Dipti

Sir, my client has received his refund by cheque, but the bank account number printed is not correct, by mistake he had quoted a wrong bank account number.
pls, guide me as to how I should get it rectified


Shweta
28 May 2013 at 13:12

Income tax inquiry

I have received a letter from the income tax department kalian stating that myself, my brother and sister have had a property deal of Rs. 78 lakhs and the tax on the same has not been paid.
however we (myself and my brother and sister ) do not have any such property on our joint names neither on our individual names. there was a deal of our ancestral property but the legal heirs are our parents and two other uncles and not us directly, however the income tax letter has only our names and not of our parents or uncles.

what should we do in reply ?


Pradeep Lodha
28 May 2013 at 13:11

Income tax refund

Income Tax Refund order is received on the account mentioned in the return form, but said bank stops clearing because of insolvency. How to get bank account No.of the cheque rectified.



Anonymous
28 May 2013 at 13:07

Value for service tax

DEAR EXPERTS

IF THE LAND OWNERS OF THE PROPERTY COME TOGETHER AND FORM A PARTNERSHIP FIRM TO CONSTRUCT A RESIDENTIAL COMPLEX ON THEIR UNDIVIDED SHARE OF LAND AND CONTRIBUTES THEIR OWN CAPITAL FOR CONSTRUCTION PURPOSE AS WELL AS RECEIVES THE ADVANCES IN THE NAME OF THE FIRM FROM THE PROSPECTIVE BUYERS, ON WHAT VALUE THEY HAVE TO PAY SERVICE TAX ?

ARE THEY LIABLE TO PAY SERVICE TAX ON EVEN CAPITAL CONTRIBUTED BY THEM FOR CONSTRUCTION OR ONLY ON ADVANCES RECEIVED
FROM PROSPECTIVE BUYERS OF THE RESIDENTIAL HOUSES / MULGIES.

MY CONTENTION THAT THE OWNERS AND BUILDERS ARE SAME HOLDS GOOD. PLEASE CLARIFY THANKS IN ANTICIPATION


RAJEEV
28 May 2013 at 12:57

Scrap business

hi friends

pls tell me how to maintain books of a/c person have business of scrap purchase and sell but doesnt issue invoice for such.

so how can we assess his income from such business. i hav to file his income tax return

thanks


Vijay Kr. Mishra

I have recently got Excise registration 4 months (Feb.2013) back & not filed as yet Return due to Ignorance. My total turnover in the FY 2012-13 is NIL. I have purchased a Machine (not for sale) & Paid CVD. Please let us know what types of Return i have to file & due dates etc for filing of returns with Excise. Can i claim CVD as input. Thanks.


Rakesh Sharma
28 May 2013 at 12:48

Service tax liability

Good afternoon experts,

1. If a partnership firm pay freight inward Rs.2000/- in a single entry & similarly paid Rs. 82000/- in the whole f.y. 2012-13. whether it is necessary to take registration of Service Tax. (Total sales = 1.2 Crore)

2. Same condition for individual having tax audit & with out tax audit.

Please advise.


uma..
28 May 2013 at 12:48

Accounts

What is the appropriate head for expenses on return filing and quarterly statements submitted


Rakesh Sharma
28 May 2013 at 12:43

Accountancy charges

In which income head I have to show Accountancy charges recd. & which ITR form I have to use to show this income along with salary & saving intt.

Thanks experts



Anonymous

Dear Expert,
Please put the Tax Paper Solution of Dec 2012 of CS Final.

Its very urgent as exam are coming. So please help us in giving the past year Solutions

Eagerly awaiting.





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