I was preparing final statements of a firm and found out that cash in hand is negative in tally. What is to be done? Because of which my balance sheet is not getting tallied. And my liabilities side is short by the amount that is negative. can negative Cash in hand be shown on liabilities side ?

A father is a retired person whose son is in job in a foreign country. The son is sending money in indian currency in his father's bank account.(as unsecured loans. given by son to his father) In previous i.t. returns of father, no any expense of interest on such unsecured loans from son, is shown. But now, in the f.y. 2013-14, as the taxable income of father is more than the exemption limit, can the father claim the deduction of interest on such unsecured loans by giving the son the interest on such loans and showing it in return?

My query is that can an assessee invest capital gain amount on his son's name?

Assessee has Capital Gain amount deposited in Capital Gain A/c , can he/she buy a new house on his son's name to invest capital gain and get exemption under sec 54 ?

Assessee sold a land for Rs. 28 Lacs for cash. But for the purpose of stamp duty,value of property is taken at Rs. 38 Lacs.

Assessee want to claim exemption under section 54-F by purchasing the residential unit.

What amount (28 Lacs or 38 Lacs) should assessee invest to claim full exemption under section 54-F?

I have to pay 8500usd$ for remitance to foreign company at nepal for single invoice. Instead of 8500usd$ i uploaded 5800usd$.can I now upload form 15CA for remaining 1700usd$ for payment against same invoice.
can i uplaod two form 15ca for single invoice on same day.

I have to pay 8500usd$ for remitance to foreign company at nepal for single invoice. Instead of 8500usd$ i uploaded 5800usd$.can I now upload form 15CA for remaining 1700usd$ for payment against same invoice.
can i uplaod two form 15ca for single invoice on same day.

Dear All,

For making Foreign Remittance we had filed Form 15CB (online) but now we come to know that the Bank Name written in Form 15CB filed online was wrong & remittance required to made is from other bank.Now what can be done to revised or cancelled the Form 15CB. Can we file fresh Form 15CB without modifying the already filed 15CB (online)?

Please reply urgently.

my articleship qas terminated with effect from 10th march 2014, if I register for articleship today, am I liable to pay any fines or do I have to undergo any other formalities ??

Q. a company hire contract labour for construction ,then it is covered under Reverse charge in service tax because of man power supply or works contract?

I HAVE RECEIVED JOB WORK AMOUNT FOR RENDERING
FEASEIBILITY STUDY FOR INSTALLATION OF SLAG CRUCHING & SCREENING PLANT. UNDER WHICH INCOME HEAD WILL IT COME AS PER INCOME - TAX HEADS.

FROM KISHORE KR. KOSHI