iti
24 December 2012 at 19:55
In our case under sec 148 Income tax Act,AO has sent by post both Assessment order as well as penalty showcause u/s 271,274 ITAct to us.Now the penalty showcause shows a forthcoming date as opportunity of hearing against penalty levied.How can the assessment order be final then?
Has the AO erred by not giving penalty showcause and hearing before making final assessment order?
vinaykala
24 December 2012 at 10:25
dear sir,
i filed a rectoification of mistake application apparent from records under sec 154 on May 26, 2012.
the application for redtification was received aat theeir dept on 26 May 20120.
i learn from the ready reckoner that under section 154(8) the ito shall make the amendment or refuse to allow the amendment within a period of six months frrom the end of the month the app is recd.
six months ended on nov 30,2012.
at the same time the it act allows the i t authorities also empower the ito to dispose it off even after four years under sec 154(7) .
my queries is :
1. after the expiry to six months from the end of the month since the application is made, can the i. tax officer still deny the claim?.
2. if so what is the best course of option for me
vinay kala,
dec 24,12
A.A.Abdullah
23 December 2012 at 22:33
Dear Sir,
I am working in pvt co. i have a problem in Sales Tax issues.
Suppose M ltd from Delhi send cloth to S ltd for jobwork purpose in UP.
S ltd manufactured jackets and send back goods within 180 days to M ltd in Delhi.
i need to know about Form 38 & form F uses in this process.........i want to also know, how to filled VAT return againts department...........
dharmendrajoshi
23 December 2012 at 21:17
orissa vat act 2004 what type of taximpact u/s 12(5) purchase tax of orissa vat act in a manufacturing dal unit in bye product husk tax liabilities propratnate ratioo of pulses.
SAMIR SHAH
22 December 2012 at 16:18
i am transferring a plot of land to a trust as gift. is capital gain tax applicable with special reference to section 50C. AND WILL STAMP DUTY ON TRANSFER OF LAND ALSO APPLICABLE.
Sudheer J. Sarvate
20 December 2012 at 19:46
Sir,
The share certificate prepared on computer in word or excel format for a private ltd company is acceptable as per company law. And also inform are there in other requirements for share certificate. Kindly guide. Regards.
patel m. faruk yusuf
19 December 2012 at 11:33
sir, kindly solve my query. my client have brokerage income whether it should disclose under business income under head 44ad or other sources income?
patel m. faruk yusuf
19 December 2012 at 08:06
good morning to all respected sir,whether section 44AD is applicable to person who is broker and has brokerage income?
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Huf creation
when we creat huf pan card.
Yes
HUF can Have Pan Card.