Sir
I am working in PSU and received form 16 as under Gross Salary Rs 1012500/- Exemption u/s 10 nil , P Tax 2000/- Net Salary Rs 1010500/-
we have received Transport allowance and special allowance and get exemption of u/s 10 for Rs 800/-pm for transport allowance and Rs 1050/- special allowance and same was already adjusted in gross salary (i.e employer has directly deducted exemption in gross salary and did not show separate exemption under sec-10)

please guide me which ITR form will be applicable for me ITR-1 or 2

Thanks in advance

Sir, I am SIva from Tamilnadu running a small medicine retail shop. I am registered dealer under TNVAT Act. Today i have received a notice from CTO(Assessing officer) regarding reversal of ITC for the period Jan07 to Mar07 and April 07 to Mar 08 (two years).
Due to delay in filling the returns Form I for both the F-Y (06-07 and 07-08) on 05.06.2008. Also they stated the ITC claimed during the two financial year respectively Rs.21337 (06-07) and Rs.118325 (07-08) has been reversed for non filling of returns on due date (within 90 days or within financial year ending) as per TNVAT Act. If there is any objection on this proposal of reversing this ITC should file thier objection on or before 31st of this month.
Kindly suggest me face the problem and help me sir...

Note: Reason for non filling of returns is lack of knowledge in filing the returns at the initial stages while implementing VAT. Also they have collected C Fees Rs.500 each year for the delay filing while filling the returns on 05.06.2008..

Dear Experts,

Please advise whether a Internal Auditor of parent co. become Statutory Auditor of the Subsidiary Company ?

Please advise.

Regards,

Vijay Jain

hii,
i receivd work to file return of Electrician.plzz help me in tht which itr to fill and all.

we are in manufacturing business. have imported a machine on which we have paid custom duty. can u please tell us whether we can avail this as cenvat credit for service tax

Can somebody inform me about latest amendment in service Tax??

Dear Sir

Can you please explain:

We suppose (A)Hyderabad are purchasing material from a trader B (in Hyderabad) i.e.local purchase. He is purchasing material from C outside State dealer. Now B is informing A that he will make a sale in transit from C. Now B is asking C From from A. Kindly inform who will give C Form to whom and other sales tax forms.

REgads

Whether Furniture and Fixture(A.C, Computers, Electronic Equipment, Fridge, Two Wheeler) of the Partnership Firm is Taxable in the Hands of the Partners under the wealth Tax Or Is It not Taxable As it is not covered under the assets defined u/s 2ea of the Wealth Tax.

Dear Sir/Madam,
Kindly let me know whether section 35D is applicable to a partnership firm? In the books i read that "It is applicable to an Indian company or any other assessee resident in India". so as per the above lines, it should be applicable to a firm, but few of my friends are suggesting that it will not apply to a firm. Kindly confirm.

Thanks in advance.

Dear sir
Please provide some important formulas for solving the problems of portfolio management. e.g : how to calculate coefficient of beta like this...