Assessee has a total turnover of 50 lakhs from his trading business. He opts for 44AD and files the return for 4 lakhs as Incem and pays the tax accordingly.

His margin in this particular business is more than 25 percent. Hence he purchases a property for Rs 12 lakhs.

Now, how can he explain it to the IT officials at the time of scrutiny or in the future whenever necessary , the source for purchase of property as the retun ncome is only 4 lakhs. He doesnt maintain proper books of accounts as it is not neccessary

i am going to work in big 4 which will be best areas to work for tax or audit which will be more demanding and lucrative in future accordingly i will choose that? thanks in advance

Taxability of FD maturity proceeds along with reference in income tax act? (I am NOT asking about interest, but Principal proceeds)

1.A NRI HAS A RESIDENT SAVING ACCOUNT IN A BANK AND HAS NOT INTIMATED THE BANK ABOUT HIS RESIDENTIAL STATUS FROM RESIDENT TO NON RESIDENT, HIS RESIDENT ACCOUNT HAVE CREDITS FROM HIS FORIEN ACCOUNTS ONLY, NOW HE WANT TO REPATRIATE HIS FUNDS IN RESIDENT ACCOUNT TO FORIEGN ACCOUNT.WHAT IS THE PROCEDURE AND COSEQUENCES FOR NON INTIMATION TO BANK OF HIS CHANGE IN RESIDENTIAL STATUS.IS THERE ANY SORT OF LIABILTY ON BANK.
2.A NRI HAS PERMANENTLY RETURNED BACK TO INDIA 10 YEARS AGO BUT HAS NOT INTIMATED THE BANK ABOUT CHANGE OF HIS RESIDENTIAL STATUS. WHAT WOULD BE THE CONSEQUENCIES OF THIS FOR THE NRI AS WELL AS FOR THE BANK.
3.IS IT COMPULSORY FOR NRI TO HAVE PAN IN SAVING ACOUNT

Is it possible to reappoint the first auditor of a company in the first annual general meeting for a term of five years???

Dear Sir/Madam,

please help me. I have taken 25gb mail space from rediff.com now the problem is how to put entry in tally (Journal or other entry).

please share you tips with my.
faizan
9990501621

Hi ..This is Sameer from Lucknow, a CA Final student. I am working in Oman. I registered in CA Final on 12th August 2012. Last time I appeared in exam in November 2016. I want to know will I have to re-register in CA Final or I can continue without doing it for November 2017 attepmt..Kindly tell me..I shall be highly obliged.Thanks

Hello Sir/Ma'am,

Hope you all are well,
When i have filed service tax return, i found the some issued like that:- sum of service tax paid is rs. 758455/- is less than sum of service tax payable 2275365/- differential amount is -1516910/-.

Same as SBC AND KKC service tax paid rs. 27088/- and payable is less than 81264/-.

So,
i request you all to suggest me, what can i do??

Thank you
Aaryan

I have two issues that I need help on for filing return for AY: 2016-17

1) I filed the return on time but failed to sign the ITR V acknowledgement in time. Infact I havent sent it yet. Need help.
2) The return which I filed ( above) did not include a deduction of 31K under section 80D and I need to file a new/corrected return. Else, I will be liable of paying a tax of 5K which I am not supposed to.

Please suggest the best possible way to deal with this scenario. Do I need to first sent the signed ITRV for the first return and then submmit a corrected/revised return? OR can I bypass the first return ( without signing the ITR-V for it) and file a new return afresh?

Kind Regards,
Edsel

Is it possible for printing the admit card; I save the file of my admit card and then I should print it out afterwards when I found printer facility Or else I have to open it when there has been printing facility available