X is a charitable trust. While applying for PAN card, by omission the category was quoted as ‘Artificial Jurisdical Person’ although it should have been Trust. So, the PAN No. allotted by IT Department was XXXJS0287X. The fourth alpahabet in the PAN no. was "J" but it should have been "T". Now, although the trust is registered under 12AA, but the benefit of exemption under Section 11 is disallowed because of wrong PAN.

So, please guide me the future course of action. Whether a NEW Pan number should be applied and surrender old Pan Number? But if we do these, what about the previous claims for exemption?
Or there is any other more convenient way ?

Currently i am doing articleship in lucknow since September 2011 i.e i am going to complete 2 years in sept 2013. I want to take a transfer to another city preferably Allahabad. My dad is a goverment employee who is currently posted in allahabad. He has been posted outside lucknow since i started my articleship.My query is whether i am eligible to take transfer to allahabad considering that dad has not been transferred now but already outside lucknow since a long time. Will the clause of transfer of parents to other city will apply???

Dear Sir,

Its very urgent, I wants to file return for the A.Y. 2011-12. Which is already time bared.

I have to file the return. What is the solution?
Please help me. Its very urgent.

Hi All Experts,

Can you please tell me 1st April 2013 to 31st March 2014 is termed as Fiscal Year 2013 or Fiscal year 2014 ?

I am bit confused in terminology of fiscal year.

Kindly explain the query.


Regards,

Pankaj Bhalerao.

MVAT – Amendment in VAT Rate on Precious Stone (Diamond) Wef 01.04.2013

Can anybody elaborate the above. I want to know whether it is applicable on Jewellery where part of it is made of diamonds and part of it in Jewellery. Also I want to know whether it is Applicable only and only to "DIAMONDS" Pls. Explain. Thanks

I HAVE RECENTLY JOINED A COMPANY AND AM ASKED TO DRAFT THE BALANCE SHEET AS PER SCHEDULE VI.COMPANY IS A NEW COMPANY STARTED OPERATIONS THIS YEAR.ON THE ASSETS PURCHASED WHAT RATE OF DEPRECIATION SHALL I PROVIDE FROM WHERE WILL I GET THE DEPRECIATION RATE.

PLEASE REVERT BACK AS SOON AS POSSIBLE.ITS URGENT
THANKS IN ADVANCE.

Respected professionals

I want open the ITT training center.What is procedures and what is requirement for this. for this center where i will approach. Please guide me.I will be obliged.

Thanking you

My Grandfather had FD in HSBC Bank since last 19 years, now the amount is in big figure. My Grandfather had not shown the PAN card in the FD but the TDS is deducted on the regular basis. He also expired on 9th of June 2008 and we (His Family) wants to claim the FD amount, How to claim it and What is the tax effect on it ? The amount to be allocated to five persons which includes his son, daughter in law, and grandson. Please help me.

Sir, We have filed the ST 3 Returns for the Quarter July-September 2012.But in XML Status, it is showing that the return is uploaded.when it will show that whether the return has Approved or rejected?

Dear Experts,
I had a asset which was sold during feb 2013 below WDV value, But the whole block was empty since every thing is sold, please let me know whether i can eligible for depreciation as per income tax act (Since the assessee is proprietor)and what about the loss treatment.