One of my friend filled Return by selecting Presumptive Basis of Income and again he wrongly revised the return ITR 4 for which he has received notice us 139 (9) as defective return and he did not reply for the same, subsequently that return status is showing as an Invalid Return.

Can he file revised return again in this case under Presumptive Basis of Income?

Auditor should consider size and nature of uncorrected misstatements when evaluating their effect on financial statements plz explain with example meaning of ' nature of misstatement '

Dear Experts,
We are running security services. For our security guards's dress we have incurred following expenses..1) purchase the cloth....2) paid stiching expenses. However if any security guards leave the job from here he have to return the dress to us... pls clarify in this scenario weather cloth purchased and stiching charges is to be booked as revenue expenses or this dress shall be our assets?

Pls clarify....

Regards
Amit Gupta

Dear Experts,
From 1/1/2017 ESI ceiling limit has been extend from 15000 to 21000,
My query is suppose Mr. X gross salary is 20000 PM and his employer have deducted total 6.5% ESI i.e. 4.75% employer contribution and 1.75% employee contribution. Pls clarify weather this 6.5% contributions shall be added in his income for the chargability of income tax or not?

Thanks & Regards
Mukesh Chahan

How to prepare CFS for a Partnership Firm.As AS-3 Format is applicable for Companies,What is the CFS Format for Normal Firm.

I am having just pan number of an AOP. I want to see there's form 26AS. How could i download form 26AS just with pan number information.

Dear Experts,
Pls clarify as per sec 96 of companies act. 2013 maximum for how many hours An AGM can be hold,

Regds
Rakesh

Dear Sir,

We are a Freight Forwarding/Logistics Company and providing Transportation Services to our Client.

We are not registered under Goods Transportation Services in Services and also not having any commercial vehicle in our Company.

We are hiring GoodsCarriage Vehicles from outside vendors and providing services to our clients.

Please advise us , are we liable to charge service tax on transportation from our clients. If so at what rate.

Warm Regards,

Mohan Saxena

dear experts

i would like to know cenvat credit rules related to work contract service . one of company paid 50 % service tax on work contract service since the company was service receiver from a individual contractor. can company claim input tax credit against their service tax liability the next month

hi I'm a bank employee, we have remitted 20% of tax on fixed deposit of one of the customer bcoz of no pan card for fy 2015-16.in may 2016 he submitted pan card and I did correction return filling for 2 quarter s and updated the pan card..now when I download ed form 16a in traces there is no details of tax remitted..it's showing just RS.2 but the actual tax remitted is RS. 10100/- .I just checked his for 26as also there also it's showing just RS. 2/- what is the issue with this? while doing correction return do I supposed to update deduction details also?where is the remaining tax remitted amount?