agreeement to sale a propwrty is entered on 27 march and token money of 4 lakhs is paid against full consideration of 25 lakhs which will be settled on 26 may nw question is how the property should b adjsted? wether it should be adjusted against 4 lakhs or rs 4 lakh should be shown as an advance to purchase the property on balance sheet date thanx in advance

what is the last date of filing income tax return for individual for ay 14-15 ?

I am working in private company. My employer missed to consider Medical expenses reimbursement (Max ceiling Rs.15,000) and deducted Tax accordingly. Also furnished Form 16 to me without cosidering Medical expenses reimbursement.

Can I consider the same exp. while filling ITR 1 and apply for Tax refund ?

Dear sir,
my friend having income Rs.160000 from life insurance commission & rs.35000 from interest on FD on which tds deducted. he have not maintain any account book. pls suggest me in which form he have to file return, if possible pls send a dummy filled itr form for the same amount income. my id is devendra.agarwal@ambujacement.com

As per finance Act, 2014, as per Section 56(2)(ix), It has been provided that "any sum of money received as an advance or otherwise in course of negotiation for transfer of capital asset - if
1. such sum is forfeited and
2.the negotiation does not result in transfer of such capital asset

then, such forfeited amount will be treated as ' Income from other Sources' "

Now, My question is , Does amount forfeited for Partly paid up shares shall be treated as ' Income form other Sources' as earlier is was treated as Capital Receipt and was not Taxable

I am going to give IPC exams in november 2014, I want to ask that is there effect of companies act 2013 or any other effective change on syllabus of accounts and advance accounts an Cost Accounting and Financial Management as I have study material of 2010 edition and PC Tulsian book for Accounts, Advance Accounts and Cost accounting and Financial Management of March 2013 edition. Should I buy new books for the above subjects or preparing from them is enough.Please reply as earliest.

Read more at: https://www.caclubindia.com/forum/query-298796.asp#.U8yccPmSzW8

DEAR ALL
I HAVE A QUERRY.

THERE IS A ASSESSEE WHO SOLD CERTAIN AGRICULTURAL LAND ON 10-09-2011 (DURING FINANCIAL YEAR 2011-12) FOR Rs. 25,00,00,000/- HOWEVER ASSESSEE DIDNOT FILED ANY RETURN.

ASSESSEE DIED ON 30/09/2011.

LEGAL HEIRS OF ASSESSEE PURCHASED AGRICULTURAL LAND BEFORE DUE DATE THAT WAS 31/08/2012.

ON FINANCIAL YEAR 2013-2014 LEGAL HEIRS OF ASSESSEE RECEIVED NOTICE U/s 148 TO FILE RETURN.

MY QUESTION IS THAT CAN WE CLAIM EXEMPTION U/S 54B IN RESPECT OF AGRICULTURAL LAND PURCHASED BY LEGAL HEIRS.

DEEPAK DABRAL ( ca.dd.2012@gmail.com)

dear sir what is pf and epf?wht is thae rate for pf and epf?if we want to withdraw wht is the basis amount will be credited in our account?

BILL OF ADVOCATE RECEIVED ON JUNE 2014. IS SERVICE TAX PAYBLE IN JULY 2014 IN CASE OF COMAPNAY.

what is date if ca final exams