Easy Office
LCI Learning



Anonymous
16 July 2014 at 17:50

Penalty u/s. 271 (1) c

penalty attracted u/s. 271 (1) C for non disclosure of agriculture income in IT Return. i.e. not consider for tax calculation purpose but same is accepted in assessment. can AO leavy penalty u/s. 271 (1) C ????


Rajpara Sumit
16 July 2014 at 17:48

Income tax

Insurance Business is consider under business or professional for the purpose of u/s 44ab ?


mansi
16 July 2014 at 17:46

Amended study material

icai ka amended study material nov 14 k ly kon si site pe milega ?? please post d link here :-)


Sagar Panchal

PLEASE GUIDE ME ABOUT "IS DIGITAL SIGNATURE COMPULSORY FOR PARTNERSHIP FIRM WHILE FILING INCOME TAX RETURN ?" (THE FIRM IS NOT LIABLE FOR TAX AUDIT)



Anonymous

(1)will service tax applicable on private diagnostic center provided services like pathology lab, x ray etc
and any exemption is available in service tax act.

(2) is it eligible in business on presumptive basis under section 44AD rate of 8% of total turnover. its total gross receipt of 40 lakh from x ray and pathology test charges

(3)if it has 8 Lakh gross receipt and show net profit 6 lakh .will audit is necessary under section 44AD


Anand Sanga
16 July 2014 at 17:39

Itr4

I'am a salaried person and done equity trading in FY.2013-14. During this FY I have made short term gain (delivery) and speculative loss (intraday) which is more than short term gain.
1)To carry forward my speculative loss, should I file ITR4 or ITR4S.
2)Do I need to get tax audit in view of Sec.44AD.
3)Will the carry forwarded speculative loss be adjusted against the short term again in next year.



Anonymous
16 July 2014 at 17:38

Allotment of shares

Dear Sir/Madam,

We have received share application money before 31/03/204 and now we want to allot the shares. My query is do we have to file form PAS-4.


sagar
16 July 2014 at 17:37

Tds

Hi,

I want to ask that If an employee drawing salary of 30,000/- pm (3,60,000/- pa) leaves the company after 2 months then whether employer is liable to deduct TDS from his two month salary because his Annual salary exceeds taxable slab but the company paid only 60,000/- which is below taxable limit.Confused plz help me out.

Thanx in Advance



Anonymous
16 July 2014 at 17:34

Journal entries

ours is a company which has received a proforma invoice from another Co.towards rendering of training charges of rs.72090/-plus service tax of Rs.8910/- 7 gross bill amt is Rs.81000/-.my query is what J.Entries are to be passed here on its initial advance payment & at the time of booking of expenditure on receipt of tax invoice & at what rate TDS is to be deducted & on which amount.whether it is on Rs.72090/- or Rs.81000/- at the time of initial advance payment


kalaivani.c
16 July 2014 at 17:34

Advance tax

sir,
a person having income from salary and income from other sources.whether section 234B and 234c will apply or not?