If an assessee has filed the half yearly return of 2007-08 but now he wants to revise because of some mistake in the original return.

But as per Rule 7B the return can not be revised because the 90 days limit has already been lapsed.

In the above scenario what option the assessee has.
Can he recalculate the service tax payable and pays the service tax without making changes in the return.

Please tell me can he do so, if no then what are the other ways to solve this problem because the assessee does not want to evade any tax.

Regards
CA Suresh Choudhary.

Can a sales tax demand be recovered from directors of a ltd company ? If yes then what are the remedies. If no, what are the case laws.further the demand is due to non submission of statutory forms, and directors have no role, please provide case laws to support your reply.

We are received a C-form from our customer But it is misplaced, so what can i do?

Dear Sir,

Is it required to file Quarterly T.D.S. Statement (form 26Q) even when no deduction has been made in that quarter?

Regards.

Megha Vora

What treatment must be given to exchange difference arising at the time acquiring Fixed Assets.
As per Revised AS-11, this must be routed through P & L A/c.
But as per Companys Act, this must be adjusted to the cost of Assets.
However, As prevail Companys Act.
Can you just clarify this?
However, AS 11 is silent on whether the exchange difference arising before capitalistion (i.e. if any advance payment is made) or after capitalisation (i.e. final settlement done after capiatalisation) difference must be routed through p& L A/c. So, does AS-11 mean that both must be routed through P & L A/c or only post or only pre capitalistion must be routed through P & L A/c

i want to prepare d-vat 30,31 electronically
so please give me a software which contain d-vat30,31 features or send a attachment of file of d-vat31,30 in excel for quick fill up
of form .
i have pirated tally 7.2,9.0 but in tally 9.0 , i am not able to convert data because
is is showing internal memory access violation error, existing tally dialog box.
and in tally 9.0 in d-vat 30 date of purchase and bill no. is not showing i.e. software is not picking details from bill.
please help me

What treatment must be given to exchange difference arising at the time acquiring Fixed Assets.
As per Revised AS-11, this must be routed through P & L A/c.
But as per Companys Act, this must be adjusted to the cost of Assets.
However, As prevail Companys Act.
Can you just clarify this?
However, AS 11 is silent on whether the exchange difference arising before capitalistion (i.e. if any advance payment is made) or after capitalisation (i.e. final settlement done after capiatalisation) difference must be routed through p& L A/c. So, does AS-11 mean that both must be routed through P & L A/c or only post or only pre capitalistion must be routed through P & L A/c

I am making projection for 5 years for pvt ltd co.

Net loss for Year 1 Rs (100)Lacs
Net loss for Year 2 Rs (150)Lacs
Net loss for Year 3 Rs(300)Lacs
Net profit for Year 4 - Rs 800 Lacs
Net Profit for Year 5 - Rs 1000 Lacs

What will be tax liability for Year 4 & Year 5 . Whether it will be normal tax rate applicable or MAT. Can you explain with example and in detail manner

Dear sir

I have ICICI Prudential Life Insurance (annual Premium for minimum 3 years ) and
Max New York Life Insurance (similar premium)

Are these fallen under 80C or 80D? I want
to avail benefit under 80D (minimum 15000)
which product I can choose?

Please suggest.

The company is into selling computers and giving them on rental. It also provides AMC on which it charges service tax. The company does not want to apply for composite scheme. Is it fine?? It taken input credit only to the extend of 20% of Output service tax