Dear CA friends please suggest regarding following concepts.
A firm got business loss by cyclone in a year. It got insurance compensation in next year. The firm wants to take insurance compensation for taxation in the received year based on the case of Commissioner Of Income-Tax, ... vs M/S. Moon Mills Ltd on 26 October, 1965 in supreme court. But the auditor says if compensation is taken for tax computation in the received year instead of loss occurring year he can make note in report as this case was related to the A.Y 1949-1950. The note may cause to unnecessary department controversial. Please suggest that whether auditor view is correct.

one of the company deducted the tds amount but not give the tds certificate and the co. returns the whole year's tds amount. Is it correct under the income tax law ? if it is not so where i should go for the complain.and how to file the complain

hii I am Pradnya and currently completed one year of articleship.... I had taken one transfer before completion of my one yeR...as I didn't get much exposure over der and the firm where I am working currently. ...is very UNhygienic since there is no proper washroom facility provided... and it becomes very difficult.. to adjust.. so my query is that can I get a transfer now.. based on this problem

if a person is employed in nagpur (Maharashtra) and staying in nagpur in company's guest house & getting HRA, but he/she pays rent in haryana for accomodation occupied by his/her spouse & kids .can he/she claim HRA exemption in respect of rent paid by him/her for rented accomodation occupied by his/her spouse in Haryana.

I pay the tax before the due date but filing a return is delayed. know i get a letter from the it to pay the penalty for delayed filing. The penalty is including this year and previous year.
so i request that is it necessary for pay the penalty because i pay the tax in time but i file late..

sir recently all company got notice from profession tax dept to pay profession tax and get registered, sir i want to know whether this company is eligible for ptrc or ptec
please tell whether company itself is liable for registration .
1)company dost not have any employee it has two director not paying any thing to directors.

2)company is loss making.

3)a company whose all directors all paying profession tax in other company then these directors should pay profession tax again.
4)is all company should get registered whether profit making or loss making ?

1.WHAT IS LBT IN MAHARASHTRA.?
2.HOW IT IS ACCOUNTED IN BOOKS LIKE IN PURCHASE SELLS PAYMENT ETC.?

THANKS IN ADVANCE EXPERTS

Respected Expert,
I Am Fresh pass out CA.
My one Clients audit under company law is pending from F.Y.2007-08. Can they appoint me as a auditor for aforesaid period. they have not appointed any CA. secondly what procedure they have to follow for appointing me as a auditor. & also what penalty should have to be paid.

Dear all

Is Payment of Late fee levied U/s 234E is Mandtory?. Is there any provisions to Scip the paymeant of late fee

What if the levied late fee not paid by the govt Deductor ? Whether drawing officer him self responcible or the department is responcible ?
Kindly let me know
Somebody is saying that no section empoweers the assessing officer to collect the fee levied u/s 234E. is it Correct

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