Amit
This Query has 3 replies

This Query has 3 replies

12 November 2016 at 00:25

Exams

Hi everyone , How many attempt I can give for ipcc without re-register. I registered for ipcc..in feb 2014..


abhishek
This Query has 4 replies

This Query has 4 replies

12 November 2016 at 00:00

ITSM exam in Three days

My ITSM exam is on 15th I want exemption in that I have prepared very well. but I am not good at scoring high or planning well. Please suggest something to get exemption at any cost.


sherryl
This Query has 3 replies

This Query has 3 replies

Dear Sir / Madam,
I am a individual resident and tax payer of India. I file my returns regularly every year since 1995 and all my assessments have been completed uptill AY 2016-17 and refund paid to me.
I am a retired teacher and living on my savings income which is total slightly less than 5 Lakhs. Since 2013 I have been filing IT returns online to get me TDS refund. And my TDS refund has been credited to my bank account.
My query is in Feb 2014 I had withdrawn about Rs 1.4 lakhs cash to be paid to redeveloper of my mom’s building, she is very senior citizen 88 years old. But money could not be paid to redeveloper due to some issues with him and BMC authority. Hence my mom’s building redevelopment is pending.
The Rs 1.4 cash lakh withdrawls were from my own bank savings account by using cheque book issued by bank to me. My passbooks shows clearly all of these withdrawls with details. And I have listed these bank accounts in my ITR2A online form for AY 2015-16 onwards as required by IT authority.
All this cash is still with me and is in Rs 500 denomination notes which are no longer legal tender from 9th Nov 2016.
Can I deposit this Rs 1.4 lakhs as Rs 500 notes back into my bank savings accounts? Will it attract penalty and tax? Other wise this money becomes waste paper after 30 Dec 2016 and big loss to me.
Kindly guide me what is best way to proceed, since there is not of information which I do not clearly understand.
Regards
Sherryl


Tammineni Bhanu
This Query has 1 replies

This Query has 1 replies

11 November 2016 at 13:08

Articleship

What are the consequences without send the stamp seal of auditor on form 103 for articleship to the Icai but Singed by the auditor.is there any problem or not? And also suggest me what steps are to be taken to resolve such problem.please send to my email answer for that .


Bhavna
This Query has 3 replies

This Query has 3 replies

10 November 2016 at 09:22

Demonetisation of 500 & 1000 notes

My dad has a business dealership based entirely on credit. now with the demonetisation, all the retail suppliers have purchased the goods and deposited cash totalling to a crore altogether. what is the procedure to deposit it in the bank? VAT input is applicable on the product which is being paid duly.


pranjit dutta
This Query has 1 replies

This Query has 1 replies

10 November 2016 at 00:58

Demonetization of 500/1000rs notes

Dear Concerned , My mom who is a housewife, and looks after the Rent (landlady) matters of our Residential Propety has a cash amount of Approx 9.5 lacs of 500/1000rs Denominations saved over a period of 4-5 years. Currently she is a senior citizen and has a bank account as well with valid PAN details made prior 2years . However she has never filed income tax returns. Now when Modi Govt has done demonetization , my Mom is liable to deposit the amount in her Bank Account. However as the amount is More than 2.5 lacs and also not disclosed in the IT return (not filed) , she is likely to attract huge penalty chages . Kindly suggest a suitable solution to the issue.


pranjit dutta
This Query has 1 replies

This Query has 1 replies

10 November 2016 at 00:52

Demonetization of 500/1000rs notes

Dear Concerned , My mom who is a housewife, and looks after the Rent (landlady) matters of our Residential Propety has a cash amount of Approx 9.5 lacs of 500/1000rs Denominations saved over a period of 4-5 years. Currently she is a senior citizen and has a bank account as well with valid PAN details made prior 2years . However she has never filed income tax returns. Now when Modi Govt has done demonetization , my Mom is liable to deposit the amount in her Bank Account. However as the amount is More than 2.5 lacs and also not disclosed in the IT return (not filed) , she is likely to attract huge penalty chages . Kindly suggest a suitable solution to the issue.


pranjit dutta
This Query has 1 replies

This Query has 1 replies

Dear Concerned , My mom who is a housewife, and looks after the Rent (landlady) matters of our Residential Propety has a cash amount of Approx 9.5 lacs of 500/1000rs Denominations saved over a period of 4-5 years. Currently she is a senior citizen and has a bank account as well with valid PAN details made prior 2years . However she has never filed income tax returns. Now when Modi Govt has done demonetization , my Mom is liable to deposit the amount in her Bank Account. However as the amount is More than 2.5 lacs and also not disclosed in the IT return (not filed) , she is likely to attract huge penalty chages . Kindly suggest a suitable solution to the issue.


Naveen agarwal
This Query has 1 replies

This Query has 1 replies

09 November 2016 at 15:13

500 &1000 notes in bank

we as business man can accept above notes and deposit in bank and till what time frame. pls adv


Neha Sharma
This Query has 2 replies

This Query has 2 replies

09 November 2016 at 14:31

Simple query...

My brother is in noida... He wants to send or transfer money. if we accept the transfer in our account then we have to show it as loan from him while return filing. What is the option available with us so that transfer can be made and above situation does not arise.






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