Dear colleagues.
an assessee has only speculation income from share trading. he has received full the profit from the broker by way of chq.
is balance sheet and profit & loss a/c reuired to be given in ITR 4 ?

if yes,his balance sheet shall be NIL? as he does not have any business assets/liabilites like debtor,creditor,stock etc

regards

paresh zatakia

We have hired a porta cabin ( Temporary structure) from a vendor and he is charging CST or VAT as we have taken right to use the cabin. Is it correct.


In another case we have got made / fabricated a setup in a conference. Electric wiring, wooden wall, synthetic carpet , LCD display etc. We have used this set up for three days and vendor has taken back the entire structure with equipments.
Vendor has charged CST @ 2%.

As per our knowledge he has to charge service tax but he has charged CST.

What is "RIGHT TO USE" and its cover in service tax or sales tax (VAT or CST).

Thanks

Dear All,

Please let me know what is the process , if some person dont allow company to deduct TDS as they say that their income is less then the ememption Limit.

What should company do? And also what document is required to submit in the company by the person ?

Hi,

How to account for deferred tax liability?
Please explain....

My Father is not working, I am eldest in my family, My income is only source of family income. I have paid a sum of Rs. 16500/- for the tuition fee for the Delhi university.

Should I claim this as a deduction u/s 80c

Please advice.

Rajesh Jaiswal

Hi,

Can anyone give me the correct explanation of section 149(2A), 149(2B) of Companies Act, 1956?

what are the documents to be attached with application claiming refund under Under Rule 5 Cenvat Credit Rules. what is the time limitation.

Dear all

If a company paid TDS of Rs. 50,000/- excess in the month of may-08 can be adjusted against Mar-09 tds liability ?

please clarify

We are STPI company and claimed 10A benefit in last year.

There are some expenses claimed in last year & reversed in current year. Auditor has asked to reverse it as Other Income. Our problem is if we show as other income then we can't include in business income to claim 10A deduction becuase, in general, other income used to take out from business income and offered to tax under other sources head.

for us tt is better to not to claim provisional expenses so income get increase and claim 10A benefit rather pay 30% on reversal of expenses which were actually not paid by the company.

What should be the remedy,can Co. claim 10A benefit on reversal of expenses i.e. show that exps reversal in business income? Any supporting case law is available to satifsy audior?

Please help.


Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com

Hi-,

What should be the date on letter of declaration u/s 274(1)(g) and 24AA. means begaing of the year, last date of previous year, last date of current financial year or after completion of current financial year.

Please advise.

Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com