plz tell me important section of company law

TAX EXEMPTION FOR PRESS REPORTERS ON PURCHASE PROFESSIONAL EQUIPMENTS FROM ABROAD

Is a non practicing member required to do structured training as the website of icai says the following and gives a choice between structured and unstructured training

"All the members (aged less than 60 years) who are not holding Certificate of Practice or all the members who are residing abroad (whether holding Certificate of Practice or not) are required to:

(a) Complete at least an aggregate of 45 CPE credit hours of either structured or unstructured learning (as per their choice) in each rolling three-year period (i.e. from 1/1/2011 to 31/12/2013)

(b) Complete minimum of 10 CPE credit hours being an aggregate of either structured or unstructured learning (as per their choice) in each calendar year."

Respected members Is it compulsory to submit 24Q Quarterly form to CA? , if we dont pay tax in present quarterly due to some Persnl reason. In Jan month (4th Quarterly) i going to pay full tax.

Hello,

My client purchase a resale flat which was merge in one flat from two different flat.
Registration of both the flat are separate,Municipal tax ,Share Certificate and society monthly charges is on different flat numbers from the previous owner.
One flat is 1000 sqft and other is 600 sqft merge in 1600sqft.
AY 2010-11 ,deputy CIT treated the case under
two house i.e.one is self occupied and other one is deemed to be let out.
So he grant Rs.150000 deduction on loan interest as self occupied and other flat shown as deemed to let out on Rs.125000 notional rent.

From AY2011-12 ,Addl CIT treated this house in one house and ask only for one deduction in interest on loan.
But as per the all evidence this flats are two different flats which registration are also different.
Addl.CIT to refuse ,deduction on second house as deemed to be let out.

Here Income Tax People have two different opinion.
Kindly guide me for suitable suggestion.

Mr. X has income asunder.
Income under the head salary 535000
Income under the head house prope 2,45,000
Income under the head business 30,000
Long term capita gains 1,10,000
Short term capital gains 25,000
Casual Income (winnings of lottery) 55,000
Deductions allowed under section 80C to 80U 25,000
Compute his tax liability for the assessment year 2014-15.

----Total Income 9,75,000

Computation of Tax Liability

Tax on Long term capital gains `1,10,000 @ 20% u/s 112 22,000
Tax on Casual Income `55,000 @ 30% u/s 115BB 16,500
Tax on Normal income `8,10,000 at slab rate 92,000
Tax before education cess 1,30,500 Add: Education cess @ 2% 2,610
Add: SHEC @ 1% 1,305


Tax Liability 1,34,415
Rounded off u/s 288B 1,34,420


Now, My question question are:
1. Where is the treatment of STCG?
2. In some question STCG & LTCG deduction/treatment are there. But in some question , it is not?
what may be the reasion.
3. Even when some amount is deducted from LTCG/STCG before calculating the percentage, the deducted amount differ, sometimes 130000, sometimes 170000, sometimes 200000 and so on.
May be due to age or due to residential status.

Please guide me

Hello all my dear Friends,

Direct Entry Scheme came on effect from 1st August 2012. Am i right?

My Query is : " Student who were eligible to direct entry scheme at that time also did not registered under direct entry rather they registered in 23 aug 2012 under CPT route IPCC Since they have alredy pass CPT.

But now they failed in Group I exam in may 2013 and did not appear in Nov 2013 exam also. Can they now convert into Direct Entry IPCC and start articleship???

.....urgent ....please...

.... Please help me

. .....waiting your response

Thank you Friends

Dear sir

i have sold residential flat & purchase new flat below is the details for your ready ref

requesting you to pls advise capital gain working and entry

Old flat
Pur details
15th Nov 1991 for Rs. 2,53,351/-
Sal details
28th Aug 2012 for Rs. 30,00,000/-

New flat
7th sep 2012 for Rs. 20,00,000/-

regards
patel

If my TDS Receivable for 2011-12 is Rs 218000/- and tax liability is Rs 5454/-. refund in bank a/c is Rs 217000/-.
Then please suggest what will be the accounting entry for that in my books.

issue of spares , accessories items on free of cost , how to pass the accounting entries & some of parts issues under warranty & manufacturer wil reiumburse value of warranty parts. pls explain accounting procedure for parts issued under warranty & free of cost.