Is it absolute necessary to submit railway receipt or lorry receipt to issuance of H FORM . IF ANY ONE HAVE ANY CASE LAW PLS. SUGGEST.

Is it possible to make corrections in uploaded form32. The uploaded form is approved. A director gave his resignation and a new director was appointed on same date. I have to make correction in that date of resignation and date of appointment of directors...instead of 05/01/2011 client's staff provided the date as 05/11/2011... I wish to correct the same.. The client has paid penalty of rs 1800 and filing fees of 200... Is it in any way possible to cancel that wrongly filed form and to upload the new corrected form... Please reply soon...

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Dear Expert,

My Friend, is doing painting ,plastering and polishing works(on office furniture) of Corporate houses and Individual parties.

Now he wants to obtained Service Tax registration, under which category of service tax he is liable to register himself.??

He is doing above work with and without materials.

dear sir

My name is Phanindhra kotha

i would like to buy ca final second group material ( for costing, indirect tax, direct tax and isca)


Please suggest me which book is better for own preparation.


thanks and regards

Dear sir/madam,

While calucting Firm Interest under wealth tax, In partnership firm balancesheet shows Rs. 8,00,000/-as cash in hand.

This cash balance should taken into consider for calcuting individual partners interest in firm under wealth tax.

ABC Pvt Ltd started its operations in FY 2011-12.
• It had a PBDT of Rs 2068235.00
• Depreciation as per Companies Act – Rs 50674.00
• Depreciation as per Income Tax Act – Rs 1734015.00
• Tax payable as per normal provisions is Rs 103274.00 [(2068235.00 – 1734015.00)*30.9%]
• Calculation of DTL
o Diff in depreciation – Rs 1683341.00
o Total Timing difference – Rs 1683341.00
o So, DTL created – Rs 520150.00
o DTL actually created by passing a journal entry as Deferred Tax A/c (P/L item) Dr to DTL (Current Liability item) Rs. 520150.00
• As said earlier, the ABC Pvt Ltd had a PBDT of Rs 2068235.00
• MAT Calculation :
o PBDT – Rs 2068235.00
o Less : DTL Provision – Rs 520150.00
o Book Profit for MAT – Rs 1548085.00
o So, tax @19.055% - Rs 294988.00 say Rs 295000.00
o Current tax provided by passing a journal entry as Income Tax A/c (P/L item) Dr to Provision for Tax (MAT) for AY 2012-13 (Provision) Rs 295000.00
• As the Tax payable is more under MAT, assessee paid tax of Rs 300000.00 along with interest.
• Now here the MAT Entitlement is Rs 191726.00 (295000.00 - 103274.00)
• But, no entry was passed in that year for MAT Entitlement.
• Now my question is that,
o Was the working for the year correct?
o If anything is wrong can we correct the mistake in the current year i.e. FY 2012-13
o How to pass entry relating to MAT entitlement.
o How to pass all entries again in the FY 2012-13

Respected Sir/Mam,

I have registerd for cpt exam in 2009 and give exam 4-5 times but did not clear it.Whether i have to revalidate my registration in cpt for giving cpt june 2013 exam.If yes what is the procedure & fees.




With Regards,
Rocky

I am dealer (Partnership Firm) in chemicals. Cylinders are loaded & unloaded in Trucks. We debit these charges as Hamali Charges, Loading & Unloading Charges. My query is whether the firm is liable to pay service tax on these charges? If yes, under what head and from which date?

i have paid 3 installment of a insrance policy of 20000 pa....but now its bcom expensive for me to pay the premium so i hve cancelled dis polcy. amount received by me is 48000. plz tell me whether d loss of 12000 can i claim as a loss under capital gain.

Hello Friends,

I filled my Audited Income Tax return for f.y 2010-11 on 30/09/2011. On 07/03/2013 I received an intimation u/s 143(1) from cpc which raised demand.

Demand is raised due to my mistake that is a new plant & machinery was purchased by me and I take the benefit of additional depriciation on that plant & machinery. Unfortunately I didnt show it on my return in additional depriciation coloumn. And take that whole amount on depriciation coloumn.
Now my question is that is it compulsory for me to file revised return or file rectification of mistake u/s 154 of Income Tax Act?

Thanks in Advance