Salil Arora
26 July 2013 at 15:06

Audit u/s 44 ab

I have queries related to Audit under section 44 AB and it goes like this:

The assessee is a proprietorship concern engaged in software development and has earned revenue of Rs 34 lacs during F.Y. 2012-13. My Questions are:

1. Whether the activity of software development is a business or profession?

2. Should we also read section 44 AA along with Section 44 AB to determine whether it is business or profession? Section 194 J also talks about specified profession and it includes information technology . But section 44 AB is silent on this.

3.And if it is a profession it is liable to audit for A.Y. 2013-14 As it crosses Rs 25 lac



Anonymous
26 July 2013 at 15:04

Capital gains

sale of land taken place on 21/03/2013, part of sale consideration received in advance in the month of june & july 2012 & remained unutilised till today. Whether the amount received in advance can be utilised for investment in capital gain account scheme before filling of return to save the capital gain arising on the sale of land??



Anonymous
26 July 2013 at 15:01

Invalid server cerificate in chrome

I have been using Google chrome as browser. income tax site is opening but when i click on file Income Tax return, the page is not opening and its showing invalid server certificate.
Can any one help me in knowing this issue n how to fix it.
Please help as i have to file return by 31.7.2013


samscool
26 July 2013 at 14:57

Last date of tds return

Dear Sir/Madam,

Please tell me what was the last date of Filing of TDS Return for the f y 2012-13 q-3

please advise

regards shekhar arya


shobha s

please help me to draft a memorandum of association & aricles of association for a pvt ltd company providing coaching classes.


PRADEEP KUMAR SINGH

Dear sir/madam

i m pradeep..... file income tax return online last few years.....but now my ca has died nd my login id password nd other requirement to change the password also has gone with him.

online income tax return is mandatory for me

plz tell the how can i resolve this problem.........there is any possibility to re-register my pan no. again on income tax website..........................i have worry abt this .......plz help me out


Rakesh
26 July 2013 at 14:47

Cenvat credit

Advance paid by the service receiver to contractor under works contract service. As per ST point of taxation rule(3) Explanation the point of tax here is the date of advance payment. Under reverse charge 50% is tax will be payble by receiver and provider.
a) Weather the receiver can avail and utilise the cenvat credit for this advance payment and set off against input credit taken on another service. Because rule 3(4) Explanation of cenvat credit rules,2004 confusing me.

Please suggest


Sandeep
26 July 2013 at 14:46

Cash payment

Dear Sir,
I am a Transporter and take trucks on hire. I need to pay advance at the time of placement of truck and after safe unloading I pay the balance hire back. The typical freight is about Rs. 45,000/- per truck and we need to pay cash of Rs. 30,000/- as advance and Rs. 15,000/- balance after 10 days.

No as per the IT Rules, this is allowed. But my next question is that the same truck comes to me 50 times in a year. Is there a cap on the total cash payment to a single Pan card holder in one financial year.

Please clarify this doubt.

Sandeep


Ashish Swar

Respected Sir/Madam,

What is the procedure for surrendering VAT & CST number...


shalender
26 July 2013 at 14:44

Double taxation

If Tax is deducted on same income twice in u.k. and india of the salary of a NRI. Can it be claimed in India for refund on basis of double texation or not ? If yes then how ?






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