sir, i have made fixed deposit say 2 lakhs in the name of minor chiild two years back. The deposit matured. Now I want to renew the said deposit. But the bank has held up the renewal of said deposit and the bank is asking separate pan card for minor child. My query is why separate pan card of minor child is required for renewal of deposit. Under which section of I.T. ACT I have to submit separate pan card of minor since i am not taking the redemption of deposit from bank. I have already submitted my pan number and 15-G to the bank. kindly clarify whether the bank is correct. I think at the time of redemption of deposit the bank may ask separate pan of minor. but for renewal of deposit why separate pan is required and under which section.

Dear Experts,

We had done a contract of fire fighting instalation for our building for more than 1 Crore in 2011. and made running payments to contractor around 90 lacs upto 31/3/13. He issued invoice of Rs.56 Lac in March 12. Now he want to do balance invoice. My questions are:

1. Wheterh reverse charge will be applicable on old contracts i,e contracts prior to July 2012.

2.Whether we need to pay service tax on all balance payments under reverse charge.

3.Can the contractor issue separate invoices for material and services..

4. If yes in point 3 what about our service tax liability under reverse charge.

Thanks a lot in advance to all experts

Dear Experts,
Whether tds shall be made on the membership fee paid by hotel to a non resident (ex. participation fee to google Maps) towards a participation fee for using online search engine u/s 195. When the prospective customers search for a hotel, the hotel name comes first in the search page. Does this payment attract tds u/.s 195? Thanks in advance.

Dear Sir,

Pls tell me purchase of door closer of rs. 319/-, which account head will debit.

Ragards,

Rahul

Section 44AB of the Income Tax Act, 1961 talks about Audit of person engaged in business or profession. Does it covers a Trust running School and having School fees above Rs. 1 Crore?

Please suggest books for ca final for may 2015 attempt

Sir please suggest me which author's book should I refer for all subjects of CA Final?

Hi,

I want to know if i can file the ITR for the PY 2011-12 now or not? The income is not taxable even without deductions. Also will i need form 16? Can I file it online?
Another query-for a friend
If he filed the return of the same PY but forgot to send the ITR-V to the IT dept, then what can be done now?

Notice u/s 148 relates to reopen/ reassessment. ITAT Cochin in Kadachira Service co-operative bank v/s CIT observes that without assessment there cannot be a reassessemny u/s 147.
My client did not file return of income tax for AY-2007-2008. They have not received any notice from Income Tax department so far.Now they are in receipt of notice u/s 148. Whether the AO is correct in believing that failure in filing return results in "escaped income" and is he right in making assessment u/s 147? Shall AO make assessment for a time barred AY invoking sec.147?

Respected Sir,

my company product Acupressure & Health Care Items (Manufacture with Plastic goods)
1. so how to know product commodity code
2. how to know product HSN Code and how to know
3.this product not exempted in excise law..

Urgent