At the time of filing Income tax return for assessment year 2010-11 ,my sister-in-law by mistakenly wrote wrong PAN number and due to this ,now she has received a letter from Income tax dept(Delhi) which includes that the return is pending for that year and should be paid .Within 10 days ,if response is not given then proceedings will begin. Also,the letter contains some different name of company.Kindly, guide us.

Suppose A sold equity shares of a private limited company on 18/12/2012 sales consideration=10947469 indexed cost of acquisiton=1898358 so LTCG= 9049111. Now to avoid capital gain tax, A wants to invest Rs.50 lacs u/s 54EC(NHAIbonds) during march 2013 Rs.40.49 lacs u/s 54EC(NHAI Bonds) during April 2013. My question is =How it will be reflected in the income tax return of the assessee for ASST YEAR 2013-14.?Whether whole deduction u/s 54EC to be taken in Asst year 2013-14 or 40 lacs during 2014-15 as the financial year changes.? Because u/s 54EC maximum deduction is of Rs 50 Lacs during a financial year.

I had passed my group 1 exam of ipcc and now i am preparing for may 2013 attempt. And i will be joining articleship in june. So for which attempt i will be eligible - may or nov for ca final. If i am eligible for nov ca final exam then for the gap of 6 month(from may) i have to do articleship or not.

sir/madam

my salary is rs. 15000 p.m. so i don't need to pay tax and file a return but i want a home loan and bank told me atleast you must posses 3 yrs. return then only loan will be sanctioned. now i want to file a nil return wheather i can do it or not ? if yes then what is the procedure ?


THANKS & REGARDS..

Dear Sir
I have recieved a post dated cheque dated 15th April 2013. What entry I will post and which date.
And I have paid a post dated cheque to the supplier dated 20th April 2013. What entry I will post and what date.
Kindly reply urgently.
Thanks in advance.

Whether service tax leviable on Plot sale?

Dear Sir
what we do if any employee having No Pan Card ( Income tax deducted from salary ) & he is not Indian but serve as a employee in India

My Friend is selling in usa through ebay usa. He is taking orders from ebay site. He sends his own invoice to customer in USA. He is selling bedsheet.

He is getting payments in INR through paypal in his bank account. During the year there is receipt of Rs 25 lakh in his account.

He has arranged a company here in India, this company purchase material and delivers in USA.

On confirmation of delivery of goods, ebay release his payment. On receipt of payment , he release payment to procurer. In whole exercise he earns around Rs 150 per sale.

Total sale is Around Rs 25 lakh, net profit on such sales is around Rs 1.25 lakh only.
Question is:
1) Should he get him self registered in Sales Tax?
2) Will these transaction be termed as commission sales or own sales?
3) How should he account for in his IT return, . Should it be shown as commission income of just rs 1.25 lakh or sales of Rs 25 lakh and reduced by expenses of 23.75 lakhs?
Please share your thoughts on this?

Sir/Madam,
I have cleared CA in Nov 2012 and got placement in Genpact through ICAI Campus Placement.
Profile-Management Trainee.

Please advise whether it is a good option to begin a career..

Thanks in Anticipation.

Regards
Rachit Arora
8586097297

Sir,
I am leaving under pagadi system fr more than 15 years and two years back it had went to redevelopment. I had paid Rs. 150000/- only on account of stampduty and registration charges. The builder has made sale deed giving ownership to me.

Now I want to sell this flat for 20 lacs.
Then what will be tax treatment for capital gain or any other heads of Income?

Please suggest with provisions or section number?