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Queries Participated

Neeraj Kumar Giri   05 March 2014 at 23:56

Income tax act, 1961 u/s 44ad

Respected Experts,
Kindly give your opinion upon a case below.
If a Assessee, who is engaged in a trading business of Paints and Sanitary goods and he use to purchase goods from outside State as per WEST BENGAL VALUE ADDED TAX & CENTRAL SALES TAX ACT accordingly.
His turnover is below or near about Rs.45 Lakhs during the A.Y.2013-2014 and his net profit is more than 8%, so no question of Tax Audit arises and while filing his Income Tax Return he claim deduction u/s 80c and u/s 24(b), can he file his Income Tax Return u/s 44AD as his nature of business is resaler.
Is it mandatory that he have to maintain regular books of accounts.
(As ones falls in ambit of section 44AD no Books of Accounts is necessary ?)
Kindly tell me that is it mandatory to provide Books of Account before AO during the time of any Proceedings.

Lalit Kumar   27 February 2014 at 15:44

Want to register the company under companies 1956 act

Greetings All,

I want to register organization under companies 1956 act so will you confirm me the procedure how I can register with mentioned below particulars.

What the expanses will be come
What are the capital is required (current money and land)**
What are the document & affidavit needed
How much time will take to register in Delhi.
From where it will be register Domestic/High Court

Regards
Lalit Kumar

YAGNESH HASMUKH DAVE   21 January 2014 at 19:11

Tds

i have recieved notice form traces for tds of various quater showing me short deduction /collection and short payment in some other quater what is the diferrence between short deduction and short payment i have check it quater wise but could find the amt they mentioned in the notice for short deduction or short payment and in some amt which they show as short payment is already paid how to rectify if their is any mistake in tds and if tds return is correct and their in no mistake then what to do in this matter pl do the needful urgently give brief explanation as i have never before recvd like this notice for tds

sudhindra   21 January 2014 at 11:41

Income tax refund


Dear Experts,
One of my friend submitted income tax return for the year 2012-13 through a charted accountant. Which is 44ab Case and claimed refund of Rs 4lacks. Till today the assessment is not done and he can’t get refund back. What he can supposed to take further steps. Please advice

Bhagyashri   01 January 2014 at 13:12

Online auction site of other country in india.

One of my friend and I have got an opportunity from a relative in Canada to start an online Auction Site in India.

The concept is one will be able to see a Canadian product in an online shop in India and people can bid on it. The highest bidder ( from India) will get the product. The product will be shipped from Canada ( after paying all the taxes applicable ) to the highest bidder.

The question here is, is such business will be leagal business in India.

Can you please advise me on this.
Thanks,
Bhagyashri

Akshay Jain   30 May 2013 at 10:47

Trust formation in uttar pradesh

Hi Members,
I had a query regarding trust formation.

One of my client want to form a charitable trust, he is from Punjab and wants to form trust in Uttar Pradesh. Know the queries are:

1. Is there any separate trust act for Uttar Pradesh.
2. Where is Trust Deed Registered in Uttar Pradesh.
3. Do we have to get a address in Uttar Pradesh
4. Formalities to fulfill to form a trust in Uttar Pradesh.

Please help as soon as possible.

Akshay Jain   02 May 2013 at 18:32

Urgent- service tax query

One of my client has received the Demand notice from Service tax Department. He is not the service provider but service receiver.The case is:

Mr A takes service from Mr B residing abroad for printing the ads of Mr. C in foreign Magazine. Mr A remitted foreign exchange on behalf of Mr. C to Mr. B. Now the service tax department has issued notice to Mr A to pay service tax on import of service from 2008-2010.

Now the query is whether Mr A is liable to pay service tax and whether advertisement given in print media i.e. magazines exempt.

Please reply at the earliest and thanks in advance.

Akshay Jain   04 April 2013 at 22:55

Urgent- up vat form 38

I have some query regarding UP VAT Form 38.
1. Firstly whether CST registration is required to acquire Form 38 from the department
2. If CST registration is required, whether CST registration from UP is required or CST of other state can be done, as we have CST of other state.
3. Our firm is new, can we download Form 38 or we have to personally take it from department.

Hope to get replies soon. Thanks in advance for replies.