Mehul B. Maniar
04 June 2013 at 10:10

Pan card application

Hello,

I have doubt regarding PAN Application Form. My Doubt are as follow:-

1) What is the procedure for physical application form ?

2) At which addressee i have to submit application form ?
3) How much time takes to receive PAN Card?

Regards,
Mehul B. Maniar



Anonymous
04 June 2013 at 09:28

Deduction against home loan

Dear Sirs,
I purchased a residential flat in year 2010 under construction linked plan and also availed bank home loan for that. Possession has yet not been given to me as construction is still going on. My question is ,am I entitled to deduction of the principal amt. and interest amt. at the construction stage or after the possession is handed over/flat is registered in my name and what will be the exact quantum of deduction under each head.
Kindly respond soon.
Thanks


Ravi Prasad
04 June 2013 at 09:15

Tax on gifts

Hi,
Please give full clarity on the following,
An individual receiving gift(Money,50000<) from her daughter in law(Not being son's wife, but spouse sister's daughter)
Whether the above money is taxable, if yes on what scenarios the same can be exempt from tax ?

Thanks



Anonymous

Construction of Laboratory including electrical fittings is done on the rented premises and then the premises was handed back to the landlord with all the modifications, please suggest the accounting treatment.



Anonymous
04 June 2013 at 01:07

Articleship

hi guys, i m cleared ipcc first group in nov.2012 with 200 marks . And i want to articleship in delhi in good firm , can u think any good firm oppint me as an article with this score. And tell me some firms for articleship in delhi.



Anonymous
04 June 2013 at 00:59

Fixed deposite and tds treatment

can anyone explain fixed deposite and tds with an example .....
my simple ex. suppose i start my b'ness with 100000 cash my entry will be
cash a/c dr 100000
to capital 100000

now suppose i invested rs.50000 in fdr having ROI @ 12% on 1/7/2012
fdr a/c dr 50000
to cash 50000

now come the question of accured interest of 9 month and its treatment

if i dr accured interest than what should i cr...







Anonymous
04 June 2013 at 00:40

Employer pf contribution limite

Can Employer contribute more than 12% amount(6500*12%=780)in PF.
example.
Employee.basic salry is.10000 and his PF contrubution is 10000*12=1200 and employer also contribute same amount.i'e 10000*12%=1200..
wheather this practice is correct if yes.than what will be effect as per income tax.all amount is allowed as per IT act.


Avinash mishra
04 June 2013 at 00:39

Applicability of service tax

is service tax applicable on SLOT RENT service, if yes what is the rate of service tax levied.
is there any exemption limit????? explain!!


KR
04 June 2013 at 00:19

Notice under section 139(9)

I've received a notice under section 139(9) stating my return is defective. I'd filed ITR 4 for AY 2012-13 since I had F&O trading losses. Here are the issues identified in the notice:

Sl.No - Error Code - Description:

1 - Code 23 - Where Assesse furnish total of amount deducted in Sl.no. 2,3,4 and 5 of Schedule BP should be consistent with Total credits in the P and L Sl no.5 Since ITR4 filed was for "No Account case" in Part A - P&L, nothing was entered in Sl. no. 5 of P&L, how can I correct this issue since the notice says that Sl. no. 2,3,4 and 5 of schedule BP must match with SL. no. 5 of P&L?

2 - 32 - Assessee has claimed loss under the head “Profits and gains of Business or Profession”; however, he has not filled Balance Sheet and Profit and Loss Account and has not got the books of account audited As mentioned above, this was purely filed for F&O loss under "No account case", so no there was no audit done. How can I address this?

3 - 14 - Assessee is entering negative amount is gross profit or net profit without giving details in Part B of P and L. In Sl. No. 51b and 51d. - "Assessee is required to furnish all the details in the Part B of Part A - P and L in the new xml which will be filed in response to this communication." There's no part B for P and L section. where to furnish these details?

It seems that lot of people who've filed ITR4 and declared losses seems to have received this notice. can some one please help if they are able to resolve these issues above?


Dr G. S.Darbari
03 June 2013 at 23:55

Form63 assam

we carried out some installation of lighting equipments work at Doordarshan TV studios. Now owork is over and we want to send back the tools and tackles back to our works at Allahabad. The Fed Ex courier inform that they need form 63 to pick up the material which is all old used tools ladders etc which are not for sale or transfer are being brought back to us at Allahabad for future use at our end. We have provided our site engineer the form 38 required for entry of such goods in UP and donot know how to get over this problem of form 63 when material is to be defenitely pickedup tomorrow because the site is closed and men have reservations for travel back.We believe since all the mnaterial is old and used and not for sale no tax liability exists any where and no form should be required in Assam. Please clarify urgently
Thanks GSDARBARI .






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