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Easy Office


Murtaza I Bhagat
09 August 2009 at 10:06

How to file return of Insurance Advisor

I want to know sir/s that If an advisor of any Insurance Company and he/she gains any commission on their Receipt of Premium.
1) which ITR we have to Select for it ( I think ITR4 is for it)
2) How to fill the form of ITR of (a. Gross Receipt of Premium b. Total Commission which they Received c. TDS deducted on Commisssion from 16A.
3) can we Prepare Balance sheet for it and can we show the Expense of it in that Balance sheet.
4) No other income
Pls help me in this matter urgently
Thanks in Advance


SUNNY SEHGAL
09 August 2009 at 02:20

Learning

Sir,can u plz tell me what are the things which i should learn before articleship to become a good CA.


Daksh

What is the due dates for Tds payments and what is the actual date for Tds Return? Pls kindly help me.


Bhavya
08 August 2009 at 23:00

capital gains tax on hose property

Mr A has booked a flat with the builder 3 yrs back i.e 2006 nd got possession 1 yr back i.e 2008
whether the period of three years for treating as a long term asset should be counted from date of payment to builder or date of possesion of flat for working out capital gains tax on sale of said property ??
Plz can ny1 help me on this topic...


Rahul
08 August 2009 at 22:10

Firm Related

There is a partnership firm X that has branches all over india and it has 8 partners...there is another firm Y which is a very small firm with near nil busines and all the spouse of X are partners in Y.If all the shares of Y are sold to any other private limited company at astronomical price by the shareholders of Y..what questions can be asked regarding this sell at inappropriate price or sell at very high price without any busines!


CA. Jyoti Baid
08 August 2009 at 22:02

Audit Report of NBFC

Hello
As per the master circular of RBI dated 01.07.2009, the auditor of NBFC COMPANY has to give a report to the BOD in addition to the auditor report given under the companies act.
whether this report is part OF THE AUDITORS REPORT or it will be a separate report
Regards,
Jyoti Baid


kuntal dave
08 August 2009 at 21:40

Non filing of return

An assessee having income from business has not filed returns for past 4 yrs. He did not have taxable income in all those 4 yrs.
Now he wants to file return for AY 09-10.

Is he required to file return for all those years or only for current year.
and is he liable for any fine


kuntal dave
08 August 2009 at 21:31

Refund in case of Belated return

Can an assessee claim refund if he files belated return within the time limt prescribed u/s 139(4)


VIJAY KUMAR SHARDA
08 August 2009 at 21:19

INCOME OF THE DECEASED PERSON

MY CLIENT ( SENIOR CITIZEN ) IS IT ASSESSEE HAVING FIXED DEPOSITS WITH BANKS, INVESTMENT IN NSCS, KVPS, ETC., EACH YEAR HE IS REPORTING THE INCOME THE SAID DEPOSITS AS PER THE ACCRUED INTEREST CERTIFICATE OBTAINED FROM THE BANK. INTEREST IN RESPECT OF NSCS & KVPS IS REPORTED AS PER THE TABLE GIVEN IN IT READY RECKONER. HE HAS ALSO INVESTED IN FIVE YEAR TAX SAVING FIXED DEPOSITS IN BANK U/S 80-C OF THE I.T. ACT DURING FINANCIAL YEAR 2007-2008 & 2008-2009. THE ABOVE SAID DEPOSITS WILL MATURE AFTER 3 TO 4 YEARS. NOMINATION FOR THESE DEPOSITS HAVE BEEN MADE TO THE DIFFERENT FAMILY MEMBERS LIKE, WIFE, SON, DAUGHTER, DAUGHTER IN LAW AND GRAND SON ETC.,
HE EXPIRED ON DT; 20-11-08. MY QUERY IS IN WHOSE A/C THE INTREST FROM THE SAID DEPOSIT SHOULD BE REPORTED AFTER HIS DEATH? IS IT NECESSARY TO OBTAIN TWO CERTIFICATE FROM BANK IN RESPECT OF ACCRUED INTEREST ie., FROM 1-4-08 TO 20-11-08 AND FROM 21-11-08 TO 31-3-09.
CAN WE CONTINUE HIS I.T. FILE TILL THE MATURITY OF THE SAID DEPOSITS?
CAN NOMINEE PREMATURELY CLOSE THE TAX SAVING DEPOSIT? IN SUCH A CASE WHAT WILL BE THE POSITION OF EXEMPTION CLAIMED U/S 80-C BY THE DECEASED DURING THE PREVIOUS YEARS? THE BANK WANTS TO DEDUCT TDS ON THE SAID DEPOSITS. CAN NOMINEE FILE FORM 15-G ON BEHALF OF THE DECEASED?


aprajita
08 August 2009 at 21:12

trial balance

about trial balance