Is it only me who think Time Value of Money can only decrease over time? Isn't it possible that money will get stronger in the future. Can not the Present Value Interest Factor be (1+r)^t rather than (1/r)^t every time? Please provide the rationale behind all this?
Thank you

I AM DIRECTOR IN THE PVT LTD COMPANY DURING THE YEAR AY 2011-12 I HAVE TAKEN RS 10 LAC BEING ADVANCE AGAINST PURCHASE OF PROPERTY FOR PVT LTD THE INCOME TAX OFFICER IS TREATING THE SAME AS DEEMED DIVIDEND U/S 2(22)OF IT ACT EVEN THOUGH LEDGER EXTRACT FROM THE PVT LTD CO IS SUBMITTED STATING THE PURPOSE OF PAYMENT MADE TO HIM . WHETHER INCOME TAX OFFICER IS CORRECT OR NOT PL EXPLAIN BRIEFLY

My uncle filed his Return for ay:2013-14 on 27/08/2013.But he forget to send ITR-V to cpc and he sent his ITR-V on dec,13 and it received on 30/12/2013 at cpc.But status on his a/c show as ITR REJECTED and 'Filing date has exceeded the Due date'.There is no chance to file Revised return.So any one please suggest to process his return.

Thanks in advance.

Dear Sir

Can u Please Tell me Highly Easy language books for CA FInal as i dont understand easily. I want full conceptual clarity. I dont want tough or flawry language. i live in north india

Sir
I received rs.220000/- from LIC and invest in Bank 1 year Fd with dena bank..After 1 year maturaity amount 245000/-. bank ask to provide 15G form for non deduction of TDS on interst..i have no PAN card..if PAN card is mandatory to issue 15G form..? otherwise 20 tds deducted.what effect on tax..

Dear Sir,

We are into construction business, we had received advance of Rs. 31 lacs before June 30, 2010 (so no service tax chargeable on 31 Lacs) and Rs. 6 Lacs received after June 30 2010 (so service tax applicable).

The agreement is registered on August 1, 2012, and as on date the outstanding amount is Rs. 33.81 Lacs.

During this, we received the Occupation Certificate on July 5, 2012.

My question is whether service tax will be applicable on balance 33.81 Lacs or not as the Agreement been executed after receiving the OC.

whether an individual can file belated return in online inorder to claim refund

hello I have just given my ipcc exams in november 2013 and I am not satisfied with my result so my question to the experts is that whether it is beneficial to go for revaluation.

If company have a redeemable preference share, can it redeem by paying Redemption price in some 12 or less than 12 monthly installments?

Dear Sir/Mam

If there is any Advertisement contract and we are deducting 2% on the contract charges and in the same contract the Contractor is charging Commission @ 7% then the TDS should be deducted as per contract u/s 194C or we should deduct TDS as per 194H @10% on Commission portion of the contract?