I have filed my original Return of Income for the AY: 2008-09 on 12-08-2008 and I have declared an income of Rs. 2,22,260.00 and I have claimed a refund of Rs. 54,297.00 on the TDS of Rs. 55,557.00. On the said amount of claim of refund I have been refunded a sum of Rs. 58,370.00 for the AY: 2008-09.

During some time the financial year 2009-10, my deductor was searched by the Income Tax Officials and detected that TDS was short deducted and was directed to deduct tax at a higher percentage that was deducted during the financial year 2007-08. Hence an amount of Rs. 1,05,217.00 was deducted. The same was remitted to the Income Tax Department on 18-06-2009 during the FY: 2009-10.

Eventually my deductor gave me the new TDS certificate in Form 16A, I have revised my Return of Income for the AY: 2008-09 on 30-09-2009 declaring the same total income of Rs. 2,22,260.00 and claiming a refund of Rs. 1,59,511.00 before I received the refund order for Rs. 58,370.00. The AO has refused to grant me refund as the original ROI was filed belatedly.

Will I be eligible to claim refund?
Are there any case laws? Pl cite them.

Dear all,

In my client doing a manufacturing business, they using packing materials to send a safe goods. can we take that purchase tax of packing material as ITC. or it treated as expenses.

My client being a Pvt Ltd Co.engaged in Manufacturing of Metal based Products i.e.Copper/Nickel Ferro Alloys Billets.Total Turnover is Rs.229.39 Lacs during the F.Y.2012-13.

Now query is whether Maintenance of Cost Accounting Records has prescribed by the Central Government for the said Industry & Product as per section 209(1)(d) of the Companies Act.this is required for CARO Reporting in Auditors Report.

Please reply earliest.

Kindly explain me the difference between corporate and non corporate entities?
And also why accounting standards are only applicable to non corporate entities?
IT WOULD BE OF GREAT HELP IF YOU CAN REMOVE THIS CONFUSION....SOMEONE PLEASE DO HELP...

One of my client is a trader in plywood. He has a pvt ltd company having its registered office in bangalore and a godown which is at a different location in bangalore itself. He purchases plywood sheets from a factory directly and supplies it to furniture manufacturers. Now he wants to get excise registration as a dealer to pass on the CENVAT credit to his customers. I tried filling the online A1 form through ACES. My queries are:
1)Under the business premises column, should I fill in the address of the godown or the registered office of the Company? 2)The godown is a rented one. So under the column "Investment in land, plant and machinery", what amount should I feed in?

Looking forward for an early response.

Thanks
Yogesh Khemka

Sir,

Whether The turnover limit for vat audit for F.y.2012-13 is Rs. 50lacs or 1 cr.?

in our company the salary will be made after the month for eg may month salary will be paid in the first week of june. for the month end we will create journal salary dr to salary o/s entry
when salary will be paid the entry will be salary o/s dr to bank account.
now the question is when preparing voucher for salary in the first week of june the debit account should be salary o/s or salary a/c becoz one of the person is objecting that the voucher should not be in the name of salary o/s and it should be salary account. is there wrong in preparing voucher as debit account salary o/s instead of salary a/c

Respected sir,
I have a private ltd co. it's date of incorporation is 17th Oct 2012 it's authorized capital is 500000 and paid up capital is 100000 now i want to file Roc return so please tell me the penalty as due date was 31/12/2012 as per my calculation.
An early reply would be appreciated.
Thanks

1 of my friend forget to sign the ITR acknowledgement A.Y.2012-13 & sent it to banglore.

Now the status shows that the "return was rejected. Sign Missing".

Now what is the procedure to claim the refund for the same.

Hello Members!
Please suggest me about self study of AMA.