krupali
13 November 2016 at 19:26

saving a/c

how many time we can deposit rs.49500 in saving a/c. without pancard


Mayur

i am employee as accountant. now we have cash in company lockers approx 15000( 500 rs & 1000 rs note) .if i deposit this cash in company current account then what should i do? bcz bank ask my id proof? is there any problem when i show pan card bcz this is not my money it is all company...what shall be taken care in this. i dnt what this account in my pan card... which procedure involved in it..authorisation etc


TANVI
11 November 2016 at 22:45

property tax

what is property tax? who is liable to pay property tax? what is the due date to pay property tax for the year 2016? in case a person sold his property in October 2016., is he liable to pay property tax, if yes when and at what amt? please guide..


Dharmesh
11 November 2016 at 16:44

cash deposits in excess of 2.5 lacs

Dear Sirs, Just out of curiosity want to ask this that suppose a labour class person who earns in cash an amt of 2lacs (all proofs available) and spends 1lac out of it..thus say for past 4 years he has 4 lacs with him , now as I've  read on all posts he will be left stranded to the amount exceeding 2 or 2.5 lacs.. Now my question is why can't the arguments be that its an individual's wish whether he wants to keep cash with him or deposit in bank. Secondly since the income was below the taxable limit ITR wasn't filed. And lastly say the person never opened a bank account so there was no qurstion of depositing the same. Or will all such explanations will be just quashed by the AO straightaway.


Anmol Singla
11 November 2016 at 16:03

Regarding deposit of cash

Dear experts; my father income is below 2.5lkh Per annum. But we have saving up to RS.3lkh in hand. how can we deposit this. can I deposit some amount in my account as I am above 18. if so then how much money can I deposited.


Swarup Datta

Sir,
I have approx Rs 5 lac in 500 & 1000 currency note which was kept for emergency requirement. Can i deposit it into one bank account?
Also I have 4 nos of bank account in different bank like ICICI Bank, HDFC Bank, SBI, etc.; (all have same PAN and KYC document)
Can i deposit the same in my 4 different bank account?
Is there any taxation problem will arise?


Mohammad
09 November 2016 at 21:46

Deposit in respective Bank ac limit

what if some one had a cash of Rs 10 lacs of old denomition how to deposit in Bank ac to be on safe side from Income tax perspective?


Prakash Tripathi
09 November 2016 at 17:49

currencies

How much can be brought 500 & 1000 from outside India ?


Ashish Jain
09 November 2016 at 16:51

Status of ohd from current sale proceeds

Dear Sir,

I am a shopkeeper based in Delhi. I am selling sarees and dress materials. I have a daily estimated sale of about 250000 (Two lakh and fifty thousand only) mostly in cash. Ever since this notification of discontinuation of old 500 and 1000 notes we are experiencing a huge rush at our store. I want to confirm that as per the notification would I be able to deposit the current cash sale proceeds (in form of old notes) in our bank account till 30/12/2016 or not. As per our tax consultants we can deposit OHD notes in our bank account only if we are having cash in hand in our books prior to 08/11/2016; if there is any OHD cash generated post 08/11/2016 it won't be treated as legal tender and henceforth will be rejected from our books of accounts at the time of assessment.

Kindly advise against the above query immediately and oblige.

With best Regards

Ashish Jain



Anonymous

I am a student planning to pursue this course and need the following information :

1) ROC related work such as incorporation of companies/LLP,etc (using his membership number from Institute of Cost Accountants of India - ICAI for submission or certification of documents)

2) Concurrent/ stock audits /revenue audit / with Public sector Banks.

3) Statutory audit for GST, VAT (for all states in india), etc.

4) Representation of assessee for income tax upto tribunal including matters related to scrutiny, drafting of appeals,etc

5) Certification for various matters with authorities such as export licences,etc

6) Preparation and submission of CMA data / Loan financing project with Banks.

7) Is there any scope of this profession beyond India without any further qualification?

Thanks in advance.






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