cheque date of Payment of PPF is 27/3/2012 and bank had debited that amount on 4/4/2012 ......Now if i can claim PPF in F.Y.2011-12 or in F.Y.2012-13 .........?

Hii All,

I am currently working with E & Y GSS India as Senior Associate - Assurance at Bangalore. I joined two months back.. but I am not comfortable with the Job profile.. as the work is too elementary for a CA. At GSS, the work environment & HR practices are too good and employee friendly.

I have an offer from ICICI Bank as credit manager at bangalore..its in Mortgage Loan Credit, Bangalore

I just want to know should I jump to ICICI.. Pls guide.



Thanks

HI,
AN AGRICULTURAL CO. HAS INVESTED IN SECURITIES- TERM DEPOSIT ON ITS NAME AND IS RECEIVING INTEREST ON THE SAME. THE CO. HAS ALSO TAKEN LOAN AGAINST THE SAID DEPOSITS AND IS ALSO PAYING ON THE SAME.

WHAT WILL BE THE TAXABILITY OF THE ABOVE SITUATION? WHETHER INTEREST RECEIVED WILL BE TAXABLE OR WHETHER INTEREST PAID CAN BE SET OFF AGAINST THE INTEREST RECEIVED?

Respected sir,

ihad taken conversion from PE -II to IPCC on 31.08.2010.

ITT training not compleated.n i have not joined for Article training.

i wanted to know what are the conditions to appear for May 2013 IPC new (Intermediate exam).

plz clarify as the earliest.

27th Feb 2013 is last date for submitting Exam application form.
Thanking all

Dear Experts,

One of My client being an Individual Lady has purchased a Residential House property (i.e. Tenament) in her name in the Year 2005.

Now She wants to sell/dispose the said House in the Current F.Y. & whatever the long perm capital gain arises therefrom is likely to be fully utilized towards purchase of New Residential Bungalow in joint name with her husband.

Now query is whether she can claim the said long term capital gain as exempted u/s 54 of I.T. Act even though the new house property will be in joint name with her husband by investing equally amount either fully or proportionately.

Is term/tution fees paid by the student parent to the foreighn university in New York is liable for TDS u/s 195.

Also what are the compliances should be taken care of before issuing certificate u/s 15CB & CA.

Kindly provide us the reference of any circulars or guidance notes.

We have provided service in India at Clients branch place but bill was required to made under the name of Foreign Company (outside India) and billing without Service Tax.

Acc to me,service tax is liable..

Bill amt is $56240/-. How will be service tax calculated and wht is the point of taxation??

Thanking you.....

sir i want to know about branch office for ca proprietorship.
i live in baroda and my ho in baroda...
but am belonging from other place where i want to open a branch can its possible.
in branch office can incharge of branch office can be ca only its very urgent pls tell me about this.....

GOOD AFTERNOON TO ALL EXPERTS,
I WANT TO ASK YOU ABOUT CALCULATION OF AGRICULTURE TAX.
HARE IS AN EXAMPLE PLZ TOLD ME THAT THIS CALCULATION IS RIGHT OR WRONG.
An assesse has his total income of Rs.220000 and agricultural income is Rs.300000.We know tax rate upto 500000 is 10% and upto 800000 is 20%. Now total income for tax purpose is Total income + agricultural income = 220000+300000 = 520000.
Now compute tax on it according to the above tax rates. is Rs.34000.Now computation of agricultural income tax exemption. It would be computed on(basic exemption limit + agricultural income) = 200000 + 300000 = 500000.
. Now compute tax on it according to the above tax rates is Rs.30000

Now deduct the agricultural income tax exemption from the income tax on total computed = actual tax - agricultural tax exemption = 34000 - 30000 = 4000
4000*10.3/100=412
4000+412=4412

MY QUERY STARTED NOW.
WHAT WILL MY TOTAL TAX LIABLITY . SHOULD IT 4412 OR 2060(20000*10.3/100=2060)
in my opinion agriculture income is not tax free income . plz explain

Dear Madam/Sir,

A Fixed Asset has been transferred from one Branch to another Branch then in such case:
1. when (date of Tr./date of receiving/date of installation) FA should be capitalized by receiving Branch?

2. Should depreciation be charged during transit period from one Branch to another branch.

Thanks,