Dear Sir, One of my client have income from authorized service station of two whiles. My client paid service tax liabilities on these receipts. My client has a further income by commission on insurance service from united India limited. Is this commission also having a tax liabilities, thus my client had not claimed and paid any service tax on this commission? What is the legal provision? Service tax audit cell issue an notice regarding service tax on this commission after audit. Plz advice me.
With regards
Mukesh khandelwal
9828242065
Dear Sir, please clarify the following situation relating to applicability of Tax Audit:
1.Turnover for P.Y. 2012-13 is 75 Lakh, and net profit for the year amounts to Rs. 2.25 lakh, all the books as per sec 44AA are already maintained. will there be requirement to get the Accounts audited?
2. what will be the situation if the same person get his accounts audited for P.Y. 2011-12 due to his turnover of 65 lakh. will he be required to get his accounts audited for P.Y. 2012-13 if his turnover is 75 Lakh?
Hye sir , i want to take advive regarding one of my known , he have two pan cards mistakebly , what trully is .. he has made the 1st card in wrong date of birth , not intentionally , but due to didn,t knowing the importance of pan card and the results of doing such practice , and he have to join some company in which he has to show his date of birth , more than actual .
At the time he made the first wrong pan card , he was 19 years old and did the same in absence of knowledge and had no idea about the importance of pan card . He didn't know at that time what will be the results in future ?
he knows the truth and applied for 2nd card with genuine documents and now he has got it , and he don,t want to use anyone at ay manner. but now he don,t want to use the first one that was with false date of birth documents ,
So he want to surrender the first one , and proceed with second car . But what the problem is he has lot of fear that if he surrender than he come in to some problem of police or courts for any strong punishments( he have to go to custody ) . His intentions are trully genuine all that have been done due to absence of knowledge and inmportance of pan card.
What are your best advises he have to do in this case? and how ? how he have to procced for surrender of card and where he have to contact ? where he have to contact and how ? If there is need to pay any fine , he is ready to pay the same .
Please put light of your value able knowledge so that he can take the right step.
Penalty for late filing of tds quarterly return
Dear All,
I have submitted Quaterly TDS return for first Quarter for FY 2012-13 through our hired advocate.
But now i came to know that he had filed said return online, but forget to submit signed Form 27 A to tin centre. Now i have handed over Second copy of Form 27 A available with me to him today on 15.05.2013. Kindly let me know whether there will be any penalty on me. If there at what rate, what measure to avoid it.
Kindly advice me.