PLEASE SUGGEST ME TAX LIABILITY FOR THE FOLLOWING TRANSACTION.


A MOTHER WANTS TO GIVE CASH GIFT OF RS.5 LACS TO HES MARRIED DAUGHTER.


WILL THE ANSWER BE DIFFERENT IF THIS GIFT PAID BY CHEQUE. AND ALSO TELL ME HOW THE MOTHER WILL TREAT AS AN EXPENSE OR ANY OTHER HEAD....?



please reply as early as possible



Thanks

I have cleared my IPCC Group1 but not the Group 2 and also registered as an article on DEC 2013 under my CA and too Completed my Orientation and ITT classes as well. Now, I am not in a Position to Continue my Articleship further and want to do job being a Graduate. What should i do to Cancel my Articleship.

Hello sir, i hv completed my 1year articleship training and got atc certificate and also group 2of ipcc. I would like to know whether to continue in future ca course i have to undergo 3years training ar 2years training to get ca certificate?

We are manufacturer & purchased raw material of Rs. 8,50,150/- from another manufacturer & after testing we found some quality issues in same but the same material is usable for production.

We have issued debit note of Rs. 8500/- for the reason "Quality difference in Material"

My question is that should we reversed excise duty as as we have issued debit note @1% of invoice value.

Please help me what to do.

thanks.

Can a Director paid a expenses from his personal account on the behalf of the company and after that he will received the reimbursement from the company????????


if experts ans is No,,,then please give me some advice's, how i treat this transaction.

and

if experts ans is yes, then please tell me any compliance file to MCA regarding these transaction????

My question is whether entry tax is applicable in case a Company sends some goods out for job work and receives them back.

(West Bengal Jurisdication)

Is anyone having any clue whether Pankaj Garg sir is going to publish any book for ca final nov 14 exam? In case if he's going to publish one, then kindly specify by when is the book expected to be available on market. This would be big help. Tks

Dear Sir/Madam,

Kindly go through the following cases and advice me ASAP.
Case1: Mr. Rajeev is own & running a sole proprietorship firm CAP TECHNOLOGIES since the year 2006. It is having a Panchayath License only. The proprietor is having a PAN
Case2: Mr. Kumar wish to purchase CAP TECHNOLOGIES @ Rs. 5000 on 26/06/2014; to use it's existence, goodwill & experience from the year 2006. He have some work order in his mind - which requires past 5 years balance sheet of CAP TECHNOLOGIES.
Case3: Mr. Kumar wish to transform this CAP TECHNOLOGIES into a Private Limited Company under ROC India w.e.f. July 2014; with his friend Rakesh. Share capital ratio among Kumar & Rakesh is 99:1 = 100%.

Kindly advice me on:
1)Take over of an existing sole proprietorship. If Kumar make the purchase, did the entity loss its existence & previous financial history. Whether Kumar needs to register it as a new one. Kumar prefers on the continuity of the proprietorship.
2) Tranformation of it into a company. In this case also, Kumar prefer the continuity of the Brand name.

Thanks and regards
Arun

sir,

i am a salaried person within a slab limit of 2 lakhs to 5 Lakhs.And also i am receiving insurance commission around 10,000 per annu and also deducting TDS.


i am having demat account with 3 brokers.
doing intraday and options trading.

i met loss in future and option for the year 2014 and 2015( in the month of April, May and June 2014)

my question are
1. can i adjust the loss from option trading? and howlong it can be carry forward?

2. which type of return should file?

3. is it come under Business or profession?

pls advice me

thanks
Karthik

chapter is too hard not understand....any tips