An individual being salaried taxpayer has made investment in NSC of Rs. 40000/- in name of wife in financial year 2010-11. Now, it got matured in Mar'17 i.e. after six years for Rs. 60000/-.

Now, the wife want to make investment in FD in her name. Whether it is safe to invest Rs. 60000/-. Whether any notice from ITD may be served for being exceeding Rs. 50000/- or she should invest for an amount below Rs. 50000/-.

Please advise for which amount she should proceed for investment.

WHETHER TDS WILL BE DEDUCTED ON PREPAID EXPENSES , IF AMC PAID FOR 2 YEARS IS RS. 3 LAKH. 1.5 LAKH PER YEAR. AND PAID TO PART ALSO.

As per 35D, one fifth is allowed for expenditure incurred for expense on public issue of shares of the company.. However, any expense on public on public issue of shares are not allowed as per recent judgement of Brooke Bond.. Please clarify it..

Whether Interest on MIS which is credited in SB and shown in profit and loss account, should also be taken in Balance sheet under Post office SB Balance.

Whether Recurring Deposit closed during the year should be deducted from the opening balance or not.

Respected Experts,
Kindly let me know that in CS Professional which subject is good for future prospects, Insurance Law & Practice or International Business Law & Practice ?
As i gave two attempts with insurance Law but got very low marks & i also saw that ICSI is giving very low marks in Insurance Law .
Should i change the elective subject ? If yes , International Business Law & Practice will be good to score more?
Please provide your valuable guidance to me.
Thanking You

Dear Sir / Madam, How we can change the Income Tax Jurisdiction against a Individual Pan. Situation is that previously I had pan number with the address of Panipat, now I have change the same with delhi address. But when I have checked in ITR login my address is change but Jurisdiction is remain same. Can you pls confirm is it possible to change the Jurisdiction. Kindly confirm the procedure for the same. Thanks & Regards Kishore

dear experts,

please advise me how to calculate turnover for audit purpose as per given below details :-
1. how to calculate turnover for audit purpose when we purchase and sale shares on same day i.e. future & option.
2. purchase and sale of shares on different day and STT is paid. holding period below 1 year
3. purchase and sale of shares on different day and STT is paid. holding period above 1 year.

please guide me and advise as per serial number.

thanks regards,

rakesh kumar

What is the maximum deduction allowed for professional tax paid in Income tax calculation?

I FILLED CHG-4 OF A COMPANY AND IT HAS BEEN FILLED AFTER 30 DAYS FROM SATISFACTION OF CHARGE , BUT UNFORTUNATELY IT HAS BEEN SENT FOR RESUBMIT ION AND REASON FOR IT IS SHOWING AS"Please apply for condolation of delay and then follow the procedure for filling it with ROC" . PLEASE HELP IN THIS REGARDS.

Mr A was appointed as a Managing director of XYZ Ltd for a period of 5 years with effect from 02 june 2012. so tenure will get over on 01 june 2017. Agm of XYZ Ltd will be held only in august- september. should EGM be convened for his appointment or it can be taken to the yearly Agm. if it can be discussed in the Agm wat would be the position of Mr.A till such time he is ppointed. (i.e. between 02nd june to agm date).