dear experts,

Mr. A (managing director of a company) mortgage his house as guarantee to bank against loan of Rs. 11 crore.

on non payment of outstanding loan bank auctioned Mr. A house and realised Rs. 7.5 Crore

now please tell what is the tax liability of Mr. A?

in Sale agreement Seller is Bank and Purchaser deducted and deposited the TDS in Mr. A account.?

please suggest how to determine tax liability

since the day i took d decision to study for cs. people have been comparing my studies with ca! i'm passionate about becoming a cs but WORRIED why people put CS below CA? is the scope of work less in CS than in CA?

My query is regarding form 27c in timber trade. Due to not much awareness from the income tax department I was not able to obtain form 27c from the buyers and now how do I solve my problem .Cam any one help me .

Can we claim double deduction for stamp duty paid on purchase of property under 80C as well as while calculating Exemption for Capital Gain?

Dear Sir/Madam

I Bablu Sah are not claimed TDS U/S 194H from assessment year 2008-09 and onwards due to not filled income tax return.

So, please guiding to me procedure of tds refund

1.Can a Direct Entry Person is eligible for writing CA Inter after completing 9 months article ship..

2.Then one more thing if the student is going to terminate article ship before 1 year,and not interested to rejoin article ship again till the student, clearing Inter exam.

3. Could the student is eligible for writing the inter exam till cracking the inter exam..??

please tell which book is best for self studying sfm ?? thanks in advance .

Dear Sir

I want to know if party sending bill with service tax then TDS Applicable for party.

Reply

Dear All,
We are facing a peculiar problem while deducting tds on payment of Leave Encashment at the time of retirement.

The first question is when the leave encashment accrues to the employee for assessing taxability of the same?
For ex- If Mr. A is retiring on 31st March,2014 whether Income of Leave encashment will accrue on 31st March,2014(on the last day of service)(in the F.Y. 2013-14) or on 1st April,2014 (on the first day after retirement) (In the F.Y. 2014-15). Mostly it is paid after two or days of retirement.

Second issue us when tax on the same will be deducted?.

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