vijaya seksaria
17 May 2014 at 09:28

Head under which taxable

If a part of a building is let out for commercial purpose and a part is being used for doing business, can the whole income be shown under the head Income from Business/Profession simultaneously claiming the benefit of depreciation and other expenses on the whole of it?


Guest

I have completed CA in nov.13 till yet i am not doing job. I have decided to do M.com, but there are 3 options.
1) M.com (Finance&Taxation)- Under ICAI & IGNOU MoU.

2) M.com (Accounts&Business Statistics)- Almost all subjects are similar to CA, so revision of what i studied in CA.

3) M.com (Econimics&Financial Management)- Focusing on Banking and Finance.

Please tell me with reason which is good?
Thanks


Kausik Ghosh
17 May 2014 at 02:33

A.o jurisdiction

i am a salaried person working in a firm.this year i have got transfer to a location far away from my present location.now please tell me if i am being intimated regarding assesment of my previous ITR by IT dept and asked for verification to local A.O should i contact A.O of present location or transferred location?as per my PAN card the jurisdiction A.O is of present location.but as i will switch over to my transferred location within 7 days it will be difficult for me to contact A.O of present location if required.please guide?


Ashish Kumar Patnaik

after one year he is going to be senior citizen but as per income tax registration he is just 35. then how slab rates will applicable.. as per it or as per pan card.??



Anonymous
17 May 2014 at 01:18

Ca-final exams

Hello

I have appeared for CA-Final exams in Nov-2011 and after that because of personal problems I could not appear. Now for Nov -2014, I want to appear for the same again. Is again registration required? What procedure I have to follow. I am under PE-II scheme.

Thanks in advance.


C R Chowdhury
17 May 2014 at 00:50

Intimation u/s 245

I filed for manual returns for A.Y. 2009-10 and now I am retired. I had an outstanding tax demand of Rs. 48,450/- generated for A.Y. 2009-10 which I saw in July 2013, although I paid all the taxes in that year. Form 26AS for A.Y. 2009-10 showed no TDS. I wrote an application to my jurisdictional A.O. on July-2013 to nullify the outstanding tax demand and I enclosed form-16. Form-16 for A.Y. 2009-10 had eleven entries amounting to Rs. 37,947/-. I guess that additional amont of Rs. 10,503/- is interest due on Rs. 37,947/-. After the A.O. received the application, he queried my then employer asking him for the TDS certificate and copy of the tax challans for nullification of the outstanding tax demand. Meanwhile, I also asked my employer to correct the entries of my TDS for A.Y. 2009-10. Now when I checked the Form 26A.S for A.Y. 2009-10, I can see three out of eleven entries amounting to Rs. 25,447/- present in form 26A.S. My employer also informed me that he has sent the TDS certificate and challan copies to the A.O. After all of this, the outstanding tax demand was not nullified and I got an intimation u/s 245 from Income Tax Office which has adjusted refunds of Rs. 8,023/- for A.Y. 2013-14 against the outstanding tax demand of A.Y. 2009-10. I have 15 days to contact my A.O., else this adjustment will be treated as final. I wrote another application to the A.O. and when I called him today asking about action he has taken, he tells me that because of elections, the internet is blocked and there is nothing he can do before the end of month. He also told me that since all the entries of Form 26AS for A.Y. 2009-10 are not matching, he can not do anything. What should I do in such a case? I contacted CPC helpline and they say that only A.O. has to be approached in such a case.


Aashi
17 May 2014 at 00:32

Exemption

Sir, I filled both group exam form but i am only prepared for first group of ipcc. In my situation ,it is necessary to give both group exams for getting exemption in any subject of first group ? If i m not giving second group exam so i m not getting any exemption in first group ??


huzefa patrawala
16 May 2014 at 23:53

Transfer

sir I wanna take transfer from my firm but my principle is asking me to refund my stipend ie he says that according to institute he has to pay only 1000 n nw he pays me 5000 so he is asking to refund 4000 n only then he will give me transfer ..... I have worked 9 months n m poor guy can't pay him that much but I wanna join another firm so plz can u'll help me


riddhi
16 May 2014 at 23:33

Information technology

Can anybody help me with important questions of IT in IPCE May 2014 exam.urgent



Anonymous
16 May 2014 at 22:04

Articleship

NOW WITH JUST ONE MONTH LEFT FOR COMPLETION OF ARTICLESHIP, MY PRINCIPAL IS THREATNING ME THAT HE WILL TERMINATE ME FROM OFFFICE, PLEASE HELP ME WHAT I CAN DO IN THIS RESPECT AND WILL ICAI FIND A SOLUTION FOR THIS






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