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.

My query is whether I should get my registration rev alidate if I fill my exam form just before completion of my final registration. My registration date to finals is 20-02-2012 n I submit my form for final exam on 18-02-2017.Do I still need to revalidate my registration??

Dear Experts

My company was incorporated in the month of Nov 2016 but account opening took 3 months owing to PAN and other formalities. Thereafter we received share application money from subscriber to Memorandum of Association of Company.

Time limit for issue of share certificate is 2 months from the date of incorporation of Company (section 56). How should we go forward now? Three months have already been passed.

Waiting for your valuable suggestions. Thanks in Advance!

Regards, Nitin

I know that 11(5) is applicable for 11(2) conditional accumulation. But should a trust invest the 15% accumulation also in 11(5) specified investments? If yes pls quote any case laws/ notifications/ references.

if I construct One flat for rs 1lakh in 1980 and sale it for rs 33 lakhs in Nov 2016. what is tax treatment

which first can be set off
current year loss or brought forward loss against income.

what is manner of set of losses :
first set of losses from inter sources adjustment and next inter head adjustment is it correct. is correct or incorrect please reply in brief.