Hello experts. Can anyone please clarify the Circumstances when we need to prepare Income Expenditure A/c in place of P&L A/c. Can I&E be prepared for a profit making organisation as well?

how much interst should pay after failure to return application money completion of 120 days under sec 69.
and after 60 days as per sebi?

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.