PLEASE CLARIFY THE FOLLOWING

IS THERE ANY UPPER CIELING BEYOND WHICH TDS HAS TO BE DEDUCTED ON INTEREST EARNED ON DEPOSITS?

I.E., TO BE MORE SPECIFIC, IF A PERSON SUBMITS EITHER 15H OR 15G AND HIS INCOME FROM INTEREST IS BEYOND TAXABLE LIMIT, EVENTHOUGH HE HAS SUBMITTED 15H OR 15G, WHETHER THE BANK HAS TO DEDUCT TDS OR NOT? PLEASE CLARIFY ME ABOUT THIS.

If an assessee Mr. X (Family members:a minor son M, majaor son S and daughter D and Mrs. x ) has inherited any property from his ancestors will that be inherited by him in his individual capacity or in the name of HUF .
If inherited in the individual capacity and later on converted to HUF property, will provisions of section 64(2)of income tax act and section 4(1A) of wealth tax act attract or not.
will the answer change if Mr.X has two brothers one is RAM(major)other is shyam(minor)and Mr.X's mother is alive?

If an assessee made an investment in Mutual Fund of 1 cr n later on he withdraws money from Mutual fund in part as he requires say 20L 50L then that withdrawal are liable for Capital Gain Tax

Can anyone please advise if a Bsc Graduate (Maths Main), with Statistics and Physics as Subsidiary subjects and also completed C.A Intermediate from ICAI is eligible to take the CPA exam from any State in US? If so, please advise how to proceed.
Thanks

As per INCOMETAX tax liability is Rs.154855/-. As Per Provision of MAT tax Calulated is Rs.345945/-.

So We have to Pay as per MAT Rs.354855/-. So MAT credit available is Rs.191090/-(345945-1548550)in next year.
at present DTL Balance is Rs.548458/- before considering MAT.

Is any way MAT affect the DTL?

Thanks.

one car is sold and there is no other vehicle in this block.

As per Income Tax there is Capital Gain Of Rs. 185444/-.
As per Books of Accounts there is Loss on Sale of Rs.145788/-.

Deffered Tax Liability regarding Total Fixed Assets already exist in the books
of Rs.895485/-.

Current year Depreciation as per A/C is 2500255/- while as per IT is 1955235/-.

How the Gain /Loss on Sale is treated in Deferred Taxation?

Thanks.

1st year:
Profit as per books:Rs.9715
depreciation as per books:72740
dep as per IT act:294324
diff is 221584
deferred tax liability @30.99% - 68669
2nd year:
DTL opening balance;68669
profit as per book:10054
dep as per books:72740
dep as per IT act:254355
diff:181615
DTL@30.99% 56282/-
DTL Closing balance- 124951

we will generally debit p/l a/c &credit DTL a/c in the year of OTD ,from which year we will write back the DTL &how much amount?i.e., what is the year of RTD?

m done with my Audit completely..
i jus wanted to knw that how to revise it and wat is the best way to recall during my revision b4 exams...
shouldi write a paper and which paprs to write...
i m CA final student appering this nov...

can i know what is the provision of service tax on foreign commission and there is any basic limit for execmption for payment of foreign commission made without paying service tax ?

we propose to set up a unit for plated circular coin blanks. The base material for the coin would be steel on which we would do coating of alloys of copper and nickle.What would be excise duty liabilityand whether both the activity that coin making and plating would be treated separate manufacturing ?