Anonymous
04 October 2010 at 19:01
I have received copy of show cause notices for default u/s 201(1)/206C(7) for late payment of TDS/TCS. In some cases differential TDS amt. along with interest thereon has been paid. After suitable reply and clarification those show cases have been withdrawn and copy of order withdrawing show cause passed by ITO has been served on us with one additional line--"PENALTY PROCEEDING U/s 221(1) OF THE I T ACT IS BEING INITIATED SEPARATELY".
Accordingly, ITO has further initiated a show cause for imposition of penalty u/s 221(1) & asked us to represent ourselves with a suitable reply failing which he may impose penalty.
I want to put forth my reply to the ITO. Can any one pls send me a suitable draft reply against this show cause notice at the earliest as I have already delayed our response. It may be noted in few cases on detecting deduction and payment of TDS at lower rate we have paid the differential amt. with int. on delayed payment.
Anonymous
04 October 2010 at 18:03
Hello all respected sirs,madams...
I want 2 file e filling of ITR-4 of non audited individual person for AY 2010-11 can it valid..
Can i e filing ITR 1,2,3 in all concern assessee is vaild or some critaria is there ?
sanjay
04 October 2010 at 17:30
we a partnership firm based in pune mahashtra
being the consignment sales agent for one of leading paper mills of india for the last 10 years
now a case has been registered by the sales tax and excise department against the firm demanding a large amount as service tax payable and penalty on the above for the services being rendered to the mills
the process which is followed is
1 goods are dispatched by the mills to the pune region
2 goods are sold on behalf of the mills
3 a monthly report is send to the mills
4 a predetermined commision is forwarded by the mills to our account
my question is
are we laible to pay service tax
N.B.Lal
04 October 2010 at 15:17
i had bought a flat for rs. 85000 in the year1994.Now i am selling it in Rs. 22,00,000.
What will be my capital gains liability if i use Rs. 12,00,000 in repaying housing construction loan taken in the year 2008.
what are the avenues open to me for getting IT exemptions.
N.B.Lal
U.S. CITIZEN RENDERING PROFESSIONAL SERVICES IN INDIA FOR AN INDIAN COMPANY. HIS MONTHLY PROFESSIONAL CONSULTANCY FEE IS 4000 U.S. DOLLARS PER MONTH. HIS STAY IN INDIA UPTO MARCH 2011 IS MORE THAN 181 DAYS. HIS FEE IS PAID IN USD. HE IS ALSO HAVING PAN NUMBER IN INDIA. KINDLY ADVISE ME 1) WHETHER TDS TO BE DEDUCTED ON THE FEE? 2) IF SO HOW MUCH TO BE DEDUCTED? 3)HOW HIS STATUS WILL BE TREATED IN INDIA? 4) WHETHER PROVISION OF DTAA ATTRACTED?
CAn any one throw light on Private family Trusts? How are they treated under the IT act.
Can a family trust be formed for the benifit of unborn grandchildren
Anonymous
01 October 2010 at 17:01
dear sir,
i recently taken bank loan, in march Rs.20lks, we are already submitting IT RETURNS from past 2yrs.
so hw much of tax deduction can v hv to pay??
Anonymous
30 September 2010 at 19:59
Please reply with necessary notification or circular taxability(Tax Rate) of pre used commercial vehicle under West Bengal value Added Tax Act
hussain
30 September 2010 at 10:52
how to calculate interset if on profit no advance tax deposited.
Thanking You
Hussain
Service Tax
Can anyone tell me what are the documents required for getting service tax number in case of private limited company dealing in tour, travel and forex?