My company has filed a tax return of AY 13-14 in which there is a loss as per normal income tax. However there was MAT profit of Rs.20 cr

While finalising the account of AY 14-15 (PY 13-14) we came across prior period income of Rs. 95 crores which was omitted to be accounted in AY 13-14(PY 12-13).

our question is that - while assessing the income of AY 13-14, will the AO re assess (or re calculate) the MAT profit as Rs. 115 cr (Rs. 20 cr book profit as per account and Rs. 95 cr being the prior period income shown in the account of AY 14-15.

In my opinion, AO can not re-assess the book profit of AY 13-14 on the basis of prior period income shown in AY 14-15

friends i am residing at chennai and going to write cpt on December so i am planning to join any academy for coaching... so please any experts or any students guide me to join, who have joined any academy which is best in teaching please comment which is the good academy.... i have searched about ks academy in mambalam is it good... please say...

I wanted to ask that what will be the tax treatment of compensation received from court on road accident of a person and it was a temparory injury??will it be taxable or non taxable?

My friend has a petrol pump & he wanted to submit his return for the first time in financial year 2013-14.His total sales for the year ended 31-3-2014 almost 4 crores,but he earned commission from IOC 10.76 LACS.Is it required to done a tax audit for his accounts based on the gross sale?

hi can ca final be completed through self study.If yes then plz suggest books & tips

hi
i am ca ipcc student (cpt route).i am in a
dillema in planning what type of firm should i apply i.e big fours/medium/small. i mean in which of these above will i be able to learn more,in the sense i am keen on getting into management side of a mnc and not taking up practice thats why i have also enrolled for cs executive . so could any of u please suggest me some firms.and the city in which
i am is bangalore

please guide me fixed asset age classification

Dear Sir
I have started my articleship from 10.03.2012 and take a transfer on 22.08.2012 and therafter i have joined another one ca firm from 04.01.2013 plz tell me as i am eligible for November 2014 and May 2015 attempt .

Thnks in advance

Regards

Rahul

If there is a common mediclaim policy for individual and his son (dependent) then can one take the advantage of sec 80D? How?

Sir,
While filing the return of AY2013-14 I have written the wrong TAN of party as a result the IT dept. has not given the tds credit.How can I claim that tds? Can I claim it in AY2014-15 return ?
Another party has submitted tds of AY2013-14 in FY 2013-14 and it is reflecting in 26AS of AY2013-14. Can I claim it in return of AY 2014-15? If not how to get both the claims?


Please reply ASAP.