Dear All,

There is penalty on nil income tax return filing for Financial year 2010-11?

If Yes? how Much?

Part 1

A person who deriving agriculture income from its own land. he is producing kapas and sell it some traders who purchases same without bill.

A person can not be able to obtain the bill. he sells some of the produce directly to users.he wants to file return and showing agri Income in the retur for obtaning loan .

so my ques is that while preparing Capital account and Profit and loss account. how can i shown sales in profit and loss account because he does not possess any bills or invoice relating to sales and Purchase( purchase is very negligible)
becuase his cap account and profit and loss account will be made available to banks if he will go for Loan. so what to do in this situation? whether i have to prepare profit&loss in absurd manner? pls explain what to show and how to show or show it or not?
Part2

Secodly, apart from agricultural income, hes doing part time accounting job so he receives 15000/month.if i will go for Agri and non agri income both then i have to file it in ITR 4 am i right?

if i will show only non agri Income(i.e.salary) then i have to file ITR 1. Am i right?

Please explain the situation separately.

Hello everyone,

one of my client is doing job work. material is supplied by client and his labourers are working in the premises of the clients. machinery is also provided by the clients.

he raises bill only for labour charges.

i am applying for service tax registration and confused regarding classification of category of taxable service ?

waiting for the views of the experts.

HOW TO REVISE TDS RETURN ON TRACES WHERE THERE IS NO CHALLAN IN ORIGINAL RETURN. TO DOWNLOAD NSDL CONS FILE IT REQUIRES DETAILS OF ONE CHALLAN ATLEAST.

REPLY WILL BE HIGHLY APPRECIATED

Can a revised return be filed after getting a notice of defective return u/s 139(9)?
ITR4 for a/y 2012-13 is termed as defective. The rectification of ITR is not being found possible under excel utility as it was correctly filled up.
Can I now file Revised ITR 2 in response to the Notice, instead of rectifying defects pointed out, as otherwise ITR 4 filed earlier will be considered void after 15 days?
I may lose benefit of set off of business loss, but it is a small amount and good amount of refund is due, which is otherwise held up.
Kindly advise.

Dear Sir,
Co belong to Maharasthra and taking up a work contract in delhi from PWD. Co raising invoice with CST 12.5% form maharasthra and pwd deduct tds@2%.
And after then co registered in DVAT.

Now my question is wheather TDS 2% amount
1.can co claim tds amount refunded under dvat?
2.can co adjust such tds in maharasthra vat?
3. wheather its dad amount?
4. Any other suggestion

Need advice urgently, Please reply soon
Thanks in Advance

Dear Sir,
Co belong to Maharasthra and taking up a work contract in delhi from PWD. Co raising invoice with CST 12.5% form maharasthra and pwd deduct tds@2%.
And after then co registered in DVAT.

Now my question is wheather TDS 2% amount
1.can co claim tds amount refunded under dvat?
2.can co adjust such tds in maharasthra vat?
3. wheather its dad amount?
4. Any other suggestion

Need advice urgently, Please reply soon
Thanks in Advance

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