Hi,

Do the individual need to get audited under section 44AB in the following cases?

Case 1- An individual have invested more than 1 crore rupees in the share market through a broker.

Case 2- Net sale value of this individual is more than 1 crore. (Net sale value=Sale Value - Purchase Value).

After doing some reading i have noticed that the above individual need to get audited only if this trading is in the nature of business otherwise gains from the sale can be taxed under the head Capital Gains.

Under what circumstances this trading of shares in share market through broker will be considered as business?

Hi

I am working as a Sr Manager in a company and i was planning to open a new business and for that i planned to register my company as a proprietor . My CA register my company and also applied and generated Service Tax ID .As per him i am liable to file tax return and everything but somehow i did`t start my business ,that plan has been cancelled .Still i am working as Sr Manager . I want to know about my service tax registration , How i can cancel that and If my CA has cancelled that how i can verify that .

Please i need answer of this question .

Thanks

sir/mam,
in sec44AA it is specified that for specified profession maintenance of accounts is necessary , if the gross receipt in all the 3 preceding years exceed 150000 ,what will happen in case if profession was started 2 years ago

difference between pledge , mortgage and hypothetication

1) Can the sale proceeds of a residential property be invested partly in bonds and partly in purchase of another residential house in order to save tax on long term capital gain.

2) If yes whether the whole of the sale proceeds have to be reinvested.

3) If not then what part of sale proceeds is to be invested to save tax and what about the remaining part. Is it to be kept in savings account and will it be non taxable.

I didnt filed my ITR of A/Y 2012-13.
There is an option of A/Y 2012-3 when I login to income tax website.
Can I submit my return till now?
And under which section should I file my return?
Please reply as soon as possible. Thank you.

Can a CA principal force or bound to Article trainee for serving in to their office, when article has successfully completed his training ?

Dear Sirs & Friends,

Our company has booked a stall with AEPC (Apparel Export Promotion Council), It is a government organisation, my question is whether we are supposed to deduct TDS U/S 194I on the payments made. Please clear my doubt. Is it ok if we deduct TDS from payments made to Government organisation. Please help to clear my doubt.

Dear Expert,
I have made payment to foreign supplier but bankers wrongly transferred in USD instead of EURO currency. Supplier received payment in USD
Is there any issue?
How to resolve this issue?

Kindly help in this.

Regards,
Sabarish

I have got a letter from icai stating my provisional roll no. for ca final may14 exams.However it mentions that I have missed darkening the circle in point no.8 regarding articleship eligibility etc. Which infact I have missed.I am terribly scared.It asks to inform the status of articleship,but how to inform is not mentioned in the letter.Regional office is to be contacted.They write they'll confirm my roll no. when they get a confirmation,but how am I supposed to inform them??i am serving my last 6 months of articleship,so I am clearly eligible to sit for the exam.I just want to sort it asap.Plz suggest.