if a person has been filing returns since (any no of years)..and if he doesnt file his return in this year or coming year...becoz he has not taxable income..(income does not exceed the exemtion limit)...he is individual....then it is ok with the dept...can he continue return filing in next year ,if he has taxable income...generally c.a's dont tell this to clients and they r not aware of this fact..and next then what happened to his capital a/c and bal sheet for that year in which he is not filling the return ...how the below exempted incone can adjust in capital a/c bal sheet....

Kindly clarify i am earning monthly 150000/- salary from my salary deducting 30 % TDs. For consultant tax rate 10%
Which one better for me as being consultant or salary hoder for tax saving please clarify in details urgently

An assessee wants to Revalue its land & building ( Bldg constructed in Aug 2009,Cost Rs 1.5 crores, Market Value of Land & buildig arround 3 Crores)
Can the Assessee Revalue ?
What is the Accounting treatment ? How depreciation is to be charged ? and what is the Depreciation for Income Tax Purpose ?

To all CAs
Sirs,
Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.

Now i am planning to file Return. My query is What source of income I have to show?
for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File

Please give me Good Advice for future to do the work professional ways and setup my own office.
Thanking you in advance.
Vikas.

What is Tax cedit statement (Form 26AS) as introduced by Income tax dept.? what is the use of being registered for individuals?

Experts please resolve my doubt in TDS
As the latest amendment in TDS is that rate of TDS is nil under Section 194 C with a condition that PAN of the deductee is compulsory. And failure to quote PAN will lead to levy of 20% on freight paid.
How to file return in this case

Whether to file NIL return even when we pay more than 50000 as freight?

Or

File the return specifying the amount paid as freight and the deductee details with rate of tax as 0 %(nil)

how much can b a opening capital for an ipcc student ?what type of income he can show if it is the first year of filling of income as generally we try to show fake income and also if he/she is indulged in articleship?can he/she get salary from his fathers company?

I have a problem when i create TDS Return there is massege that is Extension of Challan file should be csi and file could not create.

hi friends, i would like to know what are the various tax implications in case of cash payment for purchase of property ?

Sir / Madam,

Good Evening


My uncle is a salaried employee. he is a retired govt employee. & his pension is upto 13000/-. now he got a salary Rs. 35000 per month. he hasn't invest any amount in any securities/ plans or insurance. His age is now 75 yrs. pls tell some investment sources for him.


thanks