I am a accountant and provide accounting services to few of my clients.
I have recently (1 month) started these service and has not registerd my firm till now.
My purpose to open bank account to collect payments from clients and not to register the firm or under any act such as service tax untill I come under any laws.
1. Income tax law - Till I am under tax excempt limit, I need not to apply pan else I need to file yearly return.
2. Service Tax law - Till I am under exempt taxable turn over limit, I need not to register for service tax.
3. What I tried is registration of SSI but they asking bribe to register the firm and at this moment of time I could not afford it for this new start-up.
4. Labour law have official Rs. 250 minimum fee + Bribe, if they ask for.
What are other ways and possibly cheapest way to open bank account for collecting amount from client into bank?
sir, i have 2 bills separate from same party one bill is for laboure charges & 2nd bill is for material so i have 2 deducate tds on both bill or only on labour charge bill.
Sir a LIC agent did not filed his return for the assessment year 2011-12, but now he wants to filed his return for that particular year. Please tell me whether it is it possible or not? He actually has more than Rs. 10000 as a claimable amount for that year.
I am a Accountant, in an organisation. i have deducted tds (salary, rent, professional services, advertisement) from 1.4.12 to 15.3.13 total around rs.150000. but not remitted the same to govt. now how can i proceed, what are the penalties i have to pay ? please help me,.
Can a Salaried person who does not have tax liability of other than Short Term Capital Gain of Rs.292/- and long term capital loss of rs. 2435/- from listed shares of stock exchanges can file the return on 31-03-2013 without any penalty on late filing return. Pls. explain in breif. Thanks in advance
I am a business person. We have started a private limited company on Nov 2012 and still now no income generated and there is no bank account opened but we have PAN. Still we are doing office indoor works. We dont have sign board, no commercial power supply ( service applied). Do i need to file income tax
THE ARREARS OF SALARY OF LATE HUSBAND RECEIVED BY HIS WIDOW WIFE AFTER 4 YEAR OF HIS DEATH.
IS SHE WILL SHOW THAT AS A CAPITAL RECEIPT AND REDUCED HER TAX LIABILITY ?
PLZ HELP ME OUT......
I had an FD with a bank for 3 years. On initial deposit the amount was 90,000 and there was no liability of TDS on the same. Now in the 3rd year, the interest amount crossed 10,000 the liability of TDS was attracted. But since the bank did not have my pan no, so the tds was deducted @20% instead of 10. On contacting the bank, i was made aware of all this and the bank even refused to issue any tds certificate to me as my pan was not available..
Is there any way I can claim deduction of this TDS?
Opening a bank account without registration at it, service t