Anonymous
13 August 2014 at 17:18

Income tax rectification request

Sir,

I have submitted online ITR for AY 2012-13 but due to mistake I have mentioned wrong TAN No. and due to that my TDS mismatched and Income tax department have raised me a notification under section 143(1).
I have also submitted rectification request under section 154 by correcting TAN No. but almost 3 month is over and no response from Income Tax Department.

Please also note that due to that my refund for AY 2013-14 pending.

Please advice what to do at this stage.


Megha Singh
13 August 2014 at 17:11

Capital gains

What if income from LTCG which is charged at a tax rate under the normal slab in the previous year( A.Y. 2013-14, F.Y. 2012-13) , can it be rectified and charged @ 20% in the current year, A.Y.(2014-15, F.Y.2013-14)?


Ravinder yadav

Dear sir ,I had sell my agriculture land worth Rs-3 crore to pvt builder in the F.Y 2012-13.My first question is that the income from above capital gain is taxable or not 2.And my income from other sources (interest) is 25 lacs in which 2.5 lac amounting TDS is deducted by bank. And I also paid income tax on above income as per computation in A.Y 2013-14-15. I do not find any good investment so after the expiry of 3 years of capital gain.I kept money in my account. I want that is there is any condition that amount of capital gain should be invested within 3 years or not.And if I am satisfy with my interest income and do not invest money anywhere and paid income tax properly. So can I kept these amount of capital gain for long time.Also tell me the calculation of advance tax.Please provides me suggestions .



Anonymous
13 August 2014 at 16:59

Works contract service

Does partial reverse charge apply on composition scheme?

eg. If service tax on works contract is applicable at the rate of 4.94%, then are service provider and service receiver liable to pay 50% i e 2.47% or service provider need to pay 4.94%?



Anonymous
13 August 2014 at 16:53

Discounting of export document

we are working in an export house , can we discount our export document by the foreign bank at out side India having no recource on us as foreign banker's discount BILLS @ libor rate is this allowed by the income tax act as well as in FERA


Prashant
13 August 2014 at 16:51

Tan application

There are 3 schools want to apply for TAN
(all three schools run by one Education Trust)
Trust have PAN but schools don't have PAN bcoz it's run by the Trust

School people wants TAN in name of School,

can they apply for TAN in name of school without PAN ?

If yes, is their any issue will creating at the time of TDS return filling without PAN ?


narayan maheswari

how can i prepare for cs elective paper


Madhur
13 August 2014 at 16:40

Exemption of subsequent sale under vat

Respected experts,

I would like to know that:-

Can a subsequent sale by the trader(registered dealer) be exempt after the goods have been sold by the manufacturer manufacturing taxable goods within the state under VAT law or the goods once taxable initially from the manufacturing continue to be taxable within the purview of VAT law..?



Anonymous
13 August 2014 at 16:39

Closing stock valuation

sir ,

Am usign tally software.

this month
we have opening stock+purchase+ direct exp and there is no sales. But management is eating my brain that the OS+Pur is not equal to CS. Pls help me to give them a good explenation.



Anonymous
13 August 2014 at 16:36

Notice demand u/s 243 a, b ,c

I am a salaried employee. my income tax is deducted at source every month. i had filed my IT return of year 2012-13 with some DELAY. for which i have been sent notice of demand u/s 243 A. Also demand has been made u/s 243 B and C for delayed Advance tax and its deferment.

My 26 AS shows Provisional (P) booking of tax in 2013 and 2014 which is not my mistake.
Am i liable to pay the demand.






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