a NRI & Resident of U.S. has earned Bank interest of Rs.1 Lakh in India.
Bank has deducted tax @ 30%.
he is going to offer Indian Income in U.S. What is the procedure for claming TDS so deducted in U.S.

Hey Frndss

As hybrid system of accounting is not permissible by law but for some professional entities like CA firm can follow the same,

So is it correct and if yes then trust or society can also use this system for there accounting.

When interest is reinvested without crediting.As both principal + interest.what is accounting entry???????

hello I am IPCC student who cleared grp one in second attempt .But in every CA office wherever i am going they were saying only if u clear two grps then only we wil give articleship . I don't know what to do i am totally confused what to do . and anyone please say what is meant by secondendent procedure . please help me

Dear Sir,

I have a two type of income
1-Capital gain thru share market
2- I dont know which head income taxable from MCX business (Multi commodity exchange)?

tell me which income head falls and what to do for disposal of mandi tax and how compute yearly income for income tax purpose.

where a person has a liability to pay tax in respect of other persons income, he is allowed to adjust such persons losses against his income

We dont have any deductions for Q1,Q2,Q3 can we file only Q4 for that financial year

I have a client(Individual) who was a resident in A.Y. 2013-14.

The client has filed his Tax return in the USA for the period 01.01.2012 to 31.12.2012 as he has income in the US also.

I am looking forward to file his income tax return in India for A.Y. 2013-14.

My query is as whether i have to take the clients U.S. income for the full year starting from Jan 12 up to Dec 12, OR
do i have to consider the U.S. income only from April 2012 onward for filing return in India for A.Y. 2013-14.

And also if the later is the answer then do i have to file return for A.Y. 2012-13 as well as 2013-14?
Please advice..

Please tell what is the rate of minimum preference dividend if nominal value of share is Rs. 10/-?

Karta of HUF owns car. Can karta of HUF gives his car on hire to HUF business?