dasd
22 December 2009 at 18:22
if a person accepts loan in cash in this manner
1/4/07 15900
20/4/07 15800
3/9/07 15800
then whether he is liable u/s 269S & 269T IF IT IS
(A) AUDIT FIRM
(B) NON AUDIT FIRM
If that firm comes U/S 44AD or 44AF or 44AE?
what is the penalty for violating sec 269ss or 269T
dasd
22 December 2009 at 18:11
Whether rectification possible U/s 260A(HC))? If after giving decision HC or any lower authority find any mistake apparent from record then whether such lower authority inform HCt o make rectification
Whether rectification possible U/s 262 (SC)? If after giving decision HC/SC or any lower authority find any mistake apparent from record then whether such lower authority inform SC to make rectification?
pls specify if any concept is wrong in question?
dasd
22 December 2009 at 18:06
there is no separate section in IT act for Show cause notice . only it is pecified u/s 144
"Provided that such opportunity shall be given by the Assessing Officer by
serving a notice calling upon the assessee to show cause, on a date and time to
be specified in the notice, why the assessment should not be completed to the best of his judgment"
what will be the T/L for issuing such notice?
whether it wil be as per sec 153(1)--(i.e. Time limit for making AO u/s 144)?pls answer urgently
dasd
22 December 2009 at 18:05
if the parents alive & income is earned by minor on a/c of skill /talent then income will not be clubbed in hands of parents .minor will file the return +sign the reurn ?
my ? is since minor is not a party to contract then whether minor is able to sign or some other person is liable to sign b/c in return we have to acknowledge that information given above is correct. (if parents alive then parents or if parents dead then legal guardian has to obtain power of attorney)
RAKESH MEHRA
22 December 2009 at 12:52
sir
i have opened the given below site but my query is not solved
http://salestax.indlaw.com/vat/Db.aspx?SID=22
plz sir clear my query
thanku sir
..................../
Parveen Kr. Aggarwal
22 December 2009 at 00:05
Whether the power of "review" can be exercised by any court, tribunal or forum in the absence of any specific provision authorising it to do so?
Whether a Tribunal under the Motor Vehicle Act can exercise power of review while hearing an appeal or revision under sections 89 and 90 of the Act?
Anonymous
21 December 2009 at 22:30
As per the policy the liability of the Insurance Company is Rs.25,000/- to cover the risk to the account holder of the Bank under personal accident coverage.
But unfortunately the forum directed the Company to pay loan amount of Rs.50,000 together with interest.
Whether the company can move for review it orders
Anonymous
21 December 2009 at 22:02
A passenger asked for a ticket in the RAILWAY Counter for an Express Train. He was issued a SUPER FAST Train Ticket & charged more money by the counter clerk.
I request Legal Opinion.
(1)Whether the passenger can file a case? Then specify the proper Court of adjudication.
(2)Whether the counter clerk is liable for penalty?
(3)Whether the Railway Administration will be penalised under Vicarious Liability?
Anonymous
21 December 2009 at 21:55
an arbitral award passed in Chennai. the cause of action arised in pathanamthitta district in Kerala. the defendants living in trivandrum district in Kerala. before which district court,an execution petition can file.
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loan
In case of a firm which is not subject to audit whether amt recd as loan or paid as loan repayment in cash is wrong.
eg "A" is a propertership in which she has accepted some loan from her relatives in cash (but less than Rs. 20000/-) on 1/4/08 & then again on 19/5/08 (but less than Rs. 20000/-) then made repayment on 15/6/08 in cash amting to rs 15000/-.Is the party violating any provision of income tax act.thisloan is for the purpose of business