MR X HAS COMPLETED HIS 18 YEARS ON 20-06-2014
HE HAD SALARY INCOME OF Rs. 180000 IN F.Y. 2013-14.WHETHER HE CAN FILE HIS INCOME TAX RETURN OR HIS INCOME IS TO BE CLUBBED IN THE INCOME OF THE PARENTS.

sir/ madam
how to complete ca with cs within a short period?at present I am waiting for my ipcc result

When registration is open of ipcc ?

CWIP for opening automobile workshop

M/s PQR (hereinafter referred as “Licensor) is a tenant of and as such in exclusive use, enjoy possession of the premises being land admeasuring 6000 sq. yds, or thereabouts lying or being at Address , Mumbai together with certain buildings and structures thereon hereinafter called the "said premises").
The Company is entitled to use and occupy the said Premises (excluding an area of 6,000 sq. ft. appropriately occupied by Licensor and other Licensee) as Licensee under Licensor's Leave and License for a term of five years commencing from 25 March 2013.The license fee is to be paid Rs.750, 000 per month in the first three years of license period for the use of said licensed premises. The license fee for the remaining 2 years is increased to Rs.862, 500 per month. The first two months are fee free period of license.
Further, the Company is liable to pay Rs.1,900,000 per month during the first three years (except for fee free period of the license) for the use of equipment’s as mentioned in annexure A. The fee for the remaining two years is increased to Rs.2,185,000 per month.
The Company has started construction on said licensed premises in the year 2013-14 for setting up the new automobile workshop. The workshop was not ready for its intended use during the year and hence, the expenditure incurred in setting up the workshop are carried as CWIP as at 31 March 2014.
Total expenditure of CWIP includes Rs.51,792,435 (details mentioned below). Can Company carry the expenses in CWIP mentioned below? Kindly support your opinion with relevant accounting standard and GAAP.

The details of administration and general overheads included in CWIP as at 31 March, 2014.
Particulars Amount Remarks
Rent 26,900,000 Monthly (rent expenses paid for the use of premises and equipment's)

Electricity 525,305 (Electricity expenses incurred during the construction period)
Employee Cost 18,795,364 (The employee cost relates to the employees who has hired to work in the workshop after the same will be ready to its intended use).
Contract Labour 1,849,283 (Contract labour expenses are paid to the contractor whose labour should work after the workshop will be ready to its intended use.)
Interest 3,722,483 (Borrowing cost as per AS 16)

Total 51,792,435

is syllabus of law ipcc is completely change or only company act

Hi Everyone,
I am having an issue with my previous employer for not revising the form16 ( I have worked there for two month in Financial year 2013-2014). He has issued a form16 with incorrect amount where he shown ‘House Rent Allowance’ is Taxable Amount while it was exempt. He has not considered my Rent slip. When I contacted my previous employer, Payroll department is refusing to revise the Form-16 as they are saying that it cannot be revised.
I am not saying to reverse the deducted tax amount but Taxable Income should be revised due to HRA in form-16.
Please let me know whether Form-16 can be revised or not.

Thanks,
Umesh Kumar

Whether we have to reverse the CENVAT credit of custom duty availed on imported capital goods if they are removed after use. In excise we always reverse the same if excise cenvat was availed by us under rule 3(5A) of CENVAT CREDIT RULES 2004.

I am a IPCC Student.Suggest me the best self study books for IPCC Group-1.

dear experts,

Mr. A (managing director of a company) mortgage his house as guarantee to bank against loan of Rs. 11 crore.

on non payment of outstanding loan bank auctioned Mr. A house and realised Rs. 7.5 Crore

now please tell what is the tax liability of Mr. A?

in Sale agreement Seller is Bank and Purchaser deducted and deposited the TDS in Mr. A account.?

please suggest how to determine tax liability

since the day i took d decision to study for cs. people have been comparing my studies with ca! i'm passionate about becoming a cs but WORRIED why people put CS below CA? is the scope of work less in CS than in CA?