Our company has not filed Balance sheet for continous period of 5 years. Now we want to voluntarily file a petition with CLB for condonation of delay u/s 621 .

Do we have to file petition for all 5 yrs separately or 1 petition for all 5 yrs would be enough?

One of my client Live in juhu area. Is building has gone in to redevelopment and builder has given him a compansation for 18th month rent from April 10 to Rs. 45000/- p.m. totaling to rs. 840000/- he has also received hardship allawance Rs. 643000/- My question is 1) if taxable than which AY will be taxed ?
2) expenses and rent , conveyance etc. are allowed against income or not if taxable than under which head ? capital gin or other income ?
3)What are the ways to save tax ?

Good Morning Everybody,

I have cleared my PCC exam in Nov.,09 & Enroll for Ca final.

My query is, my Attempt of Ca Final is due in Nov,10 & my classes(For A/c,MAFA & Law) will starts from 24th May,10.

So please Suggest me whether should i appear in nov,10 attempt Or not i.e. 5 months(June,10 to nov,10) are enough for preparation including classes also?

Please suggest me

Thanks in advance

Hi to all,

Example:
From past 3 years i am earning salary of Rs 75000/- p.a. So i have not filed any ITR for these years. Now i am recieving a salary of Rs 100,000/- p.a. and income from other sources of Rs. 80,000/- p.a. Hense i ahve to file ITR for this year. My annual expenditure (personal) is Rs 40,000/-. Can i show my opening capital of Rs 105,000/- in my ITR for this year? Will there be any tax liability on such capital?

Plz Suggest

Regards

A food Restaurant receives a show cause notice from CE department. The issue was, the Restaurant preparing foods and selling those foods to customers who are coming and had foods and in parcel also, the notice stating that the foods are manufactured by the restaurant, since ultimately foods are completely distinct from a product which was originally input. [e.g., Dosa which are completely different from Rice(Raw material), Floor (WIP), Dosa (Finished goods)].
Advice:
1. Whether the issue of show cause notice is valid on the above issue?
2. would your answer will be different, the foods are sell to customers in parcel with a brand name of the restaurant?

Hi,
Respected Member of CCI

One of my office client have negative balance in Cash balance in books of account.
So how i adjust such negative balance in positive in appropriate manner and pratical way please guide me.
Before i go my principal i want to know way to handle this.

Thanks
advance

hello sir,
i am umesh aswani , student of ipcc , i cleared my first group of ipcc in nov 09. & now my second group in may 10 please friend help me about new sa & revised sa are issued by icai are applicable for may10 or not . because i collect all new & revised SA from internet . so i can refer or not is in exam which SA applicable

Dear Sir,
I am doing MBA from Distance.
Kindly reply me as soon as possible.
can I pass the CA Exam with my Articleship.is it possible.Tell me the time when I study because articleship timing is 8-10 hours in a day.
should i take tution for CA Course.
Kindly reply me as soon as possible.

please any one clarify me the difference between Provisions and Accruals.

Dear Experts
Pls provide me the changes in TDS rules as compared to old rules so that they can be easily understood, interpreated & applied. My Email ID is- yuktibajaj@yahoo.com


Thanks in Advance

Rgds