Anonymous
25 July 2013 at 22:19

Income tax on lic wealth plus

Hi,
I had Lic Wealth plus of single premium 40000/- started on 23/03/2010
Sum Assured:50000/-

As nav is going below I have surrendered and got 36176/- from it after 3 yrs (No surrender value deducted as surrendered after 3 yrs.)

Now for FY 2013-14 ay 2014-15 how much amount from it will be taxable? Please advised i am confused.


CA Sweta

Whether assessee can file last 15 years Income tax returns now.Most of these returns are taxable.Whether assessing officer has power to accept these last 15 years returns?Guide about the penalty procedure.Assessee is ready to pay interest u/s 234A,234B,234C


Suraj Mehta
25 July 2013 at 22:14

New address on income tax returns

can we write new address on income tax return without applying for address change on pan card??? After logging in on incometax website, can we change address in my profile tab????



Anonymous
25 July 2013 at 22:13

Conversion rate for credit note

which conversion rates needs to be taken for credit notes raised by customer for deffective supply of goods, where the invoice amount is pending?whether the conversion rate taken for converting invoice value or the rate prevailing on the date of credit note.



Anonymous
25 July 2013 at 22:03

Last year summary - urgent

Hi
I have a house in my name which was given on rent in year 2012. The tenant stayed till Dec 2012 & vacated. After that it is vacant till now.
I had a rental agreement with the tenant, but never gave any receipt neither he ever claimed. But I am sure the tenant must be availing the tax benefit (but never asked him). He was depositing the rent to my account.
1) My query is since I did not give any receipt, do I need to show the income from this house in my income tax return?

thanks



Anonymous
25 July 2013 at 21:36

How does a credit card work?

What will be the interest rate?Will there be any amount credited to the account?Will interest be charged on the amount used or amount credited?



Anonymous
25 July 2013 at 21:31

Itr

pls tell me in form 16 the amt of epf includes employer contribution also or not???? pllsss rep.


abhishek kashyap
25 July 2013 at 21:09

Amalgamation

sir,



if there is goodwill in books of old company and there arises the case of capital reserve in case of shortfall of P.C while taking over assets and liability in purchase method, will both the goodwill and capital reserve remain in the books of new company or we may set-off goodwill against capital reserve. if there is some different treatment, please tell me about that also.


Jignesh Desai

My client has the following types of Incomes (or losses) for Ay 13-14 :-

1) Bank Interest 11250
2) Salary 300000
3) Dividend on Shares 2200
4) Fd Interest 15874
5) Interest on Infra Bond 1600
6) Interest on Loan to Partnership Firm in which he is a Partner 422000
7) Long Term Loss on Shares 40000
8) PPF Interest 12000
9) Short Term Loss on Shares 10560 .

Moreover , he has paid Interest to an Individual on Loan taken from that Individual - 500000 .

His exemptIncome u/s 10 is more than 5000 .

Which ITR should be filed for him ? Since he is Partner in a Firm , will I need any additional details/documents from him about his Partnership in the Firm apart from the Interest he has received on his Capital in the Firm in order to fill in the ITR ?


vishal kapoor
25 July 2013 at 21:03

Cpt

sir, suggest me timetable for cpt becoz i regularly fail 3 times i also do b.com regular in 2nd year !!!!! sir suggest me the hours of study per day nd also tell me that in one day i can read only 2 subjects nd later on others!!!plzzz suggest me !!!!!!!!!!!!!!






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