As per the data provided by CBDT on tax audit report some serious irregularities were observed.

One of such irregularities is -
1. Approx. 9,500 Members conducted tax audits in excess of specified limit of 45.
From AY - 13-14 E - filing of Tax Report is mandatory. As a result, ICAI/ITD shall be able to track the count of 45 Tax Audits. In fact, ICAI with the help of CBDT/ITD can also put control on this website so that only 45 Audit Reports u/s
44AB (i.e. not of under Section 44AD, 44AE)
can get uploaded under the log in of one CA.
Hence, the moment a CA tries to upload his/her
46th Tax Audit Report online, the system will not
accept it and will through a message like ‘Exceeding Maximum Audit Limits eligible..

My question is -
1. why such features have not been implemented till date?
2. If such feature implemented what will happen if no of practitioner ( CA ) available on a particular
location of the country is less than no of tax audit assessee?

i m a student of cwa inter n give exam in june 13 for 1st group onlyy....can i do registration for cma final now???b,coz there is a provision that before 1 yr registration should be made .....plz give me advise...thanx in advance

Dear experts. . Recent circular declared about form 16 is the form should be generated through TRACES portal. . I need to know whether form 16 is valid or not if its generated through e-tax software ?

Hi expert,

Have heard about the new companies bill.

Am unable to understand to what extent the existing topics in corporate law would be changed.

May I buy the books - practice manual and class notes now if I plan to appear in May 14? Pls. suggest.

At the time of taking Industrial Training, form 109 Is required to be submited to the institute for 2yrs of articleship?

I have received the study material of ca final but not got the registration letter of ca final. i want to know the email id for sending mail regarding this matter

Dear Sirs,
I along with my wife purchased a flat at noida in year 2010 in 52.5 lakh as co-owners and co-applicants(in home loan)under construction linked plan. EMI is being deducted from only my bank account.We have paid 17 lakh till date to the builder.
In march,2013 my wife sold her 2 bhk flat at lucknow gifted to her by her elder brother in 27.5 lakh.My question is
1)Can my wife invest the sale proceeds/capital gains of her gifted flat in the flat at noida purchased under construction linked plan as a coowner and coapplicant with me and be entitled for exemption from capital gains tax?
2) if the answer to Q 1 above is yes then what will be the extent of capital gains which can be saved, 100% or 50%.
Kindly respond soon.
Thanks!

hi
can i buy multiple property (2or3 flats, of a plot and flat, ets) after selling my house.
i dont have any other property in my name

also if the amount deposited in Cap Gain Gaving A/C is not utilised 3 yrs after deposit is that amt taxable or that amt is tax free?

thanks
harshal
8928543484

Dear all,

One Indian Company import software service(other than online data or information) from USA through Email and after doing some addition /modification in software same to be export to USA to other client..than service tax payable on import of service by Indian company? than apply for refund on input used for export?

sir/madam
my client is engaged in taking work contracts from banks and other semi governmental institutions by doing interior furnishing,electrification,amc work, etc of new and existing branches
my question is
whether in such firm
(1)chhattisgarh vat shall be applicable
or
(2)service tax shall be applicable

ON
WORKS CONTRACTS