SIR,
pl guide which ITR should I file. My annual income is 5.07 Lacs but after deducting chapter VI and other exempted income it is coming under 5 lacs. My house loan is running. i.e. i am paying interest on my home loan. Which return i should fill ITR-1 or 2 or else ?

My second question is my mother is having interest income from FDs and some misc.income less than 50000. Which return should i fill cause bank has deducted TDS due to non filing of 15-H .
Please guide

Hi All, I recently joined Articleship. While I find myself good in Taxation....I realised I am not up to the mark when it comes to Journal Entries....I even have a problem with understanding the basic entries and also when it comes to thinking about the entries to be passed for any adjustments or a special case... I'm struggling. Please suggest me how to improve my knowledge in Journal Entries....Is there any good book that I could use for this purpose?? Please help me..

Hi
I am a student of CA final, having exams in Nov. 2013. I have started the preparation for Law but it is taking too much time. so, can anyone suggest me the way or can anyone provide me the short notes for corporate law (other than Directors)..??

Hello everyone,

I had filed manual return of my client for AY 2010-11 on 09/08/2010 showing GTI Rs.29660/-and claiming refund of Rs.2966/-

Thereafter some other consultant again filed the original return of my client for AY 2010-11 on 07/01/2011 manually Claiming NIL refund.

As per my knowledge, 2nd ITR is invalid because once the original return is filed thereafter only revised return can be filed.

My client has yet not received refund for the aforesaid AY.

WHat should i do to get the refun ?

Waiting for the views of the experts.

Dear Sir, One of my client have income from authorized service station of two whiles. My client paid service tax liabilities on these receipts. My client has a further income by commission on insurance service from united India limited. Is this commission also having a tax liabilities, thus my client had not claimed and paid any service tax on this commission? What is the legal provision? Service tax audit cell issue an notice regarding service tax on this commission after audit. Plz advice me.

With regards

Mukesh khandelwal

9828242065

what is mmr and how it is calculated

Dear sir\madam,

I like to know if any person sells its shop, which he has purchased 3 years ago, he would be liable to capital gains......

and where should he invest to save his capital gains?

Please do reply soon!!!!

Thanks ...

EXPERTS PLEASE,
I filed I.T. Returns on line for one of my clients for the As. yr. 2011-12 & 2012-13. Through some oversight wrong TAN NO. was mentioned in both the returns. My client has recd. 143(1)a of both the years where TAX CREDIT, (TDS) Tax Deducted by his co., was not given in the assessment. And resulting that Tax Demand is raised to that extend and interest there on for the said periods. Let me know whether I can go for rectification or to send the revised return.

Please tell whether there is any time limit within which we have to join a new firm after taking transfer.like 1 month or so.like my friend had joined on 26 october 2012 and has left the previous firm on 15 may.when should he join new firm so that his CA final exam does not get delayed which is supposed to be in may 2015?

Dear Sir,

we have paid salary to one employees where we need to deduct TDS in 3rd quarter, for 1st & 2nd quarter we have not deduct any Tax & not reported in Quarterly 24Q return.

now in 4th Quarter, against his Tax is Nil due to some investment & all, the query is how to report the same (i.e. his salary for 1st & 2nd quarter) in 4th the quarter return.

1) whether we need to clubbed his income for first two quarter in annexure I?
2) whether we need report only his salry for 4th quarter in Annexure I and report full year income in Annexure II.

Pls guide.

Regards,
Hardik