Hi..
I got results for ACS executive this June.. m satisfied with the marks of all subjects except Company Accounts.. it was extremely less than i expected.. and i have applied for revaluation.. is there any use of applying revaluation ? because its only rechecking of marks and not of answers.. can i expect for any change in my marks ? kindly reply..

Thank you !

Hey , anyone please tell me a place in Mumbai where I can definitely get/ purchase Key notes of income tax , vat etc by CA Krishna Shankar Prasad for Nov 2014 ipc exam. I have tried at many places but all in vain. Please reply !!!!!!!

Treatment of depreciation

if we are taking loan for purchase of a vehicle then is this bis mandatory to file the charge creation form with ROC please reply.

I m a business man I had given a bill with a discount & vat I WS in composite now that person has got a notice saying that the party has not paid vat.wat should I do

Kindly clarify whether the due date for filing tax audit report u/s 44 AB is only extended or due date for filing of return is also extended. the explanation to the sections are as below
Facts
Order Under Section 119 of the Income-tax Act, 1961
In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.
2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act.
(J.Saravanan)
Under Secretary (TPL-III)
Copy to:-
(i) The Chairman (CBDT), All Members, Central Board of Direct Taxes for information.
(ii) All Cadre Controlling Pr. Chief Commissioners of Income-tax with a request to circulate amongst all officers in their regions/charges.
(iii) The Pr. Director General of Income Tax (Admn.) Mayur Bhawan, New Delhi.
(iv) The Director General of Income Tax (Systems) with a request for uploading it on the Departmental website.
(v) Commissioner of Income Tax (M&TP), CBDT.
(J.Saravanan)
Under Secretary (TPL-III)

Explanation to sec 44AB.—For the purposes of this section,—
(i) "accountant" shall have the same meaning as in the Explanation below sub-section (2) of section 288;
37[(ii) "specified date", in relation to the accounts of the assessee of the previous year relevant to an assessment year, means 38[the due date for furnishing the return of income under sub-section (1) of section 139].]]
Explanation 2 to sec 139.—In this sub-section, "due date" means,—
(a) where the assessee 63[other than an assessee referred to in clause (aa)] is—
(i) a company 64[***]; or
(ii) a person (other than a company) whose accounts are required to be audited under this Act or under any other law for the time being in force; or
(iii) a working partner of a firm whose accounts are required to be audited under this Act or under any other law for the time being in force,
the 65[30th day of September] of the assessment year;
66[(aa) in the case of an assessee 67[who] is required to furnish a report referred to in section 92E, the 30th day of November of the assessment year;]
(b) in the case of a person other than a company, referred to in the first proviso to this sub-section, the 31st day of October of the assessment year;
(c) in the case of any other assessee, the 31st day of July of the assessment year.
Opinion
1. Specified date u/s 44 AB = Due date u/s 139(1) explanation 2
2. Due date u/s 139(1) as per explanation 2 is common for the three persons mentioned in that sub clause
3. When the due date for 44 AB is extended automatically the due date mentioned in 139(1) is extended
4. Since the due date u/s 139(1) explanation 2 is common for all the assesses the due date for filing return for all the 3 assessees got extended automatically
5. There is no ambiguity in the circular issued and there is no need for any clarification

Can the funds taken away by empoyee during 2 regular course of business be treated as expenditure in my final accounts. Suppose a firm is a trading and has sales man who working in the market to take orders and to receive collection from customer in the market.Now what if a sales man has manipulated the collection from customer for his personal uses and is now absconding.

sir nov 14 exam mai company ki balance sheet ka format revised schedule 6 ka hoga ya schedule 3 ka hoga.


please answer i m waiting

i have filled da examination form.now i want to change my center from indore to bhopal.is there any procedure in this regard?.thanks

If the turnover of company is nil, whether audit report forms 3CA and 3CD applicable?