AJAY GUPTA
30 July 2014 at 23:00

Tax audit u/s 44ad(5)

A individual having turnover 52 lacs and net profit Rs. 1.8 lacs, income from other sources Rs. 80000/-. GTI comes to Rs. 2.6 lacs, whether liable to audit u/s 44AD, if yes then time limit for filing return. Experts pls advice


SARANG
30 July 2014 at 22:53

Ipcc time management query

Hello guyz I have completed my graduation from SRCC and now I will be giving my IPCC both group 1 &2 EXAM in MAY 2015 and coaching will get finished by 31 January ........so I will be left with 90 days in total for self study.......so plz could u suggest me the time table for these 90 days ?????


vraca96

I want to know that if an auditor of company can purchase product or use services (not free)from the company , he is auditing.
is it ok.urgent view required.
v.k.g.
9997818686



Anonymous
30 July 2014 at 22:17

Interest on borrowed capital

In Form 16 employer has deducted Rs.241000/- as deduction for interest on borrowed capital. But when i fill ITR 1 it restricts me to Rs.150000/-. If i take Rs.150000/- as deduction then i will have to pay additional tax. what to do?


chaman kumar Gupta
30 July 2014 at 22:13

Speculation loss

whether future trading of commodity will be speculation loss or business loss


Maulikgiri Goswami
30 July 2014 at 21:44

Black money

whether goverment should provide any concession to the black holder to get back the it ?



Anonymous
30 July 2014 at 20:43

Tds query

I work with a Govt company.
I have made payment to a party and not deducted TDS on it. TDS had to be deducted @ 2% on that amount.

Now I need to rectify the problem of my last payment. What procedure should I follow.

We are ready to pay interest and deduct the TDS from the party's next payment.I am putting the facts:
1) Payment was made in February, April, May and June, 14.
2) No TDS was deducted on it.

Option which I am considering:
1) Deduct the TDS amount from the current payment for all the previous payments in the current date.
2) Pay the same with interest.

Question:
1) How to pay the interest amount (practically) like which challan??
2) How do I show it in the quarter 2 of 2014 return??

Please help me out its urgent


HEMANT VIRVADIA
30 July 2014 at 20:43

Regarding agriculture income

Dear Sir,
Can Exemption of Agriculture income be adjust against STCG?

Please reply as soon as possible.

Thank You


SUMIT SINHA
30 July 2014 at 20:36

Belated return

is there any way that i can file income tax return of assessment year 2012-13.



Anonymous
30 July 2014 at 20:27

Tax on partners income

Partnership firm has loss in year say 2012-13 year Rs.20k (PSR 1:1 i.e., two partner) In current year 2013-2014 ,partnership firm has a profit of Rs.40k as per p&l a/c. so firm will pay the tax on Rs 20k after adjusting the c/f loss of Rs 20k. So my question is that is 20k is exempt profit for each partner or they have to pay taxes on Rs.10k...???