Mahesh Chand Gupta
02 May 2013 at 00:30
Assessee filed his return of income for the A.Y. 2007-08 on 14.12.2007 in Saral Form as filing of Return on Saral Form was allowed by Allahabad High Court. Later on, Stay of Allahabad High Court was vacated by Supreme Court and direction was issued to file Income Tax Return by All the Assessees in new Form – 4 upto 28.02.2008. The assessee could not file return again in new Form – 4 upto 28.02.2008. But later on, assessee filed Return in new Form – 4 on 24.03.2009. The assessing officer states that the original return was filed after due date and hence assessee is not entitled to file revised return. That’s why assessing officer is not completing assessment on the return filed on Saral Form on 14.12.2007 stating that it is not a valid return as the assessee didn’t submit return on Form – 4 upto 28.02.2008 and assessing officer is not completing assessment on the return filed on 24.03.2009 stating that the assessee was not entitled to submit revised return as the original return was filed after due date. Please advice.
sood
01 May 2013 at 19:01
My daughter is working in USA for the past one year. and has her Income there. In India, she was a tax payee by virtue of her Interest earnings from loans to her fathers business (TDS is deducted) and dividends from mutual funds, her IT return is being regularly filed in India.
Does she have to declare her income in the USa and how does she go about it. Can anybody help
Thanks in advance
Rajesh
01 May 2013 at 14:03
We are a pvt.ltd company and tax intelligence found that we have not registered as per K vat and they have asked us to pay Rs.6,20,000/- as compounding fee for 2010-11 & 2012-13 and the same we have paid ...and we have got registration also..
Now the sales tax people said that we need to pay the same amount again along with the balance tax whatever .........
We doubt that , whether we need to pay the double amount ------can you just clarify the doubt and help us at the earliest.
We are having receipts of the same ...we are a construction company and selling Villas -- work awarded to a contractor.
Rajesh
Tarun Aggarwal
29 April 2013 at 16:47
I have wrongly deposited my TDS through internet banking ,stating the assessment year 2012-13 which was to be 2013-14 and also stating the nature of payment as 94B INSTEAD of 94A. Kindly suggest me how to get my cyber receipt corrected,so that i can file my return. I am deductor not the assesee.
venish ladva
29 April 2013 at 14:11
what is the meaning of SLC and what is the usage of it ???
how PCFC disbursement procedure happens if company also availing cc from same bank ?
how to find out PCFC rate of interest???
if bank is charging higher interest on cc than mentioned in sanction letter then bank is charging interest at base rate+ fluctuating rate then how to find out that rate ??
ashok thakker
28 April 2013 at 22:51
Sir,
We found from TDS return submitted by our appointed agency that the TDS for rent bill booked on 1-8-12 and 1-9-12 was deposited on 8-10-12,pl let us know the incidence of interest on both bills as to how much interest accrued which we want to pay by 30th of this month,with revised return,pl advise.
regards,
ashok thakker
vwxyz@rediffmail.com
27 April 2013 at 11:02
one of the assesee is providing I.T. services and the entire of them are exempted as export of services. He has availed various input services for the performance of this service. He is also getting rental income chargeable for service tax under 'Renting of immovable properties'on which he is liable to pay service tax.
Now my doubt is whether can he avail the input service credits for paying the dues under renting of immovable properties. I could not find any bar in the cenvat credit rules for availing the credit or for utilising for all services. I request the experts' opinion whether I am in the right path.
Pl educate me.
J. Giridharan
Rudransh
26 April 2013 at 23:35
My father had sold a house property on 5th November, 2012 and the transaction had generated certain capital gain. Subsequently we invested in a commercial project but after that investment we were left with an amount which is still not invested anywhere. NHAI or REC bonds are an option.
My queries are as follows
1. As it is compulsory to purchase these bonds within 6 months from the transaction date, suppose we apply in the month of April and somehow we are not allotted the bonds on 30th April. Still we will be granted exemption u/s 54EC?
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Interest on tds 2012-13
Sir,
Mine is a proprietorship concern,we have found some discrepancies in TDS returns in 1st and 3rd qtr of fy 2012-13.Some interest is due to be paid,we have decided to pay it now till May'2013 from the date of payment of TDS and file revised returns.Agency whom we have entrusted the job of filing TDS returns say it can not be done now till a default is created by Department, why can't we do it voluntarily ? pl advise exact procedure....for correcting this mistake.
Regards,
ashok thakker