Sir, I prepared both IPCC groups and passed only first group in may 2013. Now I am thinking weather to prepare for second group by doing article ship or only to do preapration for second group. If I delay the articleship now.. will the CA final attempt also gets delay????

Hello,
I would like to procedure of giving the gift, so that i and the receiver will be tax exempted.

E.g i have transferred the money from my bank account to my brother , brother in-law and spouse account , can i show this is as gift ?

if yes then under which head (like 80c, 80d..etc) ? and how much amount in a financial year i can be tax exempted ?

Please ,help me

Regards
Aakash Jha

I am facing problem while calculating depn for AY 2012-13.can anyone show the working of following question

Q/-written down value of 4 machine at beginning of of previous 2012-13, forming the part of a block of the asset carrying 15% rate of depreciation was Rs 5,00,000 the following 4 machines of same block were bought:
MACHINE DATE OF PURCHASE DATE WHEN PUT TO USE COST

P 5.1.2012 14.1.2013 50,000
Q 5.4.2012 15.5.2012 1,00,000
R 15.5.2012 31.1.2013 2,00,000
S 15.11.2012 27.3.2013 1,50,000

Four machines of this block (other than those which were acquired and put to use less than 180days) were sold for Rs4,00,000
calculate depreciation for assessment year 2013-14

Respected Sir,
I want to know that can i file my ITR for assessment year 2012-2013 in 2013-2014. I am asking not for financial year.

IF yes then Can you tell me i didn't get any Penalty For this.
I want to ask one more ques. that....if a refund arises in that year the income tax department give that to me...????

Please help me in this matter.
Thank you

If the property is self occupied and all the conditions are satisfied then the maximum deduction of interest will be 1,50,000.Right?

does 1,50,000 max include the accumulated interest deduction also which is accumulated before house was purchased or constructed?

Or 150,000 is just the max for interest due or paid after construction/purchase and accumulated will be added to 1,50,000?

How to submit income tax after filing all details in excel utility and validating it

Hello Experts,
We are looking to convert our sole proprietor company to a Pvt. Ltd. company.

Does Pvt. Ltd. company automatically become the owner of all the registrations e.g., CST, VAT, IEC registrations etc. ?

Thanks.

Sir plz i want to knw whn advance tax is required to be paid?? Thank in advance

I m student of cwa inter gav 1 grup of cwa...n plz suggest me coaching in ahmedabad for grup 2 ... or suggest me refrence book...n in which feild. Best for articlship...n bank takes student as articls????thanx in advance

Suppose if a person has deducted TDS of person @ 10% instead of 2% by mistake and deposited it in Govt. Treasury. Now the assessee whose TDS is deducted at higher rate pleas to the deductor not to deduct TDS till the time his previous excess is adjusted. What should Deductor do in this case?? Should he deduct TDS on next payments also or should he adjust as plead by deductee?? Kindly support your answer with relevant section or case law??