1. A trust has not filed its return for last five years, now it wants to file return for all the five years. please tell me whether any penalty leveied for the delay if yes what is the amount.

Can the Bank charge prepayment penalty on closure of CC a/c. which basically is limit taken and is payable on demand.

I have a big excel worksheet where I have filled up numbers in some cells. In the cells which dont have numberes or forumulas I want to have "0"(zero). What is the short cut for this? Can this be done in one go?



Thanks.

Please tell which of my family members can give loan to my wife, exceeding RS. 50,OOO/- And not attracting income tax liability.Can you elaborately explain the definition of "relative" for Income tax purpose.

what should be accounting treatment if goods are purchased with vat/cst and same amount of vat/cst is shown as discount in the same invoice.
For eg...
Basic Price 100
CST 3
Total 103
Less
Discount 3
Net 100
The discount is not in the nature of Cash discount.... We cannot treat this discount as trade discount as well.. as it comes after vat/cst calculation... Please let me know the repurcusion at the time of sale tax assessment.

As per Indian Stamp Act, 1899 Revenue Stamp to be affixed is mandatory in nature u/s 2(23) of the Act, on receipt of above Rs. 5000/-. please let me know the consequences of it, If the law is not followed.

If freight bearer whether consigned or consignee pay service tax directly to GTA. It is violation of rule [(1)(d)(v)]. If is violation of law then please let me know further remedies of it.

Dear friends,

give me suggestion for submit return A.Y 07-08 & 08-09.can i submit this return today's date, return was nil, if any fine to delay of return.

can i submit this return online,those get any problem for me.

thanking you,

Dear Members,





I have filled 26Q for all quarter but NSDL site displayed wrong challan number. becase of wrong entry they didnt book my return so that i am eligible for revise it

but my problem is which challan number i can display in revise return.





Thanks in advance

A SENIOR CITIZEN IS HAVING A DDA FLATS WORTH RS. 50-60 LAKHS AND EARNING HOUSE RENT INCOME OF RS. 6,000 PER MONTH FROM LETTING OUT ONE FLOOR OF IT.

NOW HE WISH TO TRANSFER IT TO HIS DAUGHTER-IN-LAW. WHAT ARE THE WAYS AVAILABLE TO IT SO AS TO TRANSFER HOUSE TO HIS DAUGHTER-IN-LAW WITH LEAST MINIMUM CAPITAL GAIN.

CAN HE TRANSFER IT FOR RS. 2-3 LAKHS IRRESPECTIVE OF SECTION 50C OF INCOME TAX ACT, 1961.

THE PURPOSE BEHIND TRANSFER OF PROPERTY IS TO CURVE TAX LIABILITY.