Hi Experts, During articleship due to excess leaves Extension period is 166 days which has been started from 15.10.2013 and to be completed on 29.03.2014. The doubt is as to how many leaves are allowed under this exetnsion period served. whether same provisions i.e. 1/6th of total periof served concept applicable or not?

if I ' ve 2400000 profit in my company in profit net profit is 700000 & remuneration profit is 1700000 then what .will be the income tax

my client filed the return for A.Y. 2013-14. he claimed for 100000 in sec 80 C and 10000 in 80 TTA (under chapter VI). now he received an order disallowing the 80 TTA deduction of 10000.
the order said deduction allowed under chapter VI 100000. (instead it should be 110000, according to my knowledge). please guide me in framing the appropriate reply for the said order.

If a tribal wife gives cash gift to her husband ( non tribal) then whether income generated from gift is taxable or not

i want to know the treatment of days wastes in searching articleship in case of transferring. i have taken termination on 20 feb and join on 1 march in another firm. how icai deal with period of 21-28 feb .. as holiday or extend my articleship.. my completion date is 25-10-2016. please help.. thanks in advance..

Do Professional Tax is levied on Practicing Charetered Accountant.?

Thank You.

Dear Experts,

I have received notice from the Office of IT Officer under section 274 with 272B of IT act. Can you please confirm if I should be reporting to IT dept/officer 'in person' with the required docs(Org pan card and ACK forms).
In my IT return ACK form the PAN card no entered is correct but still I have received this notice. How can I prove my innocence here? Please help.

Regards,
ET

Dear Experts,
A Sole proprietor firm running a Trading Business..he has got unaccounted Rs 15 Lacs cash...i want to know the legitimate ways to make it into White..?

Thank You.

Dear Sir,

One of our client have sold home in AY 2012-13 and invested money in another flat, he has given money for bookings. Now today his deal got cancelled.

SO what would be impact ???

If he purchases another home then deduction under section 54 is available or not ??

This is genuine case but as i interpreted the law , as per my view no deduction will be allowed and he have to pay tax on capital gain on which earlier deduction has been taken.

Please guide me.

Thanking you in advance.

If query is not understandable manner, then i will re write it. But please give reply experts.

Best Regards,
CA Ankur Mehta
+91 94283 19758.

Dear Sirs,

My mother expired a month ago and I have to file her Income Tax Return for FY 2013-14 (AY 2014-15). However, for filing the Return, I must be registered as a legal heir on the Income Tax Website.

To register as legal heir, the main document required is a "Legal Heir Certificate". I need a "Legal Heir Certificate" only for filing of Income Tax Return. Kindly guide me as to the easiest procedure to obtain this legal heir certificate in Mumbai.

Secondly, we are 4 children and the other 3 do not have any objection to my obtaining the said certificate.

Your guidance will be highly appreciated. Thanks.