Whether deduction u/s 35(i)(ii) or 35(i)(iii) or 35(2AA) is available to all assesee e.g. salaried employee?

Hi,

Someone may please see the following and do the needful:

Query 1

In Form ST-3 - PART-K SELF ASSESSMENT MEMORANDUM - Name - Should we mention the Company Name or the Authorised Signatory Name. System will accept any Name. But I need to know the appropriate one.

Ans: ............. (Pl confirm - Company Name or Authorised Signatory Name)

Query 2

In Form ST-3 for FAQs, somewhere, it is stated that if field B.1.12 is filled in, then the Return will be marked as R & C.

R & C stands for what.

Ans: .............

Thanks in advance for your replies.

If a assesee has sold land for Rs.5000000/- but the rate as per Government or Registery is only Rs. 3000000/-.

Will he pay tax on Rs.3000000/-
How he can make Rs. 2000000/- (black money) into white money ( show in books).
What are the sources of investment and their respective treatment in books.

A CIRCUS OWNER OWNS ELEPHANT. WILL IT BE TREATED AS FIXED ASSET ? IS IT DEPRECIABLE ASSET ?

WHAT WOULD BE ACCOUNTING ENTRY ON DEATH OF ELEPHANT.?

ANSWER ALL QUESTIONS SEPARATELY PLEASE.

Sir,
I am an self employed legal professional and receive my fees mostly in cash of which bigger amounts or after some collection at home I deposit in my bank a/c. My question is
1) Can I show even that part of my fees (in cash) which I spend immediately after receipt?
OR
Is it strictly necessary to deposit all my cash fees in my bank account?
2) Is there an I.T. Act provision that
cash deposits in a bank account more than 50000/- per annum shall be chargeable to tax in highest slab?

Hi, I have the following income for the FY 2012-13.
Loss on F&o: Rs 15,000/- (turnover Rs 1,00,000/-)
Salary: Rs 5,00,000/-
Capital Gains: Rs 15,000/-
Interest: Rs 10,000/-
Dividend: Rs 5,000/-
Is tax audit compulsory in my case?
Can i show Rs 8000/- profit on F&O to avoid tax audit?
How to fill ITR IV in such a case as ITR IVS doesnot accomodate capital gains

Regards

what is certified copies of papers and how the institute provide inspection of papers

I Ajay Shivbalak Yadav, CA FINAL Student From WESTERN REGION (Reg No.: WRO0265297) has cleared Group II in May 2013. While applying for Nov 13 Examination, I by mistake, selected Group 2 instead of Group 1 and made payment for the same.

Please provide me solution to rectify this error & also do provide me the direction for the same.

Please Reply To This Query As Earliest.

dear expert,

for asst year 13-14 i h m having below income
so kindly advise which form to fill

business income Rs 253192/-
accrued int on FD with SBI for capital gain RS.64985/-
Agri income RS. 64250/-

further i have paid to lic single premium for Rs. 50773/- so should i take full amount under 80C

Compute the net wealth of R as on 31-3-13 for the assessment year 2013-14.The individual is engaged in the business of processing and selling gold and silver articles in India and outside India:

Bank Balance- Rs,4,30,000
Unaccounted Cash Balance- Rs. 70,000
Gold Articles Rs.25,00,000
Silver Jewellery Rs.14,00,000
Guest House Rs.35,00,000
Motor Cars Rs. 6,40,000
Factory Building Rs. 8,00,000

R has taken a loan of Rs.8,00,000 by mortgaging guest house for purchasing factory building.