can any one guide me as to what is the procedure of checking the Duty Drawback Statement at year end for an EOU???

Sir
If system accounting followed is cash then then, whether the service provider is liable to pay service tax only on cash basis or on billed amount.Please reply.

Thanks
SL Singh

Hi I am an auditing a propreitor ship . There is a propreitor (name) a/c under capital a/c. There are cases where money's above 20000 being deposited to his bank a/c. Will it attract 269SS and 269T of Income Tax Act as he is a propreitor and need not repay ?

Kindly clarify

Dear Sir, I want to know the Income Tax liability with rates on the following occasions :-
1) Shares purchase & sale on the same day
(F & O)
2) Shares purchase & sale on different day. 3) Sales of shares which are hold above
1 year. ( a. If STT paid b. if not paid) 4) Can we claim LTCL.
5) In which case I have to get my accounts
audit.

Experts are requested to solve the query as per Serial Nos.

Thanks

Am a salaried person and the company has deducted TDS as per salary and have issued form 16 for the same, for the year 2011-2012, but forget to file the return by jul'31 2012. Is it possible to file the return now. If so any penalty will be imposed or self just need to fill in the ITR-1 SAHAJ for for AY 2012-2013.

Assesment Year 2013-14 ITR Forms notified or Not

Dear Sir,

Kindly let me know who can Give C form n who can receive the c form and also our co not registered for CST is it eligible to give C form without registration??? and also from January 2013 is that mandatory to file online all the bills monthly-wise if we have not done what is the next solution??

Thanks in advance

Regards
Saritha

A friend of mine was in service and he had 3 months salary income, when he resigned and started his consultancy as professional. During 2011-12 he had small business income, but had to incur larger expenses trying to establish, resulting in business loss. He did not keep all books of account but filed his return taking income and expenses by analysing his bank account where whatever income he could generate was banked and all major expenses were through bank or credit card. He mentioned gross receipts and expenses in sl 51 of P &L, net figure being net loss which excel utility auto calculated.

He has received Notice u/s 139(9) with error clauses i.e. 14 & 23, stating Gross Profit or Net Profit in P & L is negative. It does not fall in tax audit case. It is professional loss (not a case of trading) where rule of 8% will apply.

What should he do? Can he file ITR 2 now in response to 139(9) ignoring business loss, or taking it in Income from other sources (loss)? or refile original return with out any change in response to sec 139(9) notice?

Please advise. I wrote to Income tax help line but got no answer. I contacted CPC helpline but they could not clarify how to rectify defect pointed out in on line excel utility. There is no way to contact CPC Assistant Commissioner who issued the notice as his/ her email address is not given.

Hello,

I have doubt regarding PAN Application Form. My Doubt are as follow:-

1) What is the procedure for physical application form ?

2) At which addressee i have to submit application form ?
3) How much time takes to receive PAN Card?

Regards,
Mehul B. Maniar

Dear Sirs,
I purchased a residential flat in year 2010 under construction linked plan and also availed bank home loan for that. Possession has yet not been given to me as construction is still going on. My question is ,am I entitled to deduction of the principal amt. and interest amt. at the construction stage or after the possession is handed over/flat is registered in my name and what will be the exact quantum of deduction under each head.
Kindly respond soon.
Thanks