Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Tax query

CA Sandeep Thakur (Managment Trainee) (188 Points)

12 November 2011

Dear All

Please adderess my issues:

i have two issues which are not interconnected with eacj other

1. One of my client has filled return he is salaried employee having business income too. so the return fillled was ITR 4 .

he has not deposited the tax amount and uploded the return..

so what will be course of action now, now we have forward the deposit receipts(acknowledgement) with deposit challans.

please adderess.

2. In Transfer Pricing Report(Form 3CEB certification). whether it is necessary to report bank gaurntee and coroparate gaunrnet even if the company is not charging from AE.

3. What is difference between coropoarte gaurantee and bank gaurantee.

rgrds

CA Sandeep Thakur

Reply
Follow
Share

2 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 14 November 2011

Please note that a return whioch was being filed on or before the due date can only be revised. So the course of action now would be to file a revised return and quote the original receipt number in the revised return.

Corporate gurantee means gurantee given by an corporate other than a bank. & bank gurantee means a gurantee given by a bank. for instance aan gurantee given by Jindal steel will be a Corporate gurantee & gurantee givern by IDBI bank would be an bank gurnatee.