Hi

i have one doubt in Interest U/s 234 B

Total tax and Interest Payable upto Feb for Rs 2,70,000

tax paid Rs 50000 in Feb


Balance tax payable 220000

whether Interest U/s 234B is attracted for remaining Tax in case tax is payable for the month of March.

What is the meaning of Rectification U/s 154 of income tax act

Please explain me in simple language.

SIR,
IN A PARTNERSHIP ALL PARTNERS EXCEPT ONE RETIRED on 31.3.2011. On 1.4.2011 THE REMAINING PARTNER CONTINUED THE SAME AFTER ADMITTING ONE MORE PARTNER. WILL THE PREVIOUS PAN WORK FOR FILING I.T.RETURNS. OR SHOULD THEY APPLY FOR A NEW P.A.NUMBER . PL CLARIFY.

Dear friends,
We are in the business of manpower recruitment services and now we are entering into the contracts with one of our clients and we are making payments in four equal installments (quarterly payment) so my query is can we take CENVAT credit Entirely as soon as we get into the contract, or we have to take CENVAT credit after all the payment is done or we are allowed to take CENVAT credit on proportionally (payment basis)

sir
There is my excess payment made to ICAI
so whats the procedure for refund....

respected sir,
it was stated in partner ship agreement that, on 31-03- of financial year profit or loss should be devided between partners at epual ratio.there is no words like renumaration used in partnership deed.
i like to know that , can i debit remunation to partners to p&L account at equal ratio, to reduce taxable income of firm.
please some one clarify.
( i like to know that, with out using the words ;renumaration, renumaration paid to partners eligible for exemption or not.)

Dear Expert,

When i was 6 month that time i and my mom dad migrate from nepal after that i never gone to nepal i permanently settle here. I did my schooling and graduation from mumbai and I had all proof of identity & Resident like PAN, Votor ID,Ration Card,Adhar,Driving Licence,bank paasbook and College Leaving Certificate. I had applied for passport by registration / neutilization what certificate they will demand for place of bith? or should i have give affidavit?


Please give your valuable suggestion as earliest.

Thanks & regards,
Dinesh Singh
dineshking87@gmail.com

Hi, I am a Chartered Accountant and a Company Secretary but my 15 months practical training in CS course is pending. Now I am working in a private company. The secretary of my company resigned recently. Can I act as a company secretary of my company? If not what are the possible ways to work as a secretary? Please suggest.

I have been investing regularly in PPF accounts of my kid (me as guardian) and my own. The total limit has exceeded 1 lakh p.a. The PPF account passbooks show interests earned in both the accounts.

Why do you state that there is limit of 1 lakh on combined PPF investment? Forget about tax deduction. Please ask ONLY about investment possibility.

I was on deputation to USA by my Indian company to USA since July 2005 till Aug 2011.
In the year 2001 I stayed 8 months in USA and become resident at USA and payed full resident tax of 30% on my total salary.

I had no salary in India during this time

Since India has Fiscal year I stayed in India from Sept 2011 till March 2012 - 7 months in Indian Financial year and become resident at India too.

But my company payed 12 month resident tax to India from my 7 month salary.

Though I am resident in India, I had received only 7 month salary in India.

How can I refund my April 2011-Aug 2011,5 month salary tax from India government.

I have W9 form US government showing my income and tax deduction at US during the 2011 Finacial year.

Now already paid 12 month tax here and my return processed how can i revise and take my money back from India government ?

Am i eligible as Resident-Not ordinary ?

Where is the option to revise online ? What all documents to be submitted along with Revision ?