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Harsimran Singh
19 June 2013 at 21:02

Errors in intimation u/s 143(1)

Hi

Today I checked around 6 intimations u/s 143(1) and found that 2 of them are wrongly calculated. In one of the intimations speculative income is added same as non speculative business income whereas speculative income was only Rs. 300 and raised demand. In another case speculative loss has been added in non speculative income and increasing the real income.
Please guide me how should I proceed. Which is the better way rectification u/s 154 or a simple email stating facts to CPC, Bengaluru.


Regards.


RP
19 June 2013 at 20:52

Exam time

Please give an idea how much time it will take to prepare effectively for final gr2 as I am starting after a long gap and without studies for a long time



Anonymous
19 June 2013 at 20:36

Exams

As I am starting after a very long gap I want to know how much time it will be needed to prepare adequately for final gr 2.Thanks and regards


shweta
19 June 2013 at 20:06

Ca with cs

i just want to know that if a student who is doing CA ( and not any other thing like bcom etc.) can he or she do CS along with it ? if yes then whther it is mandatory to inform CA institute?


AMIT RATHI
19 June 2013 at 19:53

Head of income

MY CLIENT HAS CLOSED HIS MFG. ACTIVITY AND PRODUCTION. NOW THE FACTORY BUILDING HAS BEEN LETOUT AND HE DERIVES INCOME FROM RENT. PLEASE LET ME KNOW WHETHER RENTED INCOME CAN BE DISCLOSED UNDER THE HEAD INCOME FROM BUSINESS AND WHETHER EXPENSES INCURRED FOR MAINTANENCE, ADMINISTRATION AND OFFICE CAN BE CLAIMED AS DEDUCTION.
PLEASE REPLY WITH CASE LAWS.



Anonymous
19 June 2013 at 19:26

Proof of export

WHY PROOF OF EXPORT IS REQUIRED
WHO HAS TO ISSUE IT TO WHOM
WHAT ARE THE CONSEQUENCES FOR NOT GIVING IT
PLEASE GIVE ME CLEAR DETAIS FOR PROOF OF EXPORT

FOR MERCHANG EXPORTING BY MERCHANT EXPORTER FORM ARE-1 IS REQUIRED YES OR NO

IF MANUFACTURER UNDER EXCISE COVERAGE HAS TO FILE FORM ARE-1 FOR EXCISE DUTY FREE ITEM


Ramesh

Dear All,

Can anybody provide me MOA and AOA of a Pvt Ltd company dealing with trading of Optical lenses.

Thanks in advance



Anonymous
19 June 2013 at 18:58

Attestation of it returns

Dear Sir/ Madam,
Now a days the Shriram chits and some other bankers are also asking to get the attestation of the auditor or the consultant on the income tax returns filed.

I would just like to know that weather is there any RBI Rule to be get attested or any other.

To my opinion as the Ack from the ACIT Department can not be attested by the ITO then how can a auditor or a Consultant can attest.

Please give a clarification. Is it really mandatory to get sign. on the ACK


KUNJ DESAI
19 June 2013 at 18:54

Depreciation

If a private limited company is having its business of safe deposit vaults, then in which block of assets "Safe deposit vaults" depreciation would be counted and rate?



Anonymous
19 June 2013 at 18:42

Section 269 ss & t

Dear Sir,

One of our client is partnership firm. Out of all partner 3 partner have retired from firm from 1st of april 2012. There is capital treated as loan.

Now we have made payment during the year.

Weather we have to take same under loan schedule for audit report u/s 269 SS or 269 T ?


Thanking you in advance.






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