My client is a practising company secretary. His case was taken up for scrutiny for the asst year:2007-08. The asst order u/s 143(1) shows an addition of income of Rs.19 lacs. n checking the tax calculation sheet it was seen that there has been a typing error in the return of income. The salaries sub section in the e-return shows particulars of salary of another client. The same is a pure typographical error. Infact nowhere in the P & L a/c or the computation has this income been shown.

Can this be sorted out by way of an application u/s 154. If so what evidence should be attached to prove that this income is not of this particular assessee? Please advise

A shareholder of a pvt.ltd co. wants to transfer its shares. The size of the co. is very small having authorised and paid up capital of Rs. 100000 only. Can anybody plz tell me the exact procedure to be followed for the transfer.
Further, what about the stamp duty. what are the circumtances when stamp duty is to be paid for transfer of shares.
Please ans
thanks

Can any body tell the meaning and purpose of the turnover tax.

And such other information like turnover limit to levy tot and %centage of tax and exemptions/applicability of tot

just give me outline to get an idea
thankq

We are one of the participator in India ITME 2008.

We are coming under central excise and remitting excise duty.

We understand for the consignment that we send to ITME for participation we can get the duty back on production of that certificate.

Pl inform while despatching, on what name the bill has to be raised with duty amount.

Dear all,
Can any body send sixth Schedule of the KVAT Act 2003, list of works contract or otherwise tell me the website where can i down load the same.

Sreenivas.S.R.

what are the points to be considered while preparing a project report of a trading concern.



please send a proforma project report of a trading concern to


psrinivas1 @ in.com

For instance "A" is working in software company. He is sent on depution to US where he receives his salary there & say a porion here. Salary portion received in India is taxable as per the IT Act but how is the US income treated & taxed in India assuming that tax is paid in US for the income earned in US.

what are the points to be considered while preparing a project report of a manufacturing concern.



please send a proforma project report of a project report to



psrinivas1 @ in.com

what is the procedure to be followed in the audit of an Enterprise involved in Film Production?

Send your suggestions to

psrinivas1 @ in.com

please provide practical steps in audit of a bank with respect to

1.Statutory Audit

2. Concurrent Audit

3. Internal Audit

Please send your suggestions to

psrinivas1 @ in.com