case fixed by I.T.O
This query is : Resolved
21 December 2008
That my client is Proprietor of M/s S.K.Trading Co., Nature of business is Commission Agent.( Kacha Arthia ).
1) That the case of I.Tax was fixed for the A.Y : 2007-2008.
2) That in the ITR-4 ( Return ) the assessee has shown S.Creditor worth Rs : 6054365/-. Actuly that amount was excess amount of farmers.
3)That there is no trading in the books of assessee , so no question arise for s.Creditor. Due to not relevent column the amount shown in S.Creditor column.
Can Assessing Authorty fixed the case of commission agent on the ground of S.Creditor ?
1) That the case of I.Tax was fixed for the A.Y : 2007-2008.
2) That in the ITR-4 ( Return ) the assessee has shown S.Creditor worth Rs : 6054365/-. Actuly that amount was excess amount of farmers.
3)That there is no trading in the books of assessee , so no question arise for s.Creditor. Due to not relevent column the amount shown in S.Creditor column.
Can Assessing Authorty fixed the case of commission agent on the ground of S.Creditor ?
21 December 2008
yes , he can raise such an issue for clarificatoin.
u just need to reply the appropriate answer.
u just need to reply the appropriate answer.
22 December 2008
assessment u/s. 143 (3) can be for any of the reason
08 February 2009
Why can't there be an existence of Sundry Creditors in case of agents?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Condonation . E-Verification of last year return .
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
