sir, i am doing ICWA ..can u suggest me is it good to take up CA along with it & i am also a graduate so can u giv an idea of DIRECT ENTRY SCHEME..
Regards

Dear Sir, I am accountant in pvt ltd company. our nature of business was movie production. From last 2 years like Fy2011-12 & 2012-13 we diduct TDS from parties. Now we are ready to pay TDS with interest. My quary was how to calculated interest from the date of tax diducted. and can i use 2 from 281 for individually or use one from with 2 years payment.

TDS was in 2011-12 - 245000.00
TDS was in 2012-13 - 546000.00

pls how to calculate above.
Thanks & REgards
Nagesh

Dear Sir,
One of my client has demised in July 2012, who was engaged in trading of ready made garments. After his death his son took his business in his hand. At the time of assessee's death about 7 lacs stock and 1.5 lacs cash was at shop. Now please advise me, while making balance sheet of assessee's son, I should take the total of closing stock and cash as opening balance of his son capital a/c.

Please clarify.

Hi,

Please provide me Nature of business or profession code to be entered in ITR 4 for Tutor / Lecturers who's tax will be deducted under 194J.

A person is depositing service tax on due basis i.e. as soon as he receives the bill he deposit the service tax thereon irrespective of that he makes payment for the bills one month after receipt of bill i.e. person is required to pay service tax under reverse charge mecahnism.

What is meant by Food Grains or cereals as mentioned for exepmtion on freight for GTA services.

Whether dried vegetables like dry potato chips, tomato paste etc would be covered for exepmtion.

What does the term Food Grains or cereals covers.

Dear Sir,
One of my client's annual receipts from brokerage would be about 6 to 7 lacs, however he has obtain service tax registration. In this regard I have following query -

1. Whether he has been liable to pay service tax even his turn over is below 10 lacs.

Dear Sir,
Whether the 2nd half yearly return for the fy 2012-13 has been released by department or not?

My wife earned dividend from Income (Debt) fund in 2012-13 financial year. Account statement from the fund house shows the dividend amount reinvested but does not show TDS for the same.
When I inquired with the fund house about TDS, their investment advisor told me that dividend distribution tax has already been deducted and paid to IT department and therefore my wife does not have to pay tax on the dividend reinvested.

I thank you for clarifying my following questions:

1) Is the advisor's above mentioned statement correct that my wife does not have to pay any tax on the dividend income.
2) Does my wife have to report the dividend income in her return (as income exempt from tax) and if so in which schedule or section of the ITR2 should she show it.

Regards,

Narayan

If my CPT - June 2013 result is awaited i can register for IPCC may 2014 online????