Sundram N
13 June 2013 at 11:27
Dear Senior,
Kindly advice that, from what financial year, transfer pricing compliances is to be applicable under the income tax act.
As i studied the Law of practice of taxation by Mr. Singhania in which written that, the transfer pricing u/s92BA is applicable from assessment year 2013-14 it means finacial year 2012-13
But i studied the act in which i found that section 92BA is applicable from w.e.f 1-04-2013 it is apparent that, fiancial year 2013-14.
kindly clarify from year that transfer pricing is to be applied on domestic company.
Mudit Narang
13 June 2013 at 03:10
I want to know if I start a hardware supply business like computers, electronic items etc and my turn over is not exceeding 500000 lac p.a., can I still apply for a TIN number as company whom I want to supply these items requires a TIN number to be mention in Invoices?.
Please suggest and also the formalities to be fulfill to get a TIN number?
I also wants to register a LLP firm based in Noida for the above said work and to start a Daily Deal based site (E-commerce).
Please let me know if someone can help me in getting all this things done.
pooja dedhia
12 June 2013 at 21:48
on the retirement of partner of my father, we have revalued the land and building and passed the following entry in the books of account as follows.
L&B A\c 4500000
To revaluation account
(being L& B is revalued on account of the valuation at the retirement)
Revaluation a/c dr.
To existing partners;s capital account
to retiring capital account
what is the tax treatment will applicable to retiring and existing partners to
the share in profit on revaluation of partnership firm's assets ?
hafeez
12 June 2013 at 20:26
during the online payment of income tax wrongly selected the assessment 11-12 originally 12-13 assessment year, and submited itr 1 onling, the cpc banglore assessing office not given the credit of tax and rised the tax and completed the assessment U/s 143(1) and send the intimation to pay the demand raised and issued the notice not matched your tax payments. Please < I kindly request you the experts of income tax please give advise to take necessary steps to rectify the errorr, to file before the income tax department, and when it is rectify.
rajeshree h oza
12 June 2013 at 19:50
can get vat registration number on the basis of capital goods purchase 1000000 u/s 21 vat act
YAGNESH HASMUKH DAVE
12 June 2013 at 13:01
PROPRIETORY CONCERN FOR AY 2012/13 UNDER AUDIT U/S 44AB AND FILED TDS RETURN AS PER APPLCABLE NOW FOR AY 2013/14 TURNOVER IS BELOW RS 1 CRORE & NOT REQUIRED AUDITED U/S 44AB THEN DURING THE YEAR UNDER ASSESSMENT TDS DEDUCTION & FILING OF RETURN OF TDS IS APPLICABLE FOR AY 2013/14
shashikant bhardwaj
11 June 2013 at 16:11
what is the difference between larger bench and special bench in taxation Law
shashikant bhardwaj
11 June 2013 at 15:43
what is the larger bench judgement and special bench judgement in law. kindly explain
ashok thakker
11 June 2013 at 10:41
Sir,
We receive payments of warehousing of TEA from principal Auction brokers,in turn they deduct service charges from our bills, for processing our payment on behalf of Garden owners.As we are supposed to deduct TDS on this deductions,we pay TDS in march'2013 for the entire Year and amount of service charges so deducted,and deposit in bank.On receiving challans we ask them for reimbursement of deposited amount which they pay subsequently. This year one of the brokers insists on issuing cheque in my personal name instead of Company's name,as mine is a proprietorship concern. Can i accept this cheque ? and if yes how do i adjust in my company account ? Please advise how to move about in this case. regards,
ashok thakker
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