Dear experts ,

My sub contractor(Individual) done the work for rs.25,00,000/- for the F.Y.2012-13 , we have deducted TDS@1% from his bill amount and deposited to govt Account .

Kindly suggest us that what is process for him to submit IT Return and what his gross total income / taxable income.


thanks

Can firm income tax return as on 31.03.2012 can be revised before 31.07.2013.

Dear sir,
i am working in a private company which is an authorized service provider of another company. We got reimbursement of transportation, lodging etc. for providing services.Whether these reimbursement include while calculating aggregate value for Service Tax purpose?

Dear all,

I have a doubt regarding filling of income tax return of a person, who is not liable to file.

1. If a person now wants to file previous years (2005-06,2006-07,......) IT returns, even though he need not file, as he was not liable to file.


2. Is there any limit, on number of years he can file delayed IT return now.

pls clarify..

Dear sir,

I had taken LIC policy in the name of my daughter when she was minor. Now my LIC policy has been matured. So I have received a maturity omount of Rs. 1 lakhs. I have received a cheque in the name of my daughter as she is of 19 years.

My question is that whether above amount will be taxable in my hand or not..? What will be accounting treatment in my books of account..? can I credit capital account by debiting bank account for receipt of maturity amount..?

Are all NBFC Companies are required to obtain licence from RBI. What r the criteria for that.

Please reply

One of my client built 165 flats having carpet area less than 65 Sq.Meters. My question is whether service tax is applicable or not ?

Please reply at an earliest

MAYUR DAVE

Dear Sir,

Please clarify Laying of Road inside the premise of our factory is coming under which head?

The contractor is laying and repairing road.Pls clarify the doubts under two situations.
Sit:1 Material supplied by company and work done by contractor- clasification of service?

Sit:2 work done by contractor with material


pls clarify

regards
karthik

we have surrender service tax no online as well as hard copy to service tax department.

as from service tax department didnt approve our request yet. still i can log in on service tax website.

so should i still need to file return to current quarter?

Dear Expert,

I have some confusion that i have a VAT tin no. but i have not use it since long so i want to surrender it to Gujarat government. but i have no idea about the procedure of Surrender the TIN number. Please give me guidance for the same & i deposited there my amt of Rs. 25,000 when i got the TIN number, how much time will take to releasing this amt by Gujarat sales tax department. I got this number from Baroda/ Vadodara sales tax division. Please revert me ASAP. Thank you very much in advance.