Eswar Reddy S
27 September 2014 at 22:32

Tax audit cases -additions to fixed assets

Hi All, In 3CD we need to mention the additions to fixed assets date wise . For example 200 machines purchsed during the year on different dates, is it required to mention the date wise ?



Anonymous
27 September 2014 at 22:32

234a

As per the recent notification issued by CBDT, interest would be payable u/s 234A if tax is not paid at the time of filing returns. 234A can be invoked only if the tax liability persists at the time of filing returns. If the due date has been postponed to 30.11.14 and if the tax is paid on or before that date, how can 234A be invoked?


Eswar Reddy S

Hi All, Is there any penalty /interest non filing of Tds returns if the deductee does not have PAN? Tds deducted 20% instead of 10% and remitted the same within due date ,but tds return not filled.



Anonymous
27 September 2014 at 22:23

Exemptions u/s 54f

one of the client is in receipts of long term capital gains, to claim the exemptions u/s54/54f, can he construct the house property in the land which is in the name of his wife?


Eswar Reddy S

Some people are telling If we take loan from bank it is a secured loan ? Is it correct? Is there any basis to determine secured and unsecured?


Eswar Reddy S
27 September 2014 at 22:15

Lic paid -proprietorship

Dear All, For proprietor ship business LIC paid from business account ,is it drawing or investment ? (Accounting treatment) 1.Proprietor life -not for business purpose (DRAWING) or 2.Business money paid to others advance /loan as the same will be refunded on maturing (Investment )


Eswar Reddy S
27 September 2014 at 21:59

3ca or 3cb

Incase of companies having turnover more than 1crore for 2014-15 AY (Tax Audit cases), books of accounts to be maintained under section 44AB , What is the form to be used 3CA-CD OR 3CB-CD ?


Eswar Reddy S
27 September 2014 at 21:53

Tax audit report filing

Dear All, We are attaching both DSC's , CA and Director /partner /Proprietor Is it required to upload signed scan copies of financials while uploading tax audit report ?


CA Aditya Shah
27 September 2014 at 21:30

Depreciation

Dear all, The new rates of depreciation as per Sch 2 of Companies Act 2013 is applicable for FY 2013-14 or not?



Anonymous
27 September 2014 at 21:24

Interest calculation

what is major difference between interest calculated on monthly basis or yearly or per annum Basis.