Respected Sir/Mam,
I am the student of ICAI writing this mail to basically ask and clear my doubt about single entry question asked in the recent paper of accountancy ( ref.- may 2014 IPCC).
The provision for tax in single entry is considered to be personal expense for properitory business. But in the current exam paper (may2014-IPCC ACCOUNTING)provision for tax,opening and closing balance is given and rate of tax is also given. But as per the solution given by institute , provision for tax is considered to be the business expense. So I am requesting you to give reply whether the treatment is correct or not? Is it a correct treatment?

Hi Everyone,

I am a CA final student ongoing my final year of articleship, I do a lot of online transactions for shopping and all my last year had total transactions of about 3 Lakh worth transactions and this year from Jan to May I have about 5 Lakh worth of transactions. I dont get any stipend, CA in my office is telling me to file my IT return since i have heavy bank transactions and may get a IT notice regarding the explanation of the transactions.
Most of transactions are online purchases and E-TDR's which I renew per 10-20 days.
I dont want to file a IT return since I dont have any Income.
Do I need to file my ITR because i have heavy bank transactions, how much bank transactions can be done through a saving A/c without being getting into the eye of IT officials.

One more thing I havent linked my PAN to my bank a/c. I submitted them many a times for updataion of my KYC but they just dont update the PAN details. Since i do TDRs which mature every 10 days worth around 10-20k will I need to update the PAN, will I get my interest deducted an additional % in that case. I usually get about Rs. 120-200 as the TDR interest.

sir ,
i want to prepare group2 account ,itsm,and auditing on my own if possible to prepare i am tuslian for acounts,padukas for auditing,it for icai book

Data is as given below :

Called up capital - Rs.10,00,000/- (100,000 shares of Rs.10 each)

calls in arrears - 15000 (rs.3 each for 5000 shares)

thus paid up capital being 985,000/- only.

dividend proposed and declared is 10%

what should be the dividend amount payable.??

Please Clarify. Thanks in advance.

whether the income earned from the stock market is liable to tax

is it need to get minimum marks in both it and sm.?

I am doing my 12 I am thinking of doing CA I want to no whether CA of India is best or CA of UK which has great scope

will school of open learning give new id card in next year or not?
plzzz reply....

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Sir,
I have received an intimation for refund held due to want of IFSC code. I was informed to apply for refund request. But till now I have not received US 143 notice for AY 2013-14. Hence I dont have the communication reference no and refund sequence no. On my website my us 143 notice is showing as processing. Upon several calls to CPC toll free number I am being informed that I will be receiving the same soon. My return was filed on 25/09/2013.Please guide so as to get my refund by the earliest.