If a person refuses to take payment for his wages in cheque, as he is not having a bank a/c, and hence the company pays the amount in cash, then will the payment be still disallowed in income tax u/s 40a(3) ??

We are a partnership firm maintaining accounts on CASH BASIS. we purchased certain fixed assets ON CREDIT during FY 2012-13 & put to used during the same period. we have made the payment during FY 2013-14. What would be the treatment of Fixed Assets during FY 2012-13 in our books and whether we claim depreciation on these fixed assets while calculating income for PY 2012-13?

Dear All,

can any one suggest how to treat the following transaction in the year ended 31.3.13 as under:

income under income tax: nil
book profit : Rs.2000000

mat @19.0555 :Rs.381100

please tell me the complete accounting entry in the year ended 31.3.13 and effect of b/s and p/l a/c.

IN ABC(P)ltd,there is negative of cash balance,and still there is pending of payment of share application money,so problem is how to get cash in positive,
Detailed solution is required.

Income Tax Paid A.Y. 2010-2011 Amount 6776/-

is Please clear to Income Tax Paid allowable Exp. or Dis allowable Exp.

section mention

In India all companies are following financial year April 1st to March 31st is there any section and exemption for financial year? can we follow Calendar year? please tell me any one full detail about financial Year

IS IT MANDTORY TO FILE ITR7 WITH AUDIT REPORTS ONLINE FOR THE YEAR 12-13?

SIR

I AM GETTING 20000/- AS SALARY IN HAND CASH (GROSS & NET SAME ) + RS 3000/- AS CONVEYANCE , NOW PLEASE EXPLAIN ME CONVEYANCE WILL BE CONSIDERED IN MY SALARY OR NOT, I AM A FIELD EXECUTIVE.

THANKS

MUKESH KUMAR

I have got registration in service tax in 1 st March 2012, then in which A/Y I claim exemption 2012-13 or 2013-14. In case if I have transaction in march or otherwise i have not any transaction in march?

Dear all, On 10th September 2013 i received notice from Income Tax under section 142(1) asking various details for AY 2008-2009. But according to sec 142(1) Assessment Officer shall not request to produce any acoounts relating to period more than 3 accounting years prior to the Previous Year. Hence in my view the notice us 142(1) is time barred. Please give your Valuable information and Suggestions. Thank You Dhawal Narang