my firm is guju ( gujrati) base firm & all artical are also gujrati (related in some way frm principle) exept me ;so he always give preferance to those guju .and he use to give works such as depositing cheque & such small work please tell me i want to take transfer in second year of my ca articalship is it possible please suggest

The other day my friend asked me why profit and loss account? it can be termed as profit "OR" loss account na..??
(he further said that there will either be profit or loss so why to call profit and loss account..?)
So any clarifications regarding the above mentioned matter..?
Thanks & regards,
Mahesh.

WHETHER SALES LABOUR BILLS ARE INCLUDED IN GROSS TURNOVER FOR FIXING EXCISE LIMIT AS PER E.G. SALES LABOUR IS RS. 6 LACS AND OTHER TURNOVER IS RS, 1.48 CRORES.

SO, TOTAL TURNOVER IS RS. 1.54 CRORES.

WHAT LIMIT WILL BE CONSIDERED ? RS.1.54 CRORES OR RS. 1.48 CRORES ?

IS there any diff. between capital redemption reserve and debenture redemption reserve?

i have recd an intimation u/s 143(1) with demand and the demand is ok. and accordingly i have paid the tax with interest and the same shown in the form 26as. now can i file rectification by adding challan. the income tax department still shown demand of the same amount eventhough the same is paying by me.
pls reply as soon as possibel.

thanking u

Respected Sir/Madam....

As i know the procedure for surrender the PAN Number of Partnership Firm i.e. dissolution deed and apply to Income tax department but there is little bit confusion...

One of my client had get the PAN number, registered date 01/01/2012, till then his earlier consultant with whom my client is concern had not file any return and now the consultant is not in the contact of my client.

now client told me the story regarding this firm creation and good thing is that there is no transaction in the name of the said Partnership Firm.


now my question is...

what is the procedure for this kind of company surrender...???

do i need to file the return of income??

if yes then for ass. year 2012-13.. how is it possible???

thanks

Interest accrued but not due to a scheduled bank will fall under ambit of 43B items or not?

Hi,

I am an individual and received a property from my father as a gift by proper forming gift deed and paying stamp duty.

Now i am married and want to create my own HUF in that case can i pay rent to my own HUF and avail HRA exemption as i am salaried person.

Point to keep in mind :- Property is in the name of me being individual not my HUF as that was not exist that time.

I will pay rent to my own HUF and will take HRA exemption on the basis of that?

Please resolve the query and also let me knwo if i require to transfer property to my HUF?

Due to Password problem i have given application on 8/4/14 to give new PW. But he dosent give us but we have make the required tax pmt within due date so i cant file return till 30th. accordingly he has given on 3rd may 14& we have filled the return on 7th may for April 14& May 14. Now my Question is that whether we have to pay the late filling of return penalty and if yes how much.

Dear sir,

i need the clarification regarding the cenvat credit availment and utilisation on cenvat credit on input service and capital goods.

Basically we are in construction of buildings and selling to the customers i.e we are a developer and builder.

we avail the abatement 75%, and pay ST @ 3.09% on the receipts. I have a query whether i am eligible to avail the cenvat credit on input service and capital goods even after availing abatement.

please clarify at the earliest.

with regards,

R. Gurucharan.