IF A EMPLOYEE RETIRES ON 31 DEC WHAT WILL BE THE LAST DRAWN SALARY

what are the important questions which are likely to come in ipcc group1 in nov 2013?

Dear Sirs,

One of my client sold his property(resi-house) in FY 2010-11 for 1 crore. He received 2 lakh cash as advance from buyer. Balance 98 lakhs have been deposited in HDFC bank(not in the CAPITAL GAIN SCHEME). His capital gain comes around 70 lakhs. He invested more than 70 lakhs by way of purchasing two residential house with in the FY 2010- 11, 2011-12.

My question is that should the sale proceeds invest in that Capital gain Scheme to enjoy the exemption u/s 54 compulsorily..???

If not invested in that Capital gain scheme what action can be taken by Dept.??

I joined articleship on 27/10/2012. Took transfer on 09/08/2013 leaves taken 61 days i.e.worked there for 9 months and 13 days including leaves. Joined new firm from 10/08/2013. Now I want to know... when I will be eligible to appear in CA-Final Exam?? whether leaves taken in previous firm will affect my CA-Final attempt?? plz do reply soon EXPERTS!

I have Incorporated one limited company last month.All directors are relative. can anybody tell me the List of mandatory compliances for limited company describe in brief.

also the authorised share capital is 50 lakhs.the company now want to purchase a land costing 75 lakhs.how can this transaction arrange. can i suggest acceptance of loan from director above the authorised capital limit? what are the formalities and procedures in this connection

SIR,TDS DEDUCTED BY PAYOR ON BEHALF OF PAYEE WITH IN HOW MANY DAYS PAYOR HAS TO DEPOSIT WITH THE AUTHORTIES,MEANS TIME LIMIT FOR TDS DEPOSIT IN CASE OF TDS DEDUCTED BY BANK,OR TDS DEDUCTEED ON LOTTORY,TDS ON RENT ETC WITH IN WHAT PRESRIBED TIME LIMIT HAS TO DEPOSIT

u/s 10(23 c) an exemption is available in respect of any income received by any person on behalf of the following

ANY HOSPITAL OF ITS AGGREGATE ANNUAL RECEIPTS DO NOT EXCEEDS THE PRESCRIBED LIMIT OF RS ONE CRORE

My Client had been allotted a site by corporation in 2003 but registered in 2010. he paid whole amount through bank loan in 2003 and cleared the bank loan through EMI in 2009. Now he has sold the property and has invested all the amount as advance for the purchase of flat,. he will get the possession after 2 year.i have below doubts while calculating capital gain and indexed cost of acquisition.

1)Indexed cost of acquisition should be calculated from the date of allotment or registration.

2)indexed cost of acquisition should calculated on bank loan or EMI

3)Does he has to get any document as proof from the builder to show as evidence to income tax officer.

sir/madam,
i will b appearing for ca final & my brother will b appearing for ipcc in may , 2014 , so will the companies act , 2013 will be applicable for our exam .

Dear Sir,

please reply the answer of following questions;-

1) Is it mandatory to make full payment of income tax liability before filing of ROI under the Income Tax Act,1961? If yes, under which section?

2) I have received a notice from I T department about furnishing of details regarding the ROI wrt last 3 years i.e for AY 2009-10, 2010-11 & 2011-12. I have filled the ROI for the AY 2010-11 & 2011-12 but not filled ROI in AY 2009-10 although my income in AY 2009-10 was taxable. Please help me that how should I reply to the AO?

Thanking you

Ashutosh Kumar Jha
9534140352