My Articleship period was initiated on 28th September,2015 and terminated on 27th September, 2018. But in February, 2019 I had received a letter from ICAI that there is excess period to be served for 25 days, which I duly by filing a fresh form103 for extended period commenced from 13th February, 2019 and will be terminate on 12th March, 2019 (as principal has opined to serve 30 days)

While selecting the initial date of commencement of Articleship I had mentioned 28th September, 2015 as commencement date and 12th March, 2019 as termination date

As I have already mailed them this query
What else to do now

Is this will impact my attempt??

I have joint saving A/C and FD A/C with my mother , please inform me the Interest on Saving A/C & FD A/C to be considered for Income tax calculation. My mother not submit the Income Tax Return.

I have paid premium on mediclaim on the behalf of my mother of Rs 6000/- on 30.09.2018 and also paid premium of Rs 9370/- on 31.12.2018 for me. My mother age is 70 years. Please inform me the deduction U/S 80D.

I have issued invoices to my buyers. But, the payment is incomplete for the whole month. Since, i have not received any payment, is it necessary to pay the gst amount from my own pocket?

Dear All,

For the assessment year 2019-20, a domestic company is taxable at 30%. However, the tax rate would be 25% if turnover or gross receipt of the company does not exceed Rs. 250 crore in the previous year 2016-17.

If a company is formed in December 2016 i.e. in FY FY 2016-17 and there is no turnover or gross receipts till March 31st, 2017. Just company formation expenses and few other expenses were there during FY 2016-17.

Then is above condition still applicable to such companies for applying tax rate of 25% for FY 2018-19??

Please guide.

Regards,
Suraj

Dear sir,
Whether a proprietor jeweller start monthly deposit scheme and accept cash if yes monthly limit of installment after Oct 2018 government new rules. Also suggest it for Pvt.ltd. companyThanks in advance
dilipy Phatak

Dear All,

I want to calculate NRI Taxable income which arise in India though sale of property only and having capital gain.

My Query is that is NRI liable for Basic exemption which Rs. 2,50,000/- in this case

please advise me with narration or exemple

Dear Team,

i have a question about the credit card.

I am a proprietor. I purchase a Refrigerator of Rs. 60000/- through SBI Credit Card and there are option available for EMI. I Choose them and create 3 EMI of 20000 Each. Now, What entry should i pass in my tally because My Credit limit is reduced by 60000/-.

Please reply

Query:-
A company is taking Job work service from other company and in that case principal want to install a machinery on Job worker place forever and which will be immovable in Future and job worker providing his 100% serviCe to that principal. In that transaction instead of sending capital goods at Job worker ,can we take rent from Job worker for that machine bcoz otherwise after 3 years GST credit on that machinery has to be reverse bcoz machine will never come back.

House property purchased in F.Y. 1996-97 under GPA. What is the tax (Capital gain) treatment If registered the same in F.Y. 2019-20 in his own name or family member name.

If a capital gain arises in the name partnership firm by selling land (LTCG). The doubt that arises here is that for claiming exemption u/s 54EC whether the partner individually should invest in their name or the partnership firm should invest in its name in NHAI or RECL bonds. What do the Act say in this situation

Kindly reply in details.