Dear Sir/Madam,

Does a Supreme Court Judgement have retrospective effect? E.G. can a Supreme court judgement of 2014 be quoted in a case of say Assessment year 2010-11?

Please refer a relevant case law or any legislation.

Is there any amendments in audit applicable for May 2014 exams as there is no notification on ICAI website for this?

Can a company invest its cash in Fixed Deposits or equities. Are there any extra formalities or tax laws regarding these?

And does it needs to be a part of the objective in MOA?

sir, if an employee purchase some stuff for the company and company pay him back for the same later, wil it be treated as a unsecured loan from employee to the company?... Or how can it be treated?

I did not fill my exemption in the Examination form (slipped my mind)
now I have some Questions...
1. Do i have to 'give the exam' OR 'absent it' for the exemption to automatically validate?
2. What if I gave the exam? And
(a) I scored less. Would the newly scored 'less' marks will be valid or the marks scored in Exemption?
(b) I scored more. Would the newly scored 'more' marks will be valid or the marks scored in Exemption?

Read more at: https://www.caclubindia.com/forum/exemption-query-for-ipcc-may-june-2014-291229.asp

Dear Experts, i want to know the provisons of Tax audit. if an assese is laible for tax audit in Fy in which its turnover was 1 crore bt if its turnover in next FY reduces from 1 crore, will he b laible for tax audit for the next FY

Dear sir, As we know campanies act, 2013 is applicable w.e.f. 1-4-2014. Can we apply its provisions in the financial year 2013-14 ??

Dear Experts, i want to knw if an assessee whoes turnover exceeds 1crore then he is liable to Tax audit but if subsequently his turnover gets reduce from 1 crore in next Financial year then also will he b liable for TAX AUDIT or not??

Whether newspaper Allowance , Telephone Allowance, Uniform Allowance are Taxable or Exempted Allowance for the financial year 2014-15??

And If yes to what extent??

Please guide!!

Thanks

Sir/Madam
When i enter more then 4 digit in the column of "Exempt income for reprting purpose only" in ITR for A.Y 2013-2014 its not shown.
How I write if my exempt income is Rs. 25740.00/- ?