Assessee is an individual and has sold a property during a relevant previous year.At the time of assessment proceedings A.O. rejected the actual sale value and considered the value adopted by the stamp duty authority.He also disallowed selling expenses as assessee failed to produce any evidence in relation to same.Consequently penalty proceedings u/s.271(1)(c) have also been initiated.In this situation what stand can the assessee take?

hi

if the fundamental assumptions are not followed then is it sufficient that a disclosure is made in As-1 or should the auditor qualify his report even after the disclosure is made?

thanks
tima

A building taken on rent . Service Tax is paid on rent.The same building is given on rent by the tenant to another party and service tax collected on the same. Can we take the cenvat cresit of service tax paid to the main owner.

If I undertake a printing activity then are both MVAT and service Tax applicable ?
I know that MVAT is applicable ; but if service tax is alos applicable...under what service category is it so ??

If I undertake a printing activity then are both MVAT and service Tax applicable ?
I know that MVAT is applicable ; but if service tax is alos applicable...under what service category is it so ??

Which is the best book to refer for Costing & Accounts for PCC or is it enough to refer institute material & suggested answers.

Dear Sir
As in my co. we are paying flat amt of Daily travel allwoance to the emplyees say Rs.150/- per day depend upon their business visit for e.g.if they attend 2 visit in the month then we are payable Rs.300/- at the end of the month with their salary as this is seperate allowance. So have this amount would be taxable or not or how much I get exemption limit per month
Kindly revert me back for this query

My client has a public limitd co. manufacturing medicines. Form 20B, Form 23AC and Form 23ACA are not filed by the co. last year. but form 66 has been filed. Now my problem is that last year it was audited by some other chartered accountant. As per new forms, the Digital signature of the Chartered accountant signing the balance sheet should be there.
Can I digitally sign the same being there chartered accountant or the previous auditor should digitally sign the same.
Further, As per new form, the SRN of the Form 66 is required. But it is not available with us. What is the solution of the problem.
Plz guide.
Thanx

Interest charged on unsecured loan is lower than banking rate. is there any implication or section applicability from the view point of lender regarding lower receipt of income & from the view point of borrower lower payment of interest.The relationship between payor and payee is group concern

Sir,

Recently i have completed my MBA Finance and iam working in a software company in finance dept, where do i get the details of cfa like registration procedure, fees etc.