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Anonymous   29 January 2011 at 09:37

filing return of income

my uncle was not file his income tax return for AY 2009-10(PY 2008-09)but he had no taxes due.so how he would be penelised and is there any klast date to file his belated return.what are the consequences.please clarify me.

man   28 January 2011 at 22:18

To Know Process Of Income tax

If i have submitted all the proofs including LIC, Mutual fund for the imcome tax, how they have cross check in income tax department?, they have cross check using my policy number

Anonymous   28 January 2011 at 20:05

E1 Sales / purchase

In E1 Sales

1. Should the first invoice (i.e)invoice of the original seller must contain a word as E1 Sale anywhere? Whether the delivery address in this invoice must be first buyers address or the subsequent buyer address?

2. Can the first buyer raise invoice to his subsequent buyer with his profit or the value should be the same as original invoice?

s jain   27 January 2011 at 23:28

Sales Tax F Form

Query against Form F
If A Company Deals in Two Item
· Cement 13.5%
· Spices 4%
If the company buys cement locally and sell locally & the company Import Spices and sell the goods against F Form
And if we cal culcuated reverse tax calculation
What should we do and how please do write your comments
As cement has input tax but spices have no input tax how can we do this?
As in spices I m sending against f form but no input tax is avail over……
Reverse tax rule 23 by 4 west bengal sales tax
ncbc@in.com

mathew vashum   27 January 2011 at 19:52

section 143(1)

I have paid all due i-tax by TDS for 2009-10 and filed my return at my ITO in 7/09.Now suddently i got this intimation under 143(1) for payment showing a lesser prepaid tax than showen in my M.16.Morever a education cess along with int.under u/s234A/B/C for an amount far exceeding my initial TDS.Now what are my options as all my Tax payments are book adjustment being under Rly.Should i seek harrasment by the IT official as the amount due is no justification from any official working in IT.

Anonymous   27 January 2011 at 15:02

Earning

Hello Sir,
I m law graduate and doing practine in Taxation manly in Direct Tax. Is there is any way to Earn money In this field by online or by mobil calls. or some other souce adopted from home. Plz help Me....

Ram Prakash Gautam   27 January 2011 at 11:34

u/s 80ddb

Dear Sir,

Plz. help me .....

An assesse wants deduction u/s 80DDB of f/y 2009-2010 in F/Y 2010-2011(A/y 2011-12) .....
Bcz. he dont take deduction in a/y 2010-2011

Can he claim this .. plz guide me

Thanx & Regards
Ram Prakash Gautam

Chandrasekhar   26 January 2011 at 21:57

CIT's power to levy concealment penalty u/s.271(1)(c) of the I.T.Act

Whether the CIT can initiate and levy penalty u/s.271(1)(c) of the Act at the time of concluding the revisionary proceedings u/s.263 of the Act. Whether such action is valid or it is only the assessing officer should levy such penalty? What is the implication of the judgement of the Reliance Petro Products decision of the Supreme Court in this regard?

Anonymous   26 January 2011 at 21:53

Deletion of objects from Trust deed, whether permissible?

If any religious and objectionable objects are deleted by the assessee trust, whether it can be allowed to do so, despite disapproval of the CIT. I understand that even the CIT is not empowered to approve for the deletion of objects of the trust deed. It is only the Civil Court which can entertain such claim under section 92 of C.P.C. Whether 'deletion' of objects would partake the character of 'alteration'? What is the implication of Shakthi Charities decision and Jagadamba Charities decision in such a situation? Whether the assessee can claim for fresh recognition of 80G of the I.T.Act after deletion of objectinable clauses on its own? Please throw some light.

Anonymous   25 January 2011 at 18:14

CENVAT & VAT

What is CENVAT and how does it differs from VAT