We have imported raw material under Advance Licence for use in our Exports.
Unfortunately, the export order got cancelled due to business reasons and we are not able to fulfil the export obligation fully. There is balance of material left with which we plan to re-export to the foreign supplier. If we re-export, whether it will be treated as part of fulfilment of Export obligation so that we don't end up paying the differential duty enjoyed on account of import under advance licence.

sir i am 22 yrs old and I am a tution teacher.please tell me which form i have to fill.

when i logged in to fill e return,the names of only 2 forms availiable there.ITR1 AND ITR4S.


please help

Respected Sir,

My client is "ABC Pvt. Ltd." has recently change its method of providing depreciation from WDV to SLM for better Presentation of Financial Statement.

Please,give examples of Notes to Accounts in that regards.

Thanks in Advance....

pl tell me whether cash receipt less than Rs. 50000 in a year is excempt from taxable income and whether this cash receipt can be taken in every year and how does entry made (this is gift nature or capital nature receipt)

What is the status of Director(Indian Person) appointed by Japanese holding company on its Indian Subsidiary, where half of the salary bear by Indian and half by Holding Company? Whether the Payment of Gratuity Act is applicable to him?

Dear Experts,
Will you clear my doubt for filing ITR for Govt. Employee having Salary income 5,80,000/- after taking exemption u/s 10.
means:Gross Salary 6,45,000/-
Exemption u/s 10 65,000/-
Net Salary 5,80,000/-
Pl. clear it.
Thanks in advance.

Dear Sir,

There is Construction company which deals with construction of buildings and sale of the same.The business entity purchased cement, bricks and steel from the supplier. so my question is under which head these purchased items are shown, under the head "Direct Expenses" or under the head "Purchases" in P&L A/C.


Pls rply me

We are the manufacturer of Pure Lead Ingots & Lead Alloys. I have the below mentioned queries :-

1) Can we sale raw material as such i.e.
trading.
2) Can we purchase finished goods & sale the
same as such i.e. trading.

Please advise by giving any case law.

Thanks.

Dear Friends,

I have received a letter from Income tax office regarding "Non Filing of Income Tax Return".

I'm a salaried employee working in an IT company and also started trading in Year 2007. From 2007 to till date I've incurred losses in excess of Rs. 2 Lacs. 2-3 years back I withdraw some money from my trading account. Those transactions are mentioned in the letter received from Income Tax department.

Please help me, how should I file the Income tax return now. Will it be filed online or offline. Moreover how to show the transactions of trading in ITR.

I really need help and feeling depressed. As I'm a salaried person my tax is deducted at source. Now I dont' even have Form16 of previous years. Please suggest me how to file the return now.

Thanks & Regards
Jags

Dear All,

An individual has taken a PF loan for construction of residential building. i want to know whether interest on PF loan is allowed under sec 24b for that particular house which is self occupied.There is no document with him for the loan applied or a sanction letter. The loan amount is directly credited into the salary account. Pay slip gives the details of interested paid during the year. He has ignored the Principal as the 80C benefit exceeds Rs. 1 lac.