ihave received a notice from IT office that your name is in heat list of IT dept. and as per recent directive from finance ministry he has ordered me to subit cash balance,purchase,sale and closing stock up to 31.3.2009 withan 7 days[withan 7.4.2009]
but notice has no seal.please advice me
officer has written reason that we are manupalting profit.with thanks

Company paid car hire charges to party( for e.g. Mr.X) & deduct TDS @ 2.266%.

company paid advance imprest to its employee & pass the entry :
Advance imprest Dr.
to Cash A/c

& when employee submit the details of Advance imprest then he also submit a bill of Mr. X (for car hire charges), in which he had not deduct TDS.


now will company liable for non deduction of TDS ?

Sir,

I had availed services from a person and against that the person invoiced me the fees along with appropriate service tax. I have also paid the invoice in full, that is, fees and service tax.

But now, if that person does not pays the service tax to the department.

Will I be able to avail the credit of such service tax paid by me to the person.

Regards,
Harshit Jain

Hi Experts,


I am registered VAT dealer in Delhi dealing in Helmets and other merchandise products.

I have a DVAT TIN number assigned to every dealer Delhi.

I have customers in and around India and I want to send some goods to my customers outside Delhi.

When we sell something out of Delhi it is considered a CST sale or Interstate sale.

Thereby from a registered dealer to registered dealer outside Delhi would require getting C Form executed in our favour.

However, we are not selling goods to registered dealers but to the consumers.

These consumers are just like you and everyone who wants to buy goods from us BUT afcourse CANNOT give us C form.

My question here is -:

If I sell goods worth Rs 900 to an individual in Punjab, I will charge a CST of 2% on the Invoice.

Do I also have to pay DVAT of 12.5% also ?

Please advice and a brief explanation would be really appreciated.

Regards,
Sudhanshu

All expenses which exceed Rs. 5000 need to affixed Revenue stamp on voucher.
If company gives advance to its Employee (more than Rs.5000) then is it mandatory to Affixed Revenue stamp on voucher.

An individual owns 3 separate small houses for over 5 years.

He is planning to sell 2 of the small houses and reinvest the entire sales proceeds in a single big house - within 6 months.

He shall be owning 2 houses total after the transaction is over.

Will he be exempt from LTCG tax on the sale value of both the small houses that he is selling to buy a single big house?

we are paying HRA to our employee and also provide rent free accomodationIN GUEST HOUSE , please advice we can charge prequision of accomodation OR NOT.

which software is best and cheap for income tax matters and returns. I am practising in jalandhar so there should be good service in jalandhar.

I have incurred a short term profit of Rs 40 lacs by selling land whole block has been sold and on the other hand i have incurred a loss of rs.40 lacs in sale of shares held as investment in which stt has been deducted

Can the same two be adjusted

SUMIT

My Company follows cash basis of accouting

but we book the whole TDS amount the certificate which we get from the party

But on the corresponding the total income is not booked because we follow cash basis

is this the right treatment

Please help