The Assessee is having 3 house properties, 2 properties being let out and one being self occupied. The Assessee has took housing loan for that self occupied property and claimed deduction of Rs.1,50,000/- and filed the IT Return.(The Assessee calculated income from 2 let out properties as per IT provisions). The IT dept. has added that Rs.1,50,000/- to income and raised the demand accordingly. Kindly guide me in this regard.

Hello everyone,

my client mr. X proprietor entered into agreement with a company in Turkey providing certification services like ISO 9001:2000 something like that.

rate per certificate payable by mr. x to the turkey co was 150$

in the financial year 2011-12 he did only 3 certification work and therefore he has to pay 450$.

His turnover in the fy 11-12 was only Rs.100000/-

He donot have TAN no. and due to some dispute between him and the turkey company he decided not to do further business with them.

Now i have to issue 15CB to him and confused whether to get him a TAN or not becoz tax has to be deducted and if tax is not deducted then i cannot issue form 15CB ?

waiting for the views of the experts.

whether exchange rate ought to be taken on the date on which BOE for home consumption presented to custom officer or on any other date?


Regards,

Munna.

is it possible to take transfer, one year after completion of articleship training ? and if yes then what is the procedure for the same ?

Hello sir

my query is

Profit before tax is 398000
Depreciation as per books is 10000
Depreciation as per income tax act is 8000
Tax rate is 30%

what will be the entry for provision for income tax

i passed the below entry is this right one,

Profit/Loss A/c Dr 117000
Provision for income tax Cr 117000

Dear All Professionals

Please guide me,
I am Working in a Pvt Ltd co, our Directors say that In Services Tax Calculation you must take setoff all MTNL Bills, Cos Reg Bills, and other Expense Voucher which show S T?

So here Can i take setoff or not?

Please guide me....one of my clients has not applied for Service Tax No only though his gross receipts are far more....he is a labour contractor supplying labour for painting work n all on contract basis....do i need to report in his Tax audit report that he has not applied for service tax registration ? In clause 43 B ? or in any other clause ? please tell me....

I have been trying to upload FORM-1.Upon prescrutiny ,following error is displayed
"Since withdrawal process is pending for name against Form 1A SRN,hence form cannot be filed".
Kindly suggest the solution for such an error

My assesee has voluntarily registered under MVAT as a dealer in computer spare parts & electronic appliances. For Oct to Dec 2012 he has not paid MVAT before due date neither he has filed MVAT Return. He is Non audit assesee. My query is
1) Whats due date for non audit assessee for paymnt of MVAT and filing MVAT returns in case of Voluntary registration?
2) Also if the penalty of Rs 5000/- for non filing can be adjusted against the Initial deposit of VAT paid to the dept?

Dear Sir/ Madam

i have passed Group 1 of PCE Examination in May 2012.

As per Board Announcement all those student
who have passed Group 1 of PCE Exam will get paper wise exemption not a group wise exemtion,

I want to know only is there is also validity of this exemption will be remaining 3 times or not

I need your valuable reply in this regard sir.