I bought a software costing 1.9L should i capitalize it and amoortize in 10 yrs. as life of the software cannot be determined.With reference to AS-26.Plz reply am i right in doing so?

I am an IPCC Student gave exam in November 2011 but didn't clear & i was unable appear in subsequent exams held in may . nov 2012 & may 2013. Now i want to take up the exams for coming nov 2013. whether i can directly apply for the exams?
someone said me that i should send a new recommendation form to chennai.
please guide me.

Sir

I have recently downloaded Part A of Form 16

tds amount properly matches and whole status is F

Now i could not relate Amount Paid/Credited mentioned in Part A with Part B prepared by me.

I usually mention sometimes net and sometimes gross salary at the time of submitting quarterly returns

In the last quarter i fill the actual details along with all investments to generate form 16.

Now please clarify does this figure mentioned under coloumn "Amount Paid/Credited) in Part "A", has any relevance or not

Please tell can i issue form 16 though amount mentioned under Amount Paid/Credited is not related to figures mentioned in Part B.

Thanks & Regards
Dheeraj Kumar

In the Finance Budget 2013, Finance minister introduced a new section 80EE in Inome Tax Act, which is related to additional deduction of Rs 1 Lac for payment of intrest for housing loan to a certain condition.

In the conditions one point is that “Interest allowed under this section can’t be allowed under any other section like 24(b).

So my confusion is that “This benefit would be additional benefit over Rs 1.5 lac as allowed under section 24(b) or this anyone can avail either 24(b) or 80 EE”..

Please elaborate.

hello freinds,

one of our client doing a mobile AMC business,in such type of business he has to pay claim in case of if any mobile irrepaireable or have cost of repair more then its value.

after that he sell such mobile in market in parts or some local repair.

he recognised AMC receipts as business income, how we will recognised income from sale of mobile.

is it treated as purchase or sale, or just treated as business other income.

thanks

Can I give exam of group 1 only (final).is there any negative impact on result??? Plz help me by answering this. I cannt appear for both groups.

I want to know whether individual making single payment of Rs.36,000/- to contractor for renovation of his house, whether tds to be deducted from payment or not

I am completing my 2 nd year articleship in this august and I want to join industrial training after it.
Pls guide me

plz..provide me sample paper,question bank for module 1 exam in itt....and for module 2, online exam if possible plz...

I got around 50,000 as interest from a STDR in Dec’2012; however as I had submitted form 15G to SBI; SBI had not deducted any income tax and gave full 50,000 interest!

So I had paid 10% of it i.e 5000/- by Challan-280 in Feb’2013.

I am a Govt. servant; in my Form-16 issued by the employer, income from other source i.e the above 50,000 has left vacant & have deducted TDS on my Salary only for the FY-12-13.

My income in this FY-12-13 is below 5 lakhs; (along with this extra income of 50,000 above)

Now, when I try to file my ITR-1 online, I found that I’ve to fill the "Sch TDS2 part" for my income from other sources (i.e my interest from my STDR of SBI) where "Form-16A" detail is needed! (where as I've only Challan-280 receipt copy);

So, I would like to know how to show my extra earning 50,000/- and how to fill the e_return form in the web-site;

Expecting a kind response from your end

Sincerely

Er. Arun Borgohain