Respected Experts, I have cleared gr1 earlier.After a big break from studies I am going to give gr2 in May2015 doing self study.Please advise if I start now will it be possible to cover by May2015 and what should be the approach Regards and Thanks

As per the provision (sec 10(5)), actual airfare or trainfare is exempted twice in a block of four years anywhere in India (2014 to 2017 is one block) for self and family.
Query is if a person travel abroad say, Singapore , then what will be the amount exempted under the above section 10(5) ? Is there any circular from Board?

Please let me know the procedure for above under the companies ACT,2013?

pls tell me that how can i close a private limited company as per companies act 2013?

i have received a notice from cpc bangalore that your return was not accepted and it has been transferred to jurisdictional A.O.

i had filled my return u/s 139 and have hardly any income as 1 lakh as bank interest and 50000 as other souces.

why has it been transferred and what do i have to do??

has it gone into scruitiny??
do i have to contact A.o ??

plzzz help in worry.

thanks in advance

a declaration in writing from directors to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting loans or deposits from others is necessary to be taken in first board meeting & also to be file in MGT-14?

We opened a FD account of rs.1.5 crore. Bank informed us that we cannot closed the FD within one month. SO,We opened OD of Rs.50 lakhs in same bank. after one month we closed the FD a/c, on which we received interest, bank deducted TDS on interest and also taken OD amount of Rs.50 lakhs. The remaining amount transferred in our CC account. Now, In which account group we create the accounts and how the Entry should be passed in Tally. Plz reply as early...

I need to know whether the LC opened for importing the goods with the bank for rs. 1000 will be entered in the books as bank OD?

i deal in installation services and my gross turnover from dt services is less 900000 rs so will i be liable to dedicate services tax....and

service tax liability arise aggregate amount of services or separately each services..............

A Proprietor Concern is doing an F&O, so for that purpose what entry has to be passed. It does not keep any margin with the broker. so Whether separate margin account has to be opened under which head?. What about the charges that has to be debited and how it has to be entered in accounts and what about taxation parts. Please explain?.