Anonymous

Hi, can anyone give me the link to download the pdf file of income tax act 1961 as amended by finance act 2013.

Thank you in advance.


Srinivas Gurijala
02 July 2014 at 15:15

We pay tax on sale of shares

Hi,

One of my fried working in MNC(HO Located in USA)and its having world wide individual Registered offices,

My question is

HO announce some shares to employees on every year end for their contribution to company's growth on that year

when that share comes to allotted to employees account that time HO deducted tax on that shares and remaining value of shares allotted to employee's name,

If an employee worked in Indian Office(Company also registered in India), suppose he ready to sold his stock which was given by HO(after deducted tax in USA)
1.Employee again pay tax in india or not?

or

2.Indian company how to shown that income in employees salay (In Indian office)

Kindly give suggestion

Thanks for helping


sreejith c t
02 July 2014 at 15:13

Mandap keeper

Do the rent received by a mandap keeper by providing movable furniture and other properties are liable to service tax?


ganesh ramchandra purekar
02 July 2014 at 15:12

Deduction u/s 80g

Hi friends,having doubt in Sec.80G : Donation made in 28/04/2011 to help age India Rs 3000 , can we deduct dis amount in AY 14-15 ???



Anonymous
02 July 2014 at 15:11

Taxability

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.



Anonymous
02 July 2014 at 15:07

Ca with cs

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


akash rawat
02 July 2014 at 15:04

When registration is open of ipcc ?

When registration is open of ipcc ?



Anonymous
02 July 2014 at 15:02

Capitalisation of certain expenses

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


aditya
02 July 2014 at 14:58

Syllabus

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


Umesh Mittal
02 July 2014 at 14:55

Revised form 16

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