if any article take transfer in first year of article ship and could not send its form 109 to kanpur in four months from transfer and now he send form 109 and 103 with penalty then will the transfer be valid or can attempt be late or not?

Dear Friends,
I had Property in India. I sold that & received money outside India in Foreign Currency. (i). Whether I've to pay income tax(if any) in India on that property transaction ?
(ii). Whether I can purchase any property outside India out of the amount I received on sale ? {In both the cases (a) after paying tax in India on such Sale, (b) After not paying any tax in India.}
Please Reply it,s urgent.

what will be the entry of rent received and rent payable entry

I was eligible to write Ipcc Nov13 examination as i had filled the examination form, but due to some very personal problem i wasn't able to give. Now I am eligible for May14,and i have also received my admit card.but few days back my lens broke inside my eye, while i was removing it, It was quite bad and doc advised me not to study nor to give exam as minimum one month rest is required. Well i really wanna give May14 exams but i dont think my eye will let me, as the pain is still there. My question to you is will i be eligible for Nov14 exams, as i have lost my two attempts and will it be counted as 3rd attempt or first.I am really broken up!!

Hi,
I have completed one and a half year of my articleship training from mumbai, now i wanna go back to my hometown jaipur. and i don't fall under any of the situation as per icai guidelines. My prinicipal is also agreed to it, can i take transfer on this ground. Please suggest.

Hi, I am in need of small clarification. I have passed the Group-1 of IPCC and registered for Article ship on 17thFebruary, 2012. Hence I will be eligible to write final exams in the month of November 2014. But I have not passed the IPCC Group-2 exams yet. I am writing the IPCC Group-2 examinations this June. The query is the results of the Group-2 Exams will be out by August. Will I be eligible to write the immediate final exams held in the month of November? Please help me out in this regard. Thanks in advance

What is the effect for noncompleation of GMCS1 in one year ?


Give me some alternatives....

Demand raised by Dept 51500.00 for short deduction in TDS (24Q) return for F.Y.2011-12
ON 27.03.2014.

But in my REVISED return i mention the correct pan no after that assesses get the claim.

I mail my query to the department and there reply is hereunder

Dear Sir/Ma'am,

Thank you for contacting us, it is our pleasure to assist you.

Your query related to PAN error default is acknowledged.

It is to inform you that the provisions of section 206AA apply at the time of tax deduction, which happens prior to the filing of statement. Thus, the deductor is expected to have a Valid PAN at the time of deduction. Only a typographical error is expected at the time of filing the TDS statement.

The demand in the hands of the deductors is being rectified in cases where the difference between the Invalid PAN and the Valid PAN is not more than 2 characters. This is being done in order to take care of the genuine typographical errors in data entry.

The rectification of demand in other cases is not done if the mismatch is more than two alpha characters & two numerics. Therefore, out of 10 characters in case of structurally valid PAN, 4 characters are being considered for rectification of demand.

Sir, basically i want to know their is any action or procedure in which i can get the
relief or rectify the demand.

pls suggest

Sunil Nijhawan
9254276276

Dear Experts, kindly assist me and let me know whether a chartered accountant in practice can become a director in a private limited company. and if so possible than what legal processor should be followed by him. looking forward to hear from you all soon.
Thanks & Regards

what is the difference between implied contract and tacit contract?