I attempt is due in May 2018.Can i start studying auditing now by purchasing may'17 edition book?

Sir/madam i want to know about income tax calculation of retire army person in december 2015 and receive funds in bank account near about 23 lakhs. 1. my first question is how i treat this bank balance in itr along with salary and 3 months pension?? 2. and assessee living on rent after retirement 3 months rent of rs. 9000/- so is assessee claim 3 months 80GG deduction, if yes then how much??

M/s. Shree Karni Mines (SKM) is engaged in the manufacture of lime stone and has been given mining leases by State Governments of the Rajasthan. SKM is liable to pay royalty based on a portion on earnings from production and the same varies depending upon the type of mineral and market conditions. In case excavation is not carried out SKM is required to pay dead rent in lieu of royalty. The State Government also levy a cess on the Royalty. Under the relevant mining statute, a District Mineral Foundation is separately established as a non-profit body in order to work for the interest and the benefit of persons and areas affected by mining operations. SKM under the statute read with Notifications issued therein is mandatorily required to make a payment to this Foundation which is calculated as a percentage of Royalty. Advice on service tax applicability on the payments by way of Royalty, dead rent, cess and contribution to the Foundation.

I have inherited a land from my father in will and sold it after more than 30 years in parcels without doing any development in form of road or drainage.
But I have left a way so that each plot can be accessed.
And invested proceeds in residential house to offset capital gain.
Now AO is asking me that he will consider it as business income since as per him I have done plotting and its a business activity.
Kindly suggest if I am correct or not.
Kindly give me links for cases in Supreme and High courts for proving my point.

who is the auditor of tha icai

Dear Friends, I have filed my ITR and I got the assessment order raising the demand while seeing the orders they confirmed the amount paid towards advance tax while computing the liability they ignore the same. to rectify the same it was requested in the portal but I am not getting any response can someone please help me for the escalation matrix. Best regards Kiran Kumar

Dear sir/mam, I want to do my articleship in finance area,whether it is correct way or not.... suggest me any field in finance sector.

Dear Sir,

This is with reference to IT Dept notice "Compliance of Non-filers Monitoring System (NMS)" for AY 15-16.

I would like to furnish the following details and request our learned expert to suggest further course
of action.

1) I have not filled IT Return for AY 15-16 as i am NRI (Since 15 June 2014)
2) Employer have deducted tax for the month of April 14 and May 14 (Rs 3440) for income from salary of Rs. 104000.
3) TDS (saving account) is deducted for AY 15-16 (Rs 5119) for income from interest of Rs 50974.

From the above details it is evident that NO TAX is payable for the said AY.

Kindly confirm can i now claim TAX RETURN of (3440 + 5119 = Rs 8559) as my total income in India is only Rs. 154974.

Shall I fill the ITR with TAX RETURN or WITHOUT TAX RETURN... PLEASE SUGGEST

Thanks for your assistance in advance.

as my company is deducting 3600/- from my salary from April 2016 I wanted to know how much amount and also I wanted to know how much TDs is to pay till March my take home salary

DEAR FRIENDS 

ONE OF MY NEW CLIENT FOR WHOM I FILED ITR FOR AY 15-16 & 16-17. BUT JUST AFTER 2 DAYS RECEIVED COMPLIANCE NOTICE ASKING FOR AY 13-14 & 14-15 RETURN.. NOT ONLY THIS IN "RELATED INFORMATION SUMMARY" TAB, I HAVE FOUND THE FOLLOWING

  FY             INFORMATION CODE                INFORMATION DESCRIPTION  

12-13              TDS 192A                    TDS RETURN- SALARY TO EMPLOYEES(SEC 192A)

12-13              TDS 192B                     TDS RETURN-SALARY TO EMPLOYEES (SEC 192B)

13-14               TDS 192A                    TDS RETURN- SALARY TO EMPLOYEES( SEC 192A)



ACTUALLY THE PROBLEM IS THAT HE WAS NOT AWARE OF TAX SYSTEM AND FILING ITR...NOW I HAVE THE FOLLOWING QUESTIONS.

1--- CAN HE BLAIM ME FOR THIS SITUATION AS THIS HAS HAPPENED AFTER I FILLED THE RETURN FOR 15-16 & 16-17

2-   IF I FILE THE RETURN FOR THE ABOVE YEARS, THEN CAN THE DEMAND OF RUPEES 5000 PER RETURN CAN BE ADJUSTED WITH THE REFUND ( IF ANY ).

3-   THERE IS NO TIME LIMIT MENTIONED IN THE EMAIL UNDER WHICH I HAVE TO REPLY....SO CAN I IGNORE IT             UNTILL THE RETURNS FOR AY 15-16 & 16-17 GET PROCESSED. 

4- IF WE CLICK ON OTHER TAB THEN WE HAVE TO MENTION THE REASONS FOR NON FILING.....THEN WHAT     CAN BE A GOOD REASON TO BE WRITTEN THERE....

4-  WHAT CAN BE THE BEST OPTION TO GET RID OF THIS PROBLEM???

PLEASE HELP