i have receive a notice u/s 154 for short dedution of tds please give a letter format for reply this notice.

Kindly remove my confusion as to whether a belated service tax return can be revised or not?? I have got following two different opinions-

I)A service tax return can be filed under Sec.70(1) of the Finance Act, 1994 (“Act”) Furnishing of returns. — [(1)] Every person liable to pay the service tax shall himself assess the tax due on the services provided by him and shall furnish to the Superintendent of Central Excise, a return in such form and in such manner and at such frequency [ “SECTION [70.and with such late fee not exceeding [twenty thousand rupees,] for delayed furnishing of return, as may be prescribed.]”
Its apparent from the above that the Sec.70(1) of the Act governs both the return filed within the due date and the belated one.
Therefore,a Service Tax return which is filed after the due date, as prescribed under Rule 7C of the Service Tax Rules, 1994 (“Rules”) is also a return filed under Rule 7 of the Rules read with Sec.70(1) of the Act. Hence, a belated Service Tax Return may be revised as per Rule 7B of the Service Tax Rules, 1994.

II)As per provision (Rule 7B) has been incorporated in the rules to provide provisions of filing a revised return. Accordingly, in case there is a mistake or omission in the original return, a revised return can be filed with in a period of 90 days from the date of filing of original return,
As per the provisions of rule 7B a return can be revised only if the original return has been filed under rule 7. Means thereby, a revised return can not be revised again. Similarly, a belated return can not be revised under rule 7B.

Hi, my final exams are in Nov13,I am facing a dilemma as from where I should study for DT since I have not done coaching for the same. VG sir's modules are the most recommended in CCI but it is quite vast.
Moreover due to not much time at disposal I have to also take care for other subjects.

Please CCI members advise me what can be the suitable option for DT in this case

Dear Sir,

We are planning to convert Proprietorship Export company to Partnership Export company and we contacted our lawyer and he said yes it's possible as you said in one of the query's answer.

My question is

RC No./GST No./IE Code will remain same? or we have to apply again for new one.

What about the bank a/c's?


Appreciate your immediate reply.

Sir/Mam,
I am a employee in a company i have got Fuel & Maintenance allowance Rs.40000/- in Financial Year 2012-13, then please tell me that this allowance is fully exempted or taxable, this is used for office use and also personal use.if taxable then tell me how much is taxable and how much is exempted.

Thanks

I HAVE COMPLETED MY GRADUATION IN MARCH 2012.
NOW I WANT TO PURSUE CA .
WILL I BE ABLE TO REGISTER MY SELF FOR IPCC NOV 2013 OR I SHOULD REGISTER MY SELF FOR MAY 2O14?

WHEN CAN I REGISTER MY SELF FOR IPCC EXAMINATION?

CAN I JOIN ARTICLESHIP AFTER REGISTRATION.

Dear Members,

I want to know that when is service tax not applicable to the clearing and forwarding agent and goods transport agency?

Dear All,

Please help me in drafting a board resolution which will be related to a peron authorizing him to sign all the bank documents and also to attend the consortium meeting of the banks and all the other powers required.

Thanks & Regards,

Ritu Agarwal
C.S. LL.B.

Sir,
It is my simple and long back doubt.Why we are using Profit and Loss account instead of Profit or Loss account.I thing second one is more appropriate.Kindly consider my query .I am expecting a reply soon.

Sir,

Q. A sales goods to B for. Rs. 100000/- on 60 days payment terms
B pays to A after 30 days amount 98000/- and deducts Rs. 2000/- showing as early payment interest in his debit note.

what will be accounting entries in books of A for deduction of Rs. 2000/-, is it to be treated as discount & rebate or interest paid.

Is A liable for deduction of TDS on this amount (as B has given debit note for interest on early payment),

Thanks
naresh.