I have recieved a notice u/d 142(1) & the income tax officer has asked me for a reconciliation of Income as per P&L & 26 AS. However my 26 AS shows some rent income of about Rs 15.5 lacs from a party & the TDS for the same is deducted but there is no such income which my company has earned. Kindly reply asap as to what needs to be done.

Dear sir,
I am PE II student and enrolled in 2001. I was given 3 attempts but the attempts was not cleared and due to my some family problems I was drop the course but I want to continued this course for my future career.
Can I continue this course?
if yes please suggest me what I do.

thanking you

As per fema act how many US Dollars can be sent by father to his son Studying in USA for education and maintenance purpose.

I car got an accidnet of my car.
I got it repaired from the authorised garage.
Total bill amount was Rs. 4.67 lakh out of that 2.53 lakh was paid by insurance company and balance 2.14 lakh was paid by our company, as car is in the company name.
Pl clarify anyone If there is any liability of TDS or WCT on the company. And for which amount. Repiar bill include both labour charges rs. 0.41 (including Service Tax) lakh and cost of the parts rs. 4.26.

I have incurred expenses for my new showroom and as the work is completed I am going to capitalised that expenses so now while paying service tax, can I take service tax set off??? As I am paying TDS on the above expense

DEAR SIR,
I AM FILLING INCOMETAX RETURN BEFORE TAX PAYMENT FOR A.Y. 2013-14. THE TAX AMOUNT IS ONLY RS. 106/- WHICH IS PAID AFTER E-RETURN FILLING. NOW WHAT IS STATUS OF MY RETURN. IS IT DEFECTIVE OR ACTIVE ? PLEASE TELL ME IN THE REGARDING MATTER, WHAT CAN I DO IF IT IS DEFECTIVE.

A Foreign Company sold Shares in an Indian Company to another Foreign Company. (Both foreign companies do not have PE in India). The following are my queries:
1. Whether the transaction is subject to Capital Gains Tax in India?
2. If so, what is the rate of Tax on such Capital Gains. (Assume it as Long Term.)
3. Whether the buyer foreign company should deduct tax from the seller as per Sec.195 (TDS applicability)?
4. If so, whether it should apply TAN? (It has no PE in India and hence no address in India). How to comply with Sec.195 in such case?
Thanks in advance.

If payment is made to Service Provider on account, then what is the point of taxation?

In December my service tax liability amount Rs.95974/- (i.e. 93178+1864+932) but by mistake the higer cess amount is entered excess by Rs.95042/- and total payment deducted from bank of Rs.191016/- (i.e.93178+1864+95974). My Query is what is the treatment of excess payment of tax in service tax return. Can i adjust this excess amount in my next month of service tax liability.

Dear Sir,
Can you help me to know Service Tax applicable on Nursing Home. If yes what is the percentage. Also help me to know the liability with effect from.

Thanking you