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cheshta   30 May 2009 at 11:36

Self Assessment tax paid Under section 140A

Hello everyone
I want to ask query about section 140A which i did not find in the book.
If self assessment tax falls short of tax and interest first it would be adjusted towards interest u/s 234ABC but if self assessment tax falls short of even interest amount then what will be the basis for apportioning it towards 234ABC and under what section?

Please reply.

satish   28 May 2009 at 16:44

tds

sir
Can u tell me about this matter

one bill issued by me Worth amount is 271 USD and he paid me against biil amount 12044 Rs and the actual Bill amount is 13200.41Rs in indian curr.

tall me he authrise tds ded in my payment the payment is forgein
Thanks
Satish

kalpesh   27 May 2009 at 16:59

section 220

Can anyone give me this case law

B.M.Malani vs CIt ITR 306.

alsi circular 530 dated 06.03.1989 read with circular 589 dated 16.01.1991.

it is in relation with interest waiver under section 220 of income tax act.

can anyone explain in a simpl way what this section and case conveys

Pardeep jagdeva   27 May 2009 at 14:41

Judgements on reward to informer

Sir,
i have filled a civil writ to obtain 10%reward from the tax department on actual recovery from whom who avoid to pay the income tax to the tax department i am the informer in this matter i need some judgements on this point of Delhi high court.
Please send me citaion

Pardeep jagdeva
(Advocate)

krina thakkar   26 May 2009 at 10:54

VAT & CST

Kindly explain me that If in income tax, service tax, tds etc. , educationn cess & higher education cess are calculated, then why they are not calculated in VAT & CST ???? I want to know about this logically with perfect reason.
Krina Thakkar.

pratik   26 May 2009 at 10:04

Section 144 of the income tax act, 1961

1.)what do u mean by best judgment assessment under section 144 of the income tax act, 1961 in detail. with suitable example.


Note : (To the expert do write any thing vague if u have the answer than only reply no need to say u should go & meet the advocate etc............)

so to say this but i have to.

Ashwin Jain   25 May 2009 at 23:11

Service Tax on Lawyers

Hello all,
One thing which I know is that no service tax is leviable on service renders by Lawyers.
But please anyone explain me the reason for such provisions as they also provide service.
Please give me reason in detail

Thank you

S. Krishnamoorthy   25 May 2009 at 10:31

Time Limit for disposal of Show Cause Notice

Can any of the friends advise whether there is any time limit for the disposal of show cause notice issued by the Service Tax Commissioner? Is any order to be issued by them for dropping the SCN?

vijayasathya   25 May 2009 at 10:29

income tax

Dear Friends,

kindly Let me clarify on the following,

My Client is a govt.civil contractor and he is subjected to Tax audit u/s.44 AB of the IT Act.The Asst.was completed by the A.O.u/s. 143(3)due to non-production of books of accounts even after 5 or 6 notices.But the assessee asked for time extention to produce the books of accounts due to misplacement of the same.The A.O. denied and demand notice was sent along with the asst.order for Rs.13 lakhs.The Assessee preferred an appeal before the CIT (A).On the hearings of the CIT (A) the books were found and produced before the Hon`ble CIT (A).The CIT (A) remanded the case to the A.O. for the correctness and completness of the books.I,as POA produced the books ,before the A.O.on 16/03/2009.Again The A.o.Asked for further more evidence which the same was produced on 19/03/2009.On 04/05/2009 Ie.after a month the A.o.by in his remand report surprisingly invoking the provisions of Rule 46 (1) a to D of the IT Rules that he is not supposed to be admitted the Addtional evidence produced by the assessee where sufficient oppurtunity were given to the assessee on the proceedings of the assessement.

My query to your goodself is,
(1)Why the Learned A.O.has not refused the addtional evidence ( Here Books of accounts) at the first instance by invoking the said rule.
(2) Could I argue that since the A.O. called for the hearing on the matter of the said remand report,it is implied that he has admitted the addl.evidence sought for on the dates of 16 th & 19 th of march 2009
(3) Can I adduce that the addl.evidence meant in the said rule does not apply to the books of accounts.B`cos books of accounts is the PRIMARY EVIDENCE WITHOUT WHICH THE TRUE INCOME can`t be arrived.

Your co-operation at this crucial juncture is very much appreciated. Also I need anu case laws citation or rulings in this regard

Thanking You,
R.Vijaya Sathya,
Advocate

shail   23 May 2009 at 13:14

gift of money by cheque by close relative

Is it compulsory to make gift deed in case of gift of money through cheque by close relative?

Is it required to be made on stamp paper?

Is affidavit required to be made for such gift?

Is compulsory to noterize gift deed?