respected experts,

iam doing share trading in cash segment (both delivery & intraday), which T.O has exceeded 3crores in 2011-12 A.Y
(my net profit from share trading is 12,000/- only)and normal business T.O is 14 lakhs for the year.

should i do 44AB AUDIT? pls guide.

i am a qualified ca fresher.
can anyone tell me how can i apply for job in audit dept of lodha & co. or s.s.kothari . i already tried on their website to upload my cv but there is problem in updation of cv on their website

I m giving my 5th PCE attempt in Nov 2011 and have also completed my articleship training.
I am filling my PCE form and want to know that, now that i have completed my training and signed form 108, i am not registered under any CA. Who's sign should i take on my "Physical" form in place of principles signature.
I am filling my PCE form manually
Plz help??

Which are the other courses after CA which one can do (not cs or cwa) and can be useful in practising in larger area like corporates?

Dear Experts,

A mine owned by an assessee was taken up by a third party for the purpose of mining. Since the mine was allotted by the government to the assesse, he cannot transfer his rights to a third party as per the agreement with the Government. Hence he joined the third party as a Director and against his rights to the mine, he was paid Rs 75 Lakhs as Goodwill ,which he invested in bonds.

The ITO has not recognised this transaction and they claim that RS 75 lakhs is the salary paid by the third party to the assesse since he is now a director of the Organisation and the amount is taxable.

In my view this transaction is covered u/s 54EA and is not taxable.

Please share your opinions and site case laws,if any.

Regards,

Sukanya

Sir, one of my client is a regular assessee since 2005. Till now, he has paid tax by mentioning his PAN. Now, for the year 2010-11, when he approached the bank for payment of tax, it is noted that his name does not appear for the PAN quoted in the Challan. Some other name is displayed. On taking the matter to the ITO, he advised to apply for a fresh PAN. It may be noted that the assessee is a director in a pvt ltd coy and his digital signature and din is linked with the present PAN,

Kindly, advise what to do.

whether is it possible for a member of ICAI to have his own sole proprietorship firm for say 25 tax audit files and be a partner in partnership firm for remaining tax audit files and other consultancy works.

plz reply

In ITR 4S form presumptive income where are the details for Section 44AF to be filled?
there is no option provided for section 44AF?

What to fill up against the lines:

Aggregate Income Tax Liability (As Computed, see the table below) :

Total Tax Credit Allowed (As Computed, see the table below) :

The table given below is only till AY 2010-11

Whether Cenvat credit of Excise duty paid on purchase of office furniture by a Service Provider allowed to be availed?

Regards,

Ajay