Hi,

I have filled my last year return with Tax Audit AY 2013-14 but for this year my turnover is only 45 lacs appox now my Q is for this year I need to do tax audit or I can filled my return without submission of audit report.

The assessee got the notice from compliance management cell, New Delhi enquiring about filing of return for A.Y 11-12 based on information about sale of immovable property. Again letter for the said purpose received from assessing officer having jurisdiction. The assessee paid lumpsum tax on 28.03.2014. Then he submitted return on 11.06.2014 wirh covering letter as return was time barred and paid full tax and interest. Whether same can be treated as disclosure by assessee and whether penalty can be levied u/s 271(1)(c) by making assessment, issuing notice u/s 148. Any court decision?

can we file revised form 108 for completion of articleship if there is mistake in leave calculation...... if yes dn wt is the procedure for same..... plz let mw knw asap

In case of NCD purchased from secondary market,the gain arising on redemption,will it be taxed under interest or as capital gain

one of the my client had Gross t/o of Rs 62 lacs & net t/o was Rs 58 lacs in 2010-11.I didnt do vat audit as his net t/o is below 60lacs.Now sto has issued notice for non filing 704.Now sto says that turnover means gross t/.is it correct ?.If not then in which section/notification turnover is defined

interest income earned by miner upto 15.12.2012 and from 16.12.2012 when ha became major whether entire income is assessed in the hands of major or income upto 15.12.2012 is assessed in the hand of father or full year income is assessed in the hand of father.

I am a CS student, n doing job in a proprietary firm as a seniour accountant with a pay scale of 10,000/- i am not getting any salary slip coz am getting salary in cash.

I am also having traning completion certificate of CA Articleship. whether this can be claim for the traning exemption in CS

kindly tell me whether i am able to get the Exemption from the CS Traning. and do tell me the procedure for the same

A company will have to pay these expenses below to a supervisor on site. below is the bill given by supervisor occurred expenses on site.
BILL is below:-

Labour charges 2420
Helper 4250
repairing expenses 1215
Previous balance of supervisor will be paid by company.

Company paid only 8000 in Cash &
balance will be paid by company Rs:- 2705

What would be its journal entry in the books of company?

Dear Expert,
Please solve my query,

If a subscriber to MOA has not paid money, then with which timelimit he should pay

And if he had not paid within time limit then what are the consequences

A CULTURAL SOCIETY HAS BEEN FORMED AND THE MEMORANDUM AND ARTICLES OF ASSOCIATION SIGNED ON 1ST DAY OF DECEMBER 2013.AND THE SOCIETY STARTED ITS ACTIVITIES SINCE 1-12-2013.

AFTER THAT IT HAS BEEN SUBMITTED FOR REGISTRATION UNDER THE WEST BENGAL SOCIETY REGISTRATION ACT 1961.

AND THE REGISTRATION HAS BEEN GRANTED ON 10TH DAY OF JUNE 2014.(Under W.B. Society Regitration Act1961)



Q.1 WHAT WILL BE THE DATE OF INCORPORATION OF THE SOCIETY FOR APPLICATION OF PAN?

Q.2 WHAT WILL BE THE STATUS OF THE SOCIETY UNDER INCOME TAX ACT FOR APPLICATION OF PAN?

Q.3 UNDER WHICH ITR FORM APPLICABLE FOR SUMISSION OF RETURN OF SOCIETY?