Sir,

I have following doubts about MVAT Audit, please guide me

1.) Whether we have to give only list of pending forms C,H, I etc. or we have to pay liability of tax for non receipts of above forms at the time of filing vat audit report in maharashtra

2.) We are accounting our sales transaction in tally as under

Basic Sale ( Under sales group in tally)

Output Vat ( under duties & taxes in tally)

So in one of our company in profit & loss account the sale is showing Rs. 38lakhs & if we add vat then it comes Rs. 41 lakhs.

Then in such case whether it is mandatory to do the VAT audit.

Sudheer

I have one property at my native place where my parents are staying on which I had taken a loan in 2001 and I am paying yearly interest of Rs.80,000/- (approx.). Now I am working in Pune and also I have purchaed property in Pune by taking a loan against which I am paying interest of Rs.1,40,000/- (approx.)

Since both are separate property, Am I eligible for total deductions of Rs.2,20,000/-? or maximum up to Rs.1,50,000/- only.

Can a Bank refund the amount of Tax deposited through OLTAS before remitting the same to the Income Tax Department. If yes, Please give some instances or examples or if no then how could you get the refund apart from Income Tax Department

Plz. anybody answer in brief:-
1)What is told in Sec.269SS?
2)What is told in Sec.269T?

We have made advance tax payment threw E-Payment.Due to Some Technical Problem, Challan is not Generated but Amount debited to our Accounts.

Further,The Bank is denied to provide the Confirmation for the same as it is E- Payment.
So Can get Duplicate Challan or Confirmation for that. Please Guide me.

Dear sir,

My company is a pvt. ltd. company its AGM held on 29.09.2008. But we have not submitted form 23AC & Form 20B in ROC till date for the f.y. 2007-08. Our authorised share capital Rs. 25 Lacs. What would be the penalty for late e-filling in ROC.

Regards,
Lalit

Dear all,

My friend has purchased immovable property in financial year 06-07 in india. He is an NRI. Recently we have recd a notice from OFFICE OF THE ADDL DIRECTOR OF INCOME-TAX(INVESTIGATION) to furnish details of this purchase either personally or through authorised rep within a week. As he was abroad he could not do this. What should we do now. And what the implications for an NRI buying property in INDIA.

What is the procedure of PF calculation?

Hello,

We are a proprietory concern now
turned into partnership firm.

we have a TAN for propriotory firm.
Do we need to cancel the old TAN??

I think, we need to cancel, so what
is the procedure to cancel the same.

Plz let us know..

Thanxs
Bhargav

Sir,
Please reply on this case:
"One company registered in 30-03-1998 for general trading, hire and purchase purpose. It has no activity till date (say 2008). Till date it has not filing even single return. Till Date Company status is “Active”. Now directors want to start activity with this company with changing the memorandum and article of association(For Medicine Manufacturing). What will be it penalty for non filing of Income tax return, ROC return?”

Thanks