Sankar Chakraborty
12 June 2013 at 18:22

Interest calculation

please let me know how to calculate interest on reducing balance method

please answer


ANKUR SINGH

A chartered accountant conduct the tax audit for a firm which have not more than 1 crore turn over. This type of audit consider for ceiling of 45 Audit.



Anonymous
12 June 2013 at 18:12

Online filing form

my dad is retired. his income is pension with brokerage amount recd in his account. can i submit his return in ITR-1 for his pension and included brokerage amount in other income and upload or any other form i have to file.


Tejas Dhami

I want to change the residential status of a director from Non-resident to Resident.
DIN 4 application needs a proof of the residential status.
What will I have to attach to show that the director is a resident Indian.


MAHESH KUMAR
12 June 2013 at 17:55

Itr

Dear sir,

I need to know that can i file my NIL income tax return for F.Y. 2011-12 (A.Y. 2012-13) now? is there any penalty for the same ?
it's my first time for itr filing and i also first applied and my PAN no is alloted.



Regards,
Mahesh


kavita
12 June 2013 at 17:51

Capital gain on forign mutual fund

Please solve my problem:
If a person has purchased 5000 units of foreign mutual fund in 2007 @$10 per unit when exchange rate was 1$=Rs45. He has sold these 5000 units in 2013 @$12 per unit when exchange rate is 1$=Rs55. How the capital gain shoud be computed.
Further suggest whether capital gain should be computed considering the difference of exchange rate.(Assuming there is no indexation)
Whether the solution shoud be like this:-
sale 5000*12*55= 3300000
- purchase 5000*10*45= 2250000
Long term capital gain=1050000

or shouid be like this:-
sale 5000*12 =60000
-purchase 5000*10 =50000
Long term capital gain=10000*55
=5500000
Please help..


rohit
12 June 2013 at 17:48

Tds on salary

A SALARIED PERSON HAS TOTAL INCOME OF 8 LACS ?
WHAT WILL BE THE TAX LIABLITY FOR F.Y 2012-2013?
WHAT WILL BE THE TDS FOR EVERY QUARTER?


krishna kumar p

Dear members,
Can anyone share whether ICAI is charging VAT on books sold to students.
Reason for asking such Question:
We are a private Coaching Center,a Pvt ltd company. Due to different opinion on VAT applicability on Study materials, to be on safer side, we are charging VAT. If we can can find the answer for above question, we can reduce the cost to student by not charging VAT. Please us to help the Student.
Thanks in avance


p k venkatasubramanian

we are Central Govt. Organisation planning to hire Photocopiers on a cosideration of 50 paise per copy taken without any other rental/leasing/hiring charges. The company which lends the Photocopier is charging VAT extra. Please confirm the applicability of VAT under the present arrangement mentioned above.



Anonymous
12 June 2013 at 17:18

Huf

If I want to create a HUF and invest Rs. X in it, can I show it as my capital contribution to it as Karta of HUF. Is there any legal procedure for the same and whether any document is to be prepared for such contribution to HUF? Will income attract clubbing provision as amount is invested by me only and nobody else?





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query