Dear expert,

Hi I am confuse about tax on downpayment of new premises, I have paid some amount as tokan money for booking of flat to builder can I get examption in income tax return please tell me under which section I can claim such amount??? Also the amount which I have paid to builder as a tokan money is shown in written agreement.

Sir, I want to take transfer of articleship, and my query is whether I have to mention the name of Chartered Accountant with whom I want to join articleship after transfer, in the letter of seeking permission of institute to take transfer of articleship ? Sir I have not decided till that with whom I will join articleship after taking transfer. Please help... Can I choose the CA firm to join articleship after seeking permission to take transfer from institute ?

Please clarify how much abatement to contractor work in industrial construction service from 01/07/2012

hi,
I want to know that in it those chptrs which was excluded for nov 2012 exams is also excluded for may 2013 exams..

i completd my graduation in march2012...i clrd my IPCC grp 1 in Nov2012...accordinly my 1st attempt of final i in Nov2015...wat if i prepone my articles registeretn by 3mns as per direct entry scheme...den my atmpt fr final will be in May2015...is dat possible?? how??

DEAR SIR/MADAM,
MY FRIEND DOING JOBWORK ( FABRICATION OF ALUMINIUN EXTRAUTION), HIS ANUAL TURNOVER FOR ONE CLIENT IS RS.60000.00 AND ALLOVER TURNOVER IS 2 LAKH.CAN HE CHARGED SERVICE TAX FROM PARTY.
IF YES THEN WITH WHICH RATE
PLEASE HELP ME

Hi All.
I have availed CC limit of Rs.100000/- I have utilised the whole amount. I want to know what and how is this presented in the balance sheet.?

Is it going to be presented as Loans and Liabilities or Negative Cash Bank Balance or it should be shown as Current Liabilities.

If only one effect of certain transactions (in terms of debit or credit) has been recorded in the books of accounts .. does it come under single entry system?

What is the purpose determining whether a resident individual is ordinarily resident or not ? And why is this applicable only to individuals and HUFs and not to firms and aop and companies ? Pls explain in detail and pls avoid using the technical terms.. I'm new to this subject.. Thanks anyway..

FACTS : Agri. Land compulsory acquired in the year 2003. court order passed in the year 2011. Interest paid on acquisition + Compensation. Amount released in PORTION of total compensation including interest. But TDS is deducted for whole of Interest payable.

QUESTION: Income-Tax returns to file on Accrued Basis OR PRO-DATA BASIS. (e-TDS returns filed by deductor as full amount of Interest paid)