Gaurav
25 March 2013 at 22:15

Assessment year clarification

Hi,

I started my business on 1st April 2012 and till now have made certain income from it.

In newspapers, it is written that 31st March is last date for paying income tax.

Is this last date for income generated between April 2012 and March 2013?

In income tax website, the latest form is showing for Assessment Year 2012-13. Should I fill this form? As per my understanding, this form is for financial year 2011-12.

So which form do I have to fill? Or I have to pay income tax on 31st March 2014 for my income generated between 2012-13?

Thanks


kunal
25 March 2013 at 21:12

Rectification u/s 154

sir please tell is rectification u/s 154 possible during scrutiny assesment?


Tejash Patel
25 March 2013 at 20:59

Applicability of servicetax and vat

sir,
my client is engaged in jobwork of garment in which he do jobwork of embrodary on clothrole provided to him, he use threds as a raw material and do embrodary with use of it on computerise machine.
so my que is
is service tax liability on jobwork or vat liability on threds used in it?



Anonymous

hello, i am a registered student of icai in the western region. i completed my aricleship
in feb 2012. I registered for cs executive in
june 2011 but submitted form 112 in december 2012 along with late fee & condonation request. I have not received any reply from the ca institute. I have tried to contact in the regional office in Mumbai but there seems to be some problem & Ihave not been able to speak with anyone. please help.what should i do?



Anonymous

Hi Mr. A retires from XYZ Co. due to superannuation. The company makes a contract with him as Advisor and continues his service. He does not provide consultancy or advisory services to any other company. Is he a consultant for the purpose of service tax and is he liable to service tax? Kindly provide the relevant sections and case-laws for your answers.

Will the nomenclature (Advisor) change help in anyway?

Thanks in Advance.


sandip
25 March 2013 at 19:06

Co-operative service society

Dear Experts,
My client is a co-operative service society registered under C-Op. Societies Act. Last year on 1st July'2012 we had applied for Service Tax Reg. under the category "Other than in Negative List".
The major activity of the society is collecting Maint. Income and accordingly utilizing the funds on the repairs and maintenance of the building and Lift, etc.
Apart from this, it also collects Parking Fees from Visitors and Other Non-members.

Now since there is a need for amendment in the same... Please advise under which category can we amend the services of the society ? Also, IS SERVICE TAX ACTUALLY LIABLE WHEN COLLECTION FROM NON-MEMBERS IS BELOW Rs. 9,00,000/- ???


uday singh Negi

dear sir,

suppose a company has a foreign client (debtor )

and his outstanding is suppose ( rs. 1,00,000/- USD 2000)

it is pending since 2009-10

now every year we revalued the amount , suppose in f.y 2012-13

we revalued that much amount and now it comes to rs. 105000/-
( rs. 5000 is exchange gain )

so when we prepare debtor more than six month and less than six month

rs. 5000/- shall we show in less than six month or
it will be more than six month

i think this should go under more than six month because

their is no transaction at all during the year this 5000/- comes through revaluation



Hitz

Please tell me about the scope (mainly) of these options.

Also tell me about the duration and your personal suggestion about the combination.

Which combination should I take . ??



Anonymous

PLEASE TELL ME THAT UPTO HOW MANY YEARS THE SERVICE TAX DEPARTMENT CAN CALL THE ASSESSEE FOR THE ASSESSMENT ....

FOR EXAMPLE : IF I GOT THJE NOTICE FROM THE DEPARTMENT FOR THE ASSESSMENT (CASE) FOR FIVE YEARS.AND I HAVE BEEN IN DEFAULT FOR 6 YEARS THEN WHETHER THE DEPARTMENT CAN CALL FOR 6 YEARS OR IS THERE ANY SPECIFIC LIMIT FOR ASSESSMENT .
PLEASE REPLY FAST URGENT


Hitz
25 March 2013 at 17:56

Course to do with ca

What are the options of courses available with me to do along with CA.. plz help..






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