WHETHER VAT CREDIT ON PLANT PURCHASE IS ELIGIBLE IF MANUFACTURER ALSO DO JOB WORK ?

Dear Sir/madam,
I have income from salary Rs 3.20 lac and income from interest for Rs 25,000/- for F.Y 2012-13. I have made total investment under sec 80C for Rs 1 lac. For Rs. 25000/- income from interest TDS has been deducted in parts for Rs 800 in Dec 12 and for Rs 1700 on 31st March. While submitting the ITR 1 by mistake I have mentioned income of Only 7800. Now I have to rectify the same and submit correct ITR 1 with actual income details ie income from salary for Rs 3.20 lac and income from interest for Rs 25000/-. My query is that I have to submit the new ITR for Rs 17000 only or I have to include total income Ie. Income from salary and income from interest also. Kindly advice as I have not received any rectification mail from Income tax for the same.

Thanks & Regards,

Kaustubha

If in current year tax liabilty is as below:


Tax as per normal rate - 1 Crore

Tax as per MAT - 5 Crore

Hence, i will be paying tax as per MAT i.e. Rs. 5 Crore.

How much credit of MAT i can avail in future? Is it Rs. 4 Crore or Rs. 5 Crore?

We have imported raw material under Advance Licence for use in our Exports.
Unfortunately, the export order got cancelled due to business reasons and we are not able to fulfil the export obligation fully. There is balance of material left with which we plan to re-export to the foreign supplier. If we re-export, whether it will be treated as part of fulfilment of Export obligation so that we don't end up paying the differential duty enjoyed on account of import under advance licence.

sir i am 22 yrs old and I am a tution teacher.please tell me which form i have to fill.

when i logged in to fill e return,the names of only 2 forms availiable there.ITR1 AND ITR4S.


please help

Respected Sir,

My client is "ABC Pvt. Ltd." has recently change its method of providing depreciation from WDV to SLM for better Presentation of Financial Statement.

Please,give examples of Notes to Accounts in that regards.

Thanks in Advance....

pl tell me whether cash receipt less than Rs. 50000 in a year is excempt from taxable income and whether this cash receipt can be taken in every year and how does entry made (this is gift nature or capital nature receipt)

What is the status of Director(Indian Person) appointed by Japanese holding company on its Indian Subsidiary, where half of the salary bear by Indian and half by Holding Company? Whether the Payment of Gratuity Act is applicable to him?

Dear Experts,
Will you clear my doubt for filing ITR for Govt. Employee having Salary income 5,80,000/- after taking exemption u/s 10.
means:Gross Salary 6,45,000/-
Exemption u/s 10 65,000/-
Net Salary 5,80,000/-
Pl. clear it.
Thanks in advance.

Dear Sir,

There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.


Pls rply me