dear sir. one of my frend is providing consultancy service. he did not filled his income tax return in assessment year 2012-2013. his annnual income was 600000 in that assessment year. and he wants refund of 50000 in that assessment year. so what is the procedure to file income tax return of ay 12-13 and to claim refund amount.


hope to get any expert advice as early as possible.

thanking you.

A Assessee lease house property for the term of 5 years and receive amount of 800000 as advance it will be return to the tenant at the end of the 5th year. He (Assessee) Not receiving any amount as a monthly rent from tenant . The assessee give the 800000 as loan to the outsider and receiving 9000 as interest for the loan how the income of HP income & Interest income for the purpose incomtax

Dear all,

Point No. 27(a) of New Form 3CD states

'Amount of Central value Added Tax credits availed of or utilized during the previous year and its treatment in the profit and loss account and treatment of outstanding Modified Value Added Tax credits in the accounts.'.

Kindly elaborate what exactly this means.

Thanks in advance.

I have cleared PCC but somehoe i am unable to clear the finals.I am 25yrs old and i feel i should start working. But as i know my own capabilities while working i will not be able to pursue CA final studies. I would however like to resume the same after about 3 -4 years. Do i have such an option or will i have to give the IPCC exam all over again.

My client is software development company. It has a policy of selling used vehicles to its employee. Is the company liable to charge VAT on such sale?
Further Is VAT chargeable by company in case of sale of scrap?

I m providing services like individual packages, hotel reservation, rail ticket, air ticket and vehicle on rent. Will i follow under service provider and what rate is applicable on such services subject to limit of 10,00,000. Pls help me ???

Dear experts

I have completed 17 month of my articleship and further i want to continue my articleship in my native place nepal what shall i do on this regard. I have not received my articleship registration letter and card

Dear All,

I had purchased a laptop for Rs. 40,000/- in April 2012 and I used it for personal purposes. Since May 2013, I started using it for professional purposes.

On what amount can I claim the depreciation @60% for the A.Y. 2014-15.

i.e. on the cost of Rs. 40,000/- which I had paid in FY 2012-13

or should I calculate WDV as on 01/05/2013 by reducing deemed depreciation and claim depreciation on such WDV?

Thanks & Regards

Niki

We are purchasing the D2H Set Top Boxes and then selling the same to ultimate customer.
Whether Vat is applicable on sales of D2H set top box to the customer, then at what rate?

Sir/Madam,
My daughter has completed B.Com. this year. She wants to do CA. Can the experts explain the procedure for registration etc?