i have some confusion regarding following matter because as I have discussed the matter with different people , their views are different -
Some people say ( including practicing c.a and advocates) that if I am maintaining proper books of account and my turnover is less that audit limit, I do not need audit even if my net profit is less than 8%, Is it right?

Whether it is mandatory to get the due diligence certificate done by a PCS or the CS in service can get it done and sign

Dear Experts,

Suppose, I had Purchased immovable property in year of 2000 for Rs. 10 lacs, on which I had paid Rs.10,000 as stamp duty. However, in year of 2002 Stamp value authority calculate value of that property as Rs.12 lacs and therefore I had paid Rs.2,000 additional stamp duty.
Now, in case I am going to sale such property then what will be my cost of acquisition for calculation of capital gain, whether Rs.10 lacs+Rs.10000 OR Rs.12 lacs+ Rs.12000 ??

Thank you in advance

Dear Expert,

I am going to apply for PAN card of my wife. We married last year but there is no proof available in my wife's name because we shifted into another city.

I have rent agreement in my name as well bank account in my name but my wife doesnot hold any address proof in new city .

What documents required for her to apply for pan card.

Give me practical solution so that i can apply for pan card

respected sir,
i have started a new retail business on 01-04-2014.already my gross receipts have cross 10 laks .so as per sec 44aa of income tax act i have to maintain books of occunts for the purpose of determination of income.my gross receipts will not cross one crore and at the end of the year i want to declare my income under sec 44ad.now i want to know form experts that
point no.1.as my gross receipts crossed 10 laks i am liable for sec44aa
2.once i declare income under sec 44ad , sec44aa becomes inefective on me .
please discuss

I am working as an accountant in Punjab State Power Corporation Limited. Service Tax Return for the last half (from 1 apr 13 to 30 sep 13) is filled by advocate.I want to file the return for the next half (from 1 Oct 13 to 31 mar 14)himself. I have already registered with aces.gov.in.After logging into the ACES under RET module "file return" option is not displayed.Whether i can file the return himself.

Dear All please suggest whether to do 4 weeks residential programme or not conducted by ICAI. what r its scope of doing??, I meant how does it help in recruitments & all. is it worth to spend 40k while gmcs is just 6.5k & to go Hyderabad specifically as this program only available dere & no whr else???

We are, partnership firm, providing manpower to various firms & companies. Our clients vary from small ownership firm to corporates.

How to we charge service tax to our clients. Whether it is 12% for all or 3% for corporates and 12% for ownership firms.

Please clarify. Thanks in Advance

Respected sir,
I Pawan kumar is CA final student and my articleship ends on 20-09-2014. Luckily I cleared ibps exam and will be a employee of UCO bank after one month.
My problem is how i can complete my articleship along with my job.Plz give me legal solution.

One of my friend filed IT return through an auditor for FY 12-13 and FY 11-12. While filing return self assessment tax was paid and in the challan Assessment year wrongly mentioned by the auditor while paying the tax. Now IT has served the demand notice and later upone advise from auditor went to central cpc zone we submitted the revised return mentioning the fact. It was denied and mentioned that
THE ASSESSEE HAS SUBMITTED AN E-FILED RECTIFICATION REQUEST, TICKING THE CATEGORY - 'TAX CREDIT MISMATCH' BOX, UNDER THE CATEGORY - 'TAX
PAYER IS CORRECTING DATA FOR TAX CREDIT MISMATCH ONLY'. AS SEEN FROM THE E-FILED RETURN OF INCOME, FILED BY THE ASSESSEE, THERE IS A
VARIANCE IN THE TAX CREDITS CLAIMED & ALLOWED. THIS VARIANCE IS DUE TO THE NON-AVAILABILITY IN THE ASSESSEE'S ACCOUNT, AS PER FORM.26AS OR
INCORRECT ENTRY OF THE AVAILABLE TAX CREDITS, IN SCH.TDS/TCS/IT/DDT/FBT. HENCE, THE ASSESSEE'S REQUEST FOR RECTIFICATION, UNDER THIS TYPE,
CANNOT BE ACCEPTED. THE ASSESSEE IS REQUIRED TO VIEW THE TAX CREDITS AVAILABLE, IN FORM 26AS, IN THE 'MY ACCOUNT' TAB, AFTER LOGGING IN TO
THE WEBSITE http://www.incometaxindiaefiling.gov.in AND ENTER THE EXACT DETAILS, IN THE RESPECTIVE SCHEDULES, BY OPENING THE 'MY ACCOUNT' TAB
THEREIN AND SELECTING 'TAX PAYER IS CORRECTING DATA FOR TAX CREDIT MISMATCH ONLY', UNDER THE RECTIFICATION REQUEST TYPE. THE ASSESSEE IS
THEN REQUIRED TO GENERATE & UPLOAD THE RECTIFICATION XML. IF THE TAX PAYMENTS CLAIMED, ARE NOT AVAILABLE IN ASSESSEE'S ACCOUNT, AS PER
FORM 26AS, THE ASSESSEE HAS TO GET THE SAME CORRECTED BY THE BANK/DEDUCTOR AND ALSO GET THE CORRECTED DATA UPLOADED TO OLTAS/NSDL
DATABASE. THE ASSESSEE IS THEN REQUIRED TO FILE AN ONLINE RECTIFICATION REQUEST, BY OPENING THE SAME 'MY ACCOUNT' TAB THEREIN AND TICKING
THE CATEGORY - 'TAX CREDIT MISMATCH' BOX, UNDER THE REQUEST TYPE - 'NO FURTHER DATA CORRECTION REQUIRED, REPROCESS THE CASE'.

Need experts suggetion how to rectify this issue and file the revised IT return for FY 12-13.
Can any one advise.
Regards,
Anantha krishna