Hi,

I am an Consulting Engineer, Indian Resident.For my consultation, I received around Rs29Lakhs in the Fiscal year 2012-13( ending 31st March 2013).As I did not stay there for 180 days continuous, I am not a non-resident. This remittance is from Tanzania, and the With holding Tax of 18% is deducted at that end and I have an Indian income of Rs 4-5 Lakhs.No other unaccounted money.

My wife is a house wife, she files returns every year.

My tax consultant (CA) says I have to pay around Rs6 Lakhs as IT this year.

If I work as a consultant, I am told that I am eligible for some tax relief.

Can any one advise me, if eligible, I would like to take relief of that.

Appreciate an honest advise.

Warm Regards

i have already passed my cs executive exam , i eligible for ipcc but i have questioned ,
when i will start article training? . after passing of ipcc 1 group or after completion of IT and orientation program. i can direct give ipcc 1st group or not. please give reply immediately.

Can a person other than director subscribe first shares of company,,,?? Eg- can an investor subscribe for same,,,??

Dear Sir

I have exported laboratory plasticware in last year 3 times and forgot to file the prrof of export. What are the implications for filing the same now.

Also while filling the BRC form I have come across two problems.

1. The amount credited by bank in my account is less than then amount deposited by my customer in foreign currency.
Please advise how to show this cut by bank in the BRC and also which conversion rate have to be used in which column. As i have two rates, on the FIRC and second on the exchage control copy.

Please advise the same as soon as possible.

Akhil

Dear Sir/Madam,

I Given (Not Taken)Lona In Cash With Rs.20000 To Other Person.
This Transaction Is Valid As Per Sec.269s Or Any Other Liablity Arise?

In Other case I Given Loan TO My Employee In Cash. Than What Sec. Apply?

Dear Sir,
There is a partnership firm and its name in pan card is "KISHAN ENTERPRISES" wherein "H" letter is extra in the word "Kishan due to typing mistake in partnership deed.
Now what is process to remove "H" letter.
Whether I have to draft a revise partnership deed
or any other way to sort out problem.

Dear Sir,
If deductee is a pvt. ltd., tds should be deducted at 2% or at 10% u/s 194c?

Is audit required under Sec 44AB or any other Section of IT Act to carry forward f&o Loss if turnover is less than Rs 1 crore ????

Hi,
I know that if there is salary and professional income i need to fill ITR4
Please clarify me the below
1. In which column in the schedule BP, do i have to show the income earned as a professional, for which TDS deducted under 194J.

2.Can i claim any expenses (travelling+telephone) incurred, for the income earned as a professional, if so under which column

Dear Experts,

Plz advice.

A composite dealer under Karnataka Vat has made URD Purchase of Bricks. But during that month he has not received any sales consideration.

Whether he has to pay tax on URD Purchases during that month or he has to file nil return.

Plz advice.