ANY CA FINAL STUDENT WHO HAVE COMPLETED HIS ARTICLESHIP CAN START HIS OWN PRACTISE AS A TAX CONSULTANT OR AS A INCOME TAX PRACTIONER .... IS THERE ANY CONSEQUENCES OF STARTING THE PRACTISE BEFORE GETTING QUALIFIED ....... COULD ANY ONE HELP THIS ISSUE ?i m not asking for attestation ...Pls throw some light on this

Dear Sir,

We'd sold a House Property in FY 2011-12 and invested the inflated Sale Proceeds in Tax Free Bonds by NHAI. In 26AS for AY. 2013-14 there is an AIR notings for the investments we made in Tax Free bonds of NHAI.
Please advise what I need to do in this context in my next Tax Returns due to be filed in July 2013?
Would appreciate your expert advise.

Many thanks and best regards...

DEAR SIR,
I HAVE FILE A RETURN IN 2010-11 AND REFUND WAS DUE ABOUT 3690/- BEFORE THE RETURN COME I HAVE CHANGED MY ADDRESS. AND THE REFUND IS NOT COME YET SO WHAT I HAVE TO DO NOW FOR CLAIM OF REFUND BACK ........

whether Pre-operating expenses of business is allowable as deduction or not? In Profit & loss no Income reflected only expenditure are there...

Dear All,
If an assessee has a capital gain in previous year on sale of property on the last day(i.e.31 Mar) and he has not invested in that year against sec 54. and paid tax on that.

I the following AY he invested the same money against Sec 54.

Then how can he claim and what is the procedure?

I received notice u/s 139(9)in which it says that there is negative profit in gross profit or net profit in schedule.

actually, my client incurred loss derivative of Rs. 12000 and i have shown negative profit i.e loss and in profit loss schedule, i have shown this loss under the head" Assessee not maintaining Books of Account" hence i did not fill profit and loss a/c and balance sheet.

Now, while responding to this notice, what should i do?

hello sir/madam,

i have a query regarding registration
for e -filing ...one of my close relative
got registered on income tax site of gov..through some one else ...but he does not know his password ...can he once again can get registered on that site.... and how plz advise ....

thanking you
with regards
himani gupta

Dear Sir/ Madam,
Now a days the Shriram chits and some other bankers are also asking to get the attestation of the auditor or the consultant on the income tax returns filed.

I would just like to know that weather is there any RBI Rule to be get attested or any other.

To my opinion as the Ack from the ACIT Department can not be attested by the ITO then how can a auditor or a Consultant can attest.

Please give a clarification. Is it really mandatory to get sign. on the ACK

I HAD RECEIVED INTIMATION FOR LATE FILING OF TDS RETURN FOR PAYMENT OF INTEREST ON TDS . SO FOR THAT I HAD REQUEST FOR THE JUSTIFICATION REPORT BUT RIGHT NOW I M NOT ABLE TO OPEN THAT FILE SO HELP ME OUT ,WHAT PROCESS I HAD TO FOLLOW?

in case of death of the proprietor on 16th august, depreciation claim would be allowed for half year or not ?
also, fdr interest earned till 31st march would be clubbed with the income of the executor or in the income of assessee and what about tds deducted by bank on such interest ?