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shine   23 March 2014 at 02:59

Missing it return beyond 3 years

Hi,

I am a salaried employee. I have been abroad during the IT assessment year 2009-10, and returned after a year. From then i missed filing the IT return and it got piled up. What can I do now to clear all my dues in filing returns? What is meant by time barred return filing? I am ready to pay any penalty but need to clear my liabilities.

Please help.

Thanks
Shine

Abhijeet   22 March 2014 at 16:39

Vat on residential flats in maharashtra

There is lot of confusion about VAT payments of residential flats which were bought between 2006/2010. My question is about recent modification announced for calculation of VAT on flats during that period.It came in news paper that now there are 3 slabs for payment of VAT which are 100%, 55% and 0% depending on at what stage you bought the flat. My builder is saying that this is applicable for one of the three methods earlier announced in which 5%flat VAT was collected. Is this true or is it applicable across all methods of VAT calculations?
Please advise.
Thanks & Regards,
Abhijeet

purushotham   22 March 2014 at 12:44

Inacome tax payment

dear sir am working railways on 10.3.2014 my personnal branch issued on letter to pay outstanding income tax Rs 9262/- for the year 2013-2014 in precribed IT challan.the TAN of Sr.DFM,BLRS14403E should invariably be quoted in challan along with your pan.
here am in confusion which Form i have to fill 280 or 281 please confirm

Sourav Roy   20 March 2014 at 18:00

Section 44ad is applicable or not

My mother want to submit ITR4 for 2013-14 as a professional trader.So I want to know is audit is mandatory for my mother just because she not able to earn more than 8% of her total turnover(Say turnover 6 lac)even though she is not required under sec 44A.Kindly suggest

Vikas Sharma   19 March 2014 at 22:59

Level of college

Hi,

I have 45% marks in graduation. i know that i will not get good college, so if i will take admission in low level college or any private college then, will it create any problem at a time of practice or have a same value like LLB from best university or college.

AK PUNDIR   19 March 2014 at 16:11

Tds deduction in bhutan, (file attached)

Dear Sir,
Please guide me on the following Point.
M/s ABC Company Pvt. Ltd., situated in India.
Main Work / Business of said company is JobWork (Repair & Maintinance With Material)
Raised Invoice in Following Pattern to XYZ Ltd., Company situated in Bhutan :
BILL
M/s ABC Company Pvt. Ltd.
India
To;
XYZ Ltd, BILL No: 02
Bhutan BILL DT: 02/03/2014

Sr. No. Particulars Quantity Rate Amount
1 Material(uqj) 2 150 300
2 Material (cib) 3 235 705
3 Material (ouc) 1 141 141


Total of Material Sold 1146
Vat @ -- (Nil) due to Material Exported 0
Net Amount of Material Sold 1146

4 Labour Charges 354

Service Tax @ 12.36% on Labour Charges 44

Grant Total : (Net Amount of Bill ) 1544

The Main Question is that M/s XYZ Ltd., Bhutan, deducted TDS (TDS of Income Tax) @ 3% on amount Rs. 1544/- from our Payment /Invoice & Balance paid to us (1544 Less TDS @ 3% =46/- =Total Rs. =1498/- Paid to us). How we can get benifit of this TDS amount towards our Income Tax Liabilities. The Said Company give us TDS Certificate raised under Govt. of Bhutan.
Your co operation will be highly appreciated.
Thanking You.
Your Sincerely,

(Ashok Kumar Pundir)
Cell No : 9897049500
E_Mail : pundirask@rediffmail.com

Kripesh Gope   15 March 2014 at 23:33

Vat registration in maharashtra

For a Private Limited Logistic and Transport company having Head Office at Bangalore and Branch Offices in Maharastra (Thane / Pune)wants to have VAT Registration in Maharashtra.
What documents are required and how many days it will take for the Registration ? What is the expenses (including statutory fees and professional charges)?

kishorkumar d adhia   15 March 2014 at 17:09

Income tax status for pvt gratuity trust

Dear sir/s
Please let me know for applying for new PAN for employees gratuity fund what status should i put i.e. INDIVIDUAL / BOI (BODY OF INDIVIDUALS) / AOP (ASSOCIATION OF PERSONS) / TRUST.

The Trust is created with permission of Commissioner of Income Tax.

As this is not a charitable trust i am confused what status should i put.

PLEASE HELP ME AND OBLIGE.

THANKS
KISHOR D ADHIA

Haresh N R   15 March 2014 at 13:11

Tax implications/benefits on 2nd home

I have a flat in Mumbai which is self-occupied and on home loan.

I am interested in purchasing a 2nd flat outside Mumbai on home loan and also intend to give it on rent.

What are the tax implications/benefits for the same?

Vikas Sharma   13 March 2014 at 22:02

Compression in ca and llb ( taxation)

Hi,

I want to know what is difference in C.A. and LLB(taxation), and which one is batter.