whether annuity payment received from LIC by the spouse after the death of her husband is taxable or is it an exempt income plz explain by referring income tax provisions and if it is taxable then whether i can claim any deduction for such income (like in case of family pension where we claim 1/3 of income as expenses)

IN Short i want to ask whether this annuity comes with in the definition of family pension or not

For FY 2015-16 Turnover - 63 lacs Profit claimed - 4.8 lacs ITR filed Audit not carried out Is this the right treatment? Is he liable to get his accounts audited? Now the assessee wants to get his books of accounts certified from a CA in order to submit the same to the band so as to apply for a CC loan. kindly guide in this matter. Regards

hi sir my query is about input taken from Courier bills. Professional like lawyers and others professions had a service tax registration he is a paint tax but he also paid telephone bills and courier bills. these bills includes service tax can professional will take the input of these bills.

i have a small kirana store, Turnover Approximately 14 Lakhs p.a. i am purchased kirana items from local guys without any vouchers/Receipts and i sale MRP Price to retail. i have no vouchers/bills/Receipts on both sales & Purchases. but i have TIN. now how to file vat returns without any bills. In our small town, other small kirana shops file their vat returns without any bills through Local Tax consultants. how its possible without any bills.

I am purchasing a property. There was an existent house which has got demolished and flats are being built in that land. There is a land agreement for 28 lakhs (for uds part) and construction agreement for 80 lakhs and both have been registered. The existing house has been demolished and construction is underway. As per 194IA, TDS is to be deducted if the sale consideration of property is greater than 50 lakhs and I have informed the builder on the same that I will deduct TDS on payment. However, his auditor's view is that land is the immoveable property which has been sold and is less than 50 lakhs and hence not applicable and also service tax has been paid on construction cost treating it as services. Please confirm whether TDS is applicable and I need to deduct 1% on the payments I make as the total consideration is greater than 50 lakhs.

I need the FASTRACK of all subjects in CA-IPCC

In respect payments made to non residents and TDs is grossed up. On what value is Service tax to be levied under reverse charge mechanism. I.e Before grossed up value or after grossed up value. Clarify with any notification or circular.

cheque issued amount of 36321 but not presented in bank till 31st march 2017. How I can show it in balancesheet of 31st march 2017

Dear sir, due to clerical mistake we forget to approve 3cb 3cd of one of my client. Because of this client has received notice u/s 139(9). We have approved form but what should we reply to income tax site.

Hello,
I am preparing for CA Final May 2017 for the first time-self study.

Haven't been to any coaching classes.

I am strictly following ICAI Study Material and Practice Manual and not referring to any other Author Books.

Re: Company Law-Retirement of Directors by Rotation.

In the study Material it is given that out of 2/3rd, 1/3rd will retire and if it is a decimal Number then "Number nearest to 1/3rd shall Retire".

Further an example is given that If 6 are Total No of Directors, 4 will be liable to retire, and out of 4, 4x1/3=1.33 will retire i.e Only one will retire.

But in the practice Manual Q 5, Pg: 3.5, it is stated as 2 will retire. Which is Right.

I am not clear about the phrase ""Number nearest to 1/3rd shall Retire"". Let me know what it means. Does it mean Rounding off to nearest Decimal or considering any fraction as 1.

Thank You.