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prerna
08 June 2014 at 09:37

Idt case laws

Is there any easier way to memorise IDT case laws or does anyone has a chart or summary helping me with the same


prerna
08 June 2014 at 09:07

Section 11a

what is exactly extended period of limitations under section 11A of central excise act?


Gaurav
08 June 2014 at 03:42

Direct entry for ipcc

Hi friends I am B . com graduate and have secured 54.79 % so can I join ipcc?


Dilip Mistry

Hi Experts,

I have the following questions and would like to have the answers from all the experts:

1. Is it really important to disclose the saving account interest while filing ITR1 (considering I am a salaried person). What if I do not (negative consequences)?

2. In case it exceeds 10,000 , do I need to update "Schedule TDS 2" section? My bank did not deducted any amount on the interest and I dont see any such deduction/entry in Form-26AS.


Thanks,
Dilip


Akshay
08 June 2014 at 00:17

Please help me choose

I am a b.com student now in 2nd year degree. I am very creative person that has inclined towards corporate world. I like to be in a creative environment, I like photography, drawing, I like to analyze things and interpret something out of it, I have observed that my solutions are on one side and else's on other, though mine work best for me and I know each one's work best for their selves but mine is a way different, I like maths but not the rules and regulation on it like integration or trigonometry like stuff, I can solve the most difficult practical problems though, I like physics but not biology or chemistry. I am trying to express myself to you by telling you my interests and disinterest. I want to be a professional but more then that I want to be happy with my overall designation. Is there something out for me?


amey pradip malshe

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?



Anonymous
07 June 2014 at 23:51

Bank transactions

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.


somanath
07 June 2014 at 23:00

Preapartion of gurop 2

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



Anonymous
07 June 2014 at 22:27

Dividend on calls in arrears.

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.


jagadeesh
07 June 2014 at 22:27

Income from stock market

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






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