILED ITR FOR AY 2010-11.
HOW TO PROCEED ?.
PLEASE ADVISE.
THANK YOU.

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