I am doing my articleship in a small firm. and my ca final attempt is in may 2015, I asked my principal for exam leave of 6 months he denied it stating that he will allow me for 3 months for both the group. I requested him I'm ready to extend my articleship for extra leave period. But he didn't agree with that also and put further conditions that he will grant me 6 months leave but I have to clear both the group in first attempt if not then I have to work for 1 year as articleship under him under a written agreement. As a principal can a CA do this with his article students and will this be a valid agreement??? Please suggest your opinion on this.. It will be very helpful for me. Thanks for your comments.

One of our clients have sold off his old house (claimed sec.54) and deposited Rs.11,88,000 in the CGAS A/c on 3rd Dec.2012. Now he is going to purchase a house and the balance in his a/c is about Rs.13,50,000.

The bank has not deducted TDS on the interest accrued,is it necessary for him to pay the TDS amount to the Govt.?

The client is going to purchase a house and he is going to utilise about Rs.13,10,000 for purchasing the house and the bank authorities are telling that RS.13,10,000 amount will be granted and the account cannot be closed?What procedure shall I follow to withdraw the remaining Rs.40,000 in order to close the account?

Sir, For Assessment year 2014-15, the Govt has extended the time limit for filing audit report U/s 44 AB till 30.11.2014. If we donot file return of income as on 30.9.2014 which is suject to Audit 44 AB, what will be the penalty

Dear friends,

Please help me in following case

Case 1

Transporter having Total Gross Receipts is Rs. 90 Lac,
He has taken all the 12 Trucks on Rent

In which section i have covered
Section 44AD
Section 44AE
or can i declare profile lower than 8% of Gross Receipts without Tax Audit


Case 2
What will the answer if i have taken only 9 trucks on the Rent

Please suggest some good ca firms in New Delhi for Articleship

transaction date
date of deposit
Date of booking
acknowledgement no.

positive
and negative figure of same amount in 26 as what is meaning of i.e
(1) +10000
- 10000
(20 + 20000
- 20000 in tds column
while calculating Total figure of any section what is its importance.

I have inherited a property after my fathers demise along with my siblings which is given on rent.
I now plan to buy a property in my name from my funds.Kindly advise whether the property that i buy will be treated as my second property from income tax point of view.I belong to the high tax bracket while my siblings do not fall in the tax bracket.how can i plan my taxation efficiently to minimise my tax liability.

Thanks in advance

as per sec.35 certificate of incorporation once issued cannot be challenged in any court or tribunal on any ground whatsoever. even where the signature on memorandum Is forged. but is there any penalty or punishment regarding this. If yes then pls explain

Do kindly provide me the link of supplementry book- ipcc - Nov 14- auditing and assurance subject.