What is the date of payment to be consider by department for the purpose of calculating interest on late payment of advance tax
1.Date of cheque deposited by assessee in bank showing with bank stamp.
2.Cheque clearing date showing as per stamp of bank.

Hi,
This is regarding computation of income of Partnership firm for A Y 07-08.

if any property (i.e. godown) purchased before 01.04.81 but not shown in balance sheet of the firm & sold in A Y 07-08,then can I claim deduction from sale proceed thru cost of acquisition or fair market value

Is there any time gap is compulsory for filing two belated retruns?
Or can an assessee file two years belated return on same day.

My client is a sick unit and has applied to BIFR in 2006-07. It has incurred Rs. 4 crores for maintenance of the plants and equipments in 2007-08. It showed Depreciation in the Income Tax return resulting in loss return. Should it be allowed???

What is Floor Space Index (FSI) please clarify????

An Assessee wants to file his return of income for 3 Assessment years namely 2006-07, 2007-08 and 2008-09.
In the A/Ys 2006-07 and 2007-08 the assessee did not possess the PAN card. He had applied for it on 10.02.2008 and received it on 15.03.2008 i.e., he possesses PAn card only for the A/Y2008-09.
The total income of Assessee as per the requirements of sec. 139(1)for different A/Ys is as follows:
A/Y 2006-07 : Rs. 60,000
A/Y2007-08 : Rs. 95,300
A/y2008-09 : Rs.102,000

now my query is "The Assesse wants to file his return of income for awl the three assessment years, what will be the consequences with him? and what should he do for mentioning his PAN no. in d return for A/Y2006-07 and 2007-08?

An Assessee wants to file his return of income for 3 Assessment years namely 2006-07, 2007-08 and 2008-09.
In the A/Ys 2006-07 and 2007-08 the assessee did not possess the PAN card. He had applied for it on 10.02.2008 and received it on 15.03.2008 i.e., he possesses PAn card only for the A/Y2008-09.
The total income of Assessee as per the requirements of sec. 139(1)for different A/Ys is as follows:
A/Y 2006-07 : Rs. 60,000
A/Y2007-08 : Rs. 95,300
A/y2008-09 : Rs.102,000

now my query is "The Assesse wants to file his return of income for awl the three assessment years, what will be the consequences with him? and what should he do for mentioning his PAN no. in d return for A/Y2006-07 and 2007-08?

Who is a Shadow director? What is his role in the company? How is he different from the other directors?

I had a doubt in service tax

question 1.

I made a bill on 12.2.2009 for a value of 1,00,000/= with 12.36 % service tax and I received 50,000 amount before 24.02.2009 and i remit the tax 12.36 % and I received 50,000 on 01.03.2009 how much i have to pay serive tax on the balance amount.

Question 2.

I received advance amount 1,00,000 on 12.02.2009 for which bill not yet raised. During this quarter ended shall i make service tax @ 10.3 %.


question 3.

I billed Rs. 1,00,000 on 10.03.2009 @ 10.3 % service tax for which I received an advance amount Rs. 50,000/= on 12.12.2008 and paid service tax for the said amount @12.36 % on 4.1.2009.
Please clarify how to bill this and what amount i have to pay service tax.

Can anyone please send me the good format of statutory audit report? My mail id is keerthi.br17@gmail.com. Thank you..