Dear All,

My friend as a private company employee, he is not filing the ITR for the FY 2012-13. he is join June'12 in this company, but TDS amounts are showing in his form 26AS is 194C - Rs.6743/-, 194A - Rs.16970/- & 192 - Rs. 17896/-, but my doubt is which form need to file for ITR 1 or ITR 4, please suggestion me

i am an ipcc student cleared cpt exam in december 2008 since then i have not given any of the attempts of ipcc nor i have joined classes and thinking that i have chosen wrong field and wasting my attempts can anybody tell me how many attempts are left with me of ipcc whether i should leave ca since i could not able to concentrate on studies and there is no one who can motivate me in studies should i leave ca. please suggest me.

i have appeared cs executive exam, if i passed both group then, can i directly give ipcc exam? or i have to first complete 9 moths article training, it training, orientation. please reply immediately

I have 2 properties:

First one is Self Occupied Property (No loan taken)

Second property is LOP for which I Receive Rent of Rs.240000 p.a and have taken on Loan and pay interest upto 6 Lacs P.a.
My query is Can I set off this Interest Loss against my Salary Income

For Example

Rent received 240000/-
Less: Std Ded@30% -72000/-
Less: Interest paid -600000/-

Loss from house property (I) -432000/-

Salary Income (assume) (II) 1000000/-

Total Income (I) + (II) 568000/-

Is it correct?

Pls reply

i am an accountant at a private limited company,
i want to know about the esic & epf rules,
basic salry of every freshers in our concern is 8000 only,

how much we paid for esic and epf ?

and how we are excempted from epf?

the maximum salary of epf deduction?

If A buy the Bike in Fy 11-12 with borrowing bank loan but he was not liable to file to IT Return for the same year. But in FY 12-13 he is liable to file IT Return. Buying Cost is Rs 50,000/- in FY 11-12. So which Opening balance I have to considered for Accounting for Return. Shall I considered the Depreciation as per provision of IT for FY 11-12. As per my knowledge if A buy the bike after Sep-11 then its depreciation will 50000*15%/2 i.e. 3750/-. Kindly suggest whether it fine or not?

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Hello Everyboby,

Please Advise regarding the claimability/allowability of Amnesty Scheme for Non filing of Service Tax Returns and if the scheme is applicable then what is the amount of Penalty Abatement(Liability for Non Filing ST Returns is Rs.20000 as we all know)

Thanks in Advance for your Valuable Knowledge and Suggestion.

Please Do Reply as there is an ambiguity in case of availing the Scheme in case of Non filing of Returns/applicability of amnesty to ST Returns and the Amount of Amnesty.

Please let me the procedure for getting the Search Report from ROC? Whether I can get the same MCA portal? If so whether it is from public documents or certified copies

From INCOME FROM SALARY what to do with the adjustment of lunch allowances plz help me

Dear Sir,
I have a query for Disclosure of Shares being alloted for Part consideration as cash and part consideration other than cash.
Example in this situation:
A Ltd has to pay to B Ltd Rs.100
B Ltd has to pay to A Ltd Rs.70

Then B Ltd gives the offer to A ltd to Take the shares of Rs.100 and pay the balance Rs.30 in cash as net settlement.

Then what would be the required disclosure of the allotment.
Opt 1- Entire allotment for consideration other than cash
Opt 2-Entire allotment for cash
Or Any other,if yes,then please provide.

Thank You