If ITR-1 for AY 2011-12 & 2012-13 filed on in the month of march 2014 then section to be quoted u/s 139 (1)or (4). Will it be treated as belated returns?

MY FATHER AGE 82 YEARS
OWNS A RESIDENTIAL PROPERTY:
PLOT SIZE 4500 SQ.FT
PURCHASED IN 1961 AT RS 1000.
HOUSE 1000 SQ FT
BUILT IN 1962 COSTED RS 2000 FROM OWN FUNDS
NOW WE ARE INTENDING TO SALE THE PROPERTY AT RS 45,00,000
WHAT WILL BE THE TAX IMPLICATION

Hi friends, pls guide me how to clear icwa final both group without attending coaching class. Pls suggest me topics frm all the sub ( syllabus 2008 ). Am waiting for your guidance.

can service tax paid by factory on gta service under reverse charge claim it refund or adjust with excise duty payable or has no treatment(no refund or adjust) pls give ur valuable advice....

if the turnover is below 1cr the income declared should be higherthan 8%.

As per the regular books of accounts maintained:
(as per the profit and loss account)
my total turnover is Rs.75.00 lakhs
Expenses before dep dr to P&L Rs.(68.05) Lakhs
Depn on computers debited @ 10% (Rs.0.80) Lakhs
(book value 8.00 lakhs)
Net profit as per P& L Rs.6.15 Lakhs
(after all the expenses and dep debited to P&L)

Question:
In statement of Income computation sheet
Net Profit Rs.6.15 Lakhs
Add: Dep @ 10% dr Rs.0.80 Lakhs
--------
Rs.6.95 Lakhs
Less : Dep allowed 60%Rs.4.80 Lakhs
--------
N/P chargeable to tax Rs.2.15 Lakhs

whether the section 44AB is applicable because the ultimate N/p rs.2.15 Lakhs falls below 8%.
or
44AB does not apply because the n/p as per P&L Rs.6.15 Lakhs is 8.20%

can i submit the above return without 44AB.

I am giving my ipcc attempt in may 2014. I am referring to Surbhi Bansal's book for auditing, and Munish Bhandari's book for Law, ethics and communication. Can you suggest any better books for me or should i continue using these books?

I am engaged in manufacturing business and having central excise registration. I receive the labour through contractors for various works like packing and other processes related to manufacture of excisable goods. The services of such contractors would be covered under which service- manpower supply or works contract?

PLEASE TELL ME 1.AUDIT REQUIREMENT 2.CAN I FILE LOSS RETURN IN MARCH 2014. ======================================== MY PARTNERSHIP FIRM INCOME ======= 30000.00 FIRM CONTAIN A PROVISION THAT BOTH PARTNER SHALL BE ENTITLED FOR SALARY OF 10000 PER MONTH AND INTT 12% ON CAPITAL POSITION IN BOOKS ========================= RECEIPT 30000.00 lESS PARTNER SALARY 240000.00 lESS:- INTT 50000.00 =============== AS PER BOOKS LOSS 260000.00 =============== AS PER TAX POSITION ===================== RECEIPT 30000.00 lESS INTT 50000.00 lESS-PARTNER SALARY 150000.00 =========== LESS IN RETURN 170000.00 ============= CONFUSION ========== 1. AM I RIGHT OR WRONG IN ABOVE WORK 2. I HEARD THAT IF I WANT TO FILE LOSS RETURN AS ABOVE THEN AUDIT IS MUST firm is professional firm and covered under technical consultancy. I think 44ad not applicable. firm net profit is 30000,before partner remuneration and interest. if I debit interest and remuneration then in loss . my friend said in case of loss tax audit is mandatory

what is articleship on loan staff agreement means. is this is same as secondmnt n also wht are its drwbacks n advantages..?? N WISH U ALL A VERY HAPPY HOLI

If an individual gifts a property to HUF , which he purchased with the sale proceeds of an immovable property which he got through inheritance, what are the tax implications and do clubbing provisions apply ?