company sale to goods and company send material send to party location. for company saffer side company cover goods under Transit Insurance. and insurance company charge Service tax on Insurance ..... so my quesn is that company can avial cenvat credit on the same.

Hello Experts, i have recently received an email with subject "Intimation U/S 143(1) for PAN AJFxxxxx2K AY:2012-13". I had filed my ITR myself last year and used all the vales as per my form 16 provided to me by my employer. In the Intimation PDF letter under the IncomeTax Computation there are 2 columns 1-As provided by taxpayer in return of income and 2- As computed under Sec143(1) all the values are matching except TDS. TDS is less by INR9145 in column2. I just want to know from where is the lesser value in column2 calculated? I have as per instructions in the letter given a Rectification Request.
Please can you let me know what else can be done and how much time does it normally take to solve such an issue.
Thanks in advance..






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Dear all,

One of my client made return for the AY 2013-14 In ITR -3 in physical form since he is a partner and received remuneration from his own partnership firm. Latter he realized that he is also having certain proprietary business income for the same AY. Now he would like to revise the return through online using ITR 4.

My query -

1) Whether can he file revised return for the same (including proprietary income) on online.
2) Which ITR form is required to file return online for the above mentioned income(i.e. remuneration from firm and proprietary business income)

Please guide me in this regard, thanks in advance.

Regards,
Rajesh korepu

Partner receives remuneration of Rs 1.10 crore during FY 2012-13 (AY 2013-14) as calculated from partnership firm

Accounts of the partnership firms are audited u/s 44AB

Does an individual - partner who receives remuneration of Rs 1.10 Crore have to get his accounts audited u/s 44AB Separately ?

i have downloaded form 16A

There is
Status of matching with
OLTAS* is U i.e. Unmatched



Now what i have to be do??

1 revised my TDS Quarterly return or issue form 16A to the dedctee.

please guide me

thank you

1) Only interest on late payment of TDS (i.e interest on late deposit of TDS)is made for all the 4 quarters.Is there any need of revising TDS return of all the quarters?

2)Interest calculation on TDS of salary,If TDS is deducted for the April month salary i.e deducted on 30 April 2012 and TDS deposited on 12 June 2012.What will be the months calculation and amount of interest?

Dear Expert,
Received me Notice from TDS Depatment U/s 200A and mention it for Late filling fees payablr Rs.1000 U/s 234R Plz Rleply me which form use for paid latr filling fees amount and payment after ans. of notice to Officer?

I am planning to start ITES (Information Technology Enabled Services) work from home. I am an individual and not a company. Two other people will help me like a team who will be paid by me. This work involves doing medical transcription work. I will get assignments from US and New Zealand via Email and I will send the finished work through Email.

The employer will send us service charges based on the volume of work I do on a monthly basis. This project can last from 3 to 5 years, and we will get paid monthly like salary in US Dollar from a foreign bank to my indian bank via wire transfer (approximately 1000 to 1500 USD per month).

MY DOUBT IS:

1. Whether this is an export? (since we do not send any goods and we render services only online)

2. Whether we need an Import/Export code (IE Code) for this type of transaction. Private banks are not asking for IE code but when I approached Bank of Baroda, they asked it.

3. Whether FIRC (Foreign invwared remittance Certificate) is required after they pay me.

4. Whether this needs current account or savings bank account?

From going through various QnA on this forum, some are saying IE code is needed and some others saying, its not needed.

For example, pls see the following links.

"https://www.caclubindia.com/experts/iec-code-for-export-of-services-440420.asp


https://www.caclubindia.com/experts/import-export-code-726955.asp

http://yourstory.in/2012/01/import-export-code-for-service-providers/ require ie code for exporting a product service outside of india."

Okay in case of benefit of doubt, in case I apply for IE code now, nothing is wrong right. In case I apply for IEC, I don't have company, so can I apply in my individual name?

I want to know how accounting is done for recharge or talk time seller on behalf of a cellular company.I mean who we will manage his accounts. he receive talk time and sell it to retailer and get commission on behalf from cellular company.

Dear all,

a security agency provide guards to various entities, and raised bill showing separate amount for service and for ESI & EPF, and charged service tax on the whole bill amount....

my query is that whether service tax shall be levied on whole amount or only on amount for services provided (i.e Total billed amount minus ESI & EPF)..

PLS Respond