We filed income tax return of 28.11.2008 of an individual for whom 44AB audit is applicable. Subsequently it was found that one purchase bill is not accounted for. Therefore we have to file revised return. Now what about the tax audit report

One of My Client is Contractor and providing ONLY TAXABLE SERVICESA. He has having a Cenvat Credit of Rs.250000/- now how he can utilise the same against Service Tax Payble. Please also sugeest how much credit can be utilised in a particular Quarter.
is there a cap of maximum 20 %

IN THE PREVIOUS YEAR CREDITORS WERE TRANSFERED TO LOAN ACCOUNT FURTHER LOANS WAS ALSO RECD DURIG THE YEAR.

WHAT WILL BE THE IMPLICATION OF THE TRANSACTION IN THE ASSESSMENT PURPOSE.

SIR

PLZ SOLVE MY PROBLE

IF A (COMPANY OR FIRM)ARE PAYING AMOUNT FOR TICKET TO A TRAVEL AGENT.IS THIS AMOUNT LAIBLE TO TDS OR NOT.
PLZ GIVE ME SEC.REFERENCE

THANKS

Hello,

I bought a flat in Dec 2005 which was registered in Apr 2006. I got the possession of the flat in Aug 2008.

I want to sell this flat now. From which date the computation of capital gain tax will be done? Would it be from

a) Dec 2005 i.e. the month that I bought the flat in
b) Apr 2006 i.e. the month that I got the flat registered in
c) Aug 2008 i.e. the month that I got the possession of the flat in

Thank you for your replies.

Hi,
I want to know that whether an employer can deduct the Tax at source without considering the Investment Declaration provided by the employee for the Income Tax purpose.
Please also confirm me that if the employer had done the TDS without considering the declaration, any other way is there for employee to get the refund from employer or the IT department other than by filing the returns during the AY.

thanks in advance,

Raghuveera.S.G.

Vat should be charged on sale of fixed Assets, if at the time of purchase of assets we have not taken credit of sales tax.

whether sales of fixed assets levy of tax

Please urgently need information regarding transfer form 109 validity date to join another emploeer.

I have an NRI Client based in London. He has misplaced his original TDS Certificate and hence obtained duplicate TDS from the deductor. My query is:

1) Whether the Indemnity Bond needs only to be signed by the Assessee or does it need to be notarised?

2) If notarisation is required how do we go about it as the Assessee is based in London?

Dear Member

Please tell me that company given interest free loan to a person which is working in a company as an retainership then what is income tax implimentation for both Company and retainer staff

With regard
Rajesh