for the last 8 years PAn no of the assessee mentioned wrong in the ITR now for the A.Y.2008-09 ITO issued notice and demanded Rs,10000 penality what is the remedy availablefir current year again we have mentioned the wrong pan i.e ACTPJ3721A instead of ACTPJ7321A

If an assessee is running 2 proprietorships one having turnover of more than Rs. 40,00,000.00 and other less than 40,00,000.00 and pays interest of Rs. 10,000.00 from the second proprietorship(lower turnover one) then will he be liable to deduct TDS on the same.

Please clarify anyone-
Reg-AGM Proceedings
One shareholder applied & gets the shareholders list from the listed company, with the payment of appropriate fees, as per the companies act,1956.
Subsequently, he is giving a notice to the company u/s 257 of the companies act, seeking to appoint him as independent director of the company in the ensuing AGM.
As per the provisions of the companies act, the board is taking this subject to the shareholders meeting (AGM) & to set the motion in AGM by conducting the voting by show of hands.

In the meantime, the cited shareholder brings with him 20 or 30 persons to the AGM & to request them to act as shareholders, by giving them sufficient shareholder details on hand ( ie.) Name, address, folio no, no. of shares,etc. (since the list is already obtained from the company), to participate in the voting.

1) To eliminate these dummy shareholders, whether we can asks the ID Proof (voter ID /Ration card /Passport copy )at the venue of the AGM to identify the genuiness of the member? OR
2) Is there any alternative steps are available? Please advice.

Thanks in advance
Varathan

is there any possibility that IT Deptt can postpone last date of filling return for tax audit from 30th sep to 31st oct for FY 2008-09

Please anybody help me to solve this problem.

Our company had a contract agreement(section 194C)for the AY 2006-07 which has an effect of TDS.But the company fail to deduct the TDS for that AY.Financial Statements for AY 2006-07 are audited. Now the contractor wants TDS certificate. Company is now wants to pay the TDS for the AY 2006-07 with interest. How can i account this transaction with no questions raised by Statutory Auditors

Hi,

I will be day-trading futures contracts in a foreign market, using an individual account with a brokerage based abroad.

My understanding from reading multiple posts in this great site are:
1. Since I will be trading futures and options, my income will be classified "Income from Business".

2. Since the exchange will not be recognized by SEBI and/or there will be no PAN account number on the transaction note, etc.., the income will be further classified as "Speculative"

Given I will be trading using an "Individual" account, and will be trading from home AND my income will be classified as "Business" - Can I file the my Income tax returns as an "Individual" or do I need to be a "Sole Proprietor"?

In either case, will I need to pay any other taxes in addition to the Income tax?

Thanks,
Gaurav

P.S. I reside in the state of TamilNadu.

I have cleared my PE II in 2007 after which i did my M.B.A. Now i am in a job, and i want to complete my C.A final. But i cant leave the job, bcoz i have to support my family.Is there a way by which i can complete my C.A final.

hello everybody,

my attempt for pcc is in nov09. i have solved classes problems of accouts, but while solving compilation i find difference in answers & even steps in some problems. can anyone tell me whether problems of compilations are correct or not. i am confused.

please i wanturgent help?????

I am an Income Tax Assessee. I want to know can I receive gift from my parents in the form of cash? If yes upto what extent?They are also Income Tax Assessee.

Thanks

Can Anyone provide me about the questions which will be probably asked at campus intereview?

What all areas shall I need to be prepared?

Can anyone sent me tips to impress interviewrs.
Its urgent please...........