Anonymous
11 March 2016 at 14:11

Partner not signing form 108

Dear All,

I qualified in this Nov'15 exam. My partner is not signing my Form 108 for articleship completion. He is asking me to serve 2 months additional. I do not have any extra leave also. I do not have any proof of attendance. I have a calculation sheet of attendance calculated by my firm's personnel and it clearly states that I have no excess leave.
I am losing job opportunities due to this additional service. What remedy do I have against them ? Will form 119 be the remedy ?Kindly help !! I do not wish to disclose the name of my firm.

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Vivek
10 March 2016 at 19:09

Statutory audit

How and when Statutory audit is done?? What auditor supposed to do in statutory audit??

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Anonymous

Our client has received a notice from ITD regarding non filing of income tax return of A.Y.2014-15.In Information Summary, AIR-001 Deposited Cash of Rs.10,00,000 or more in a Saving Bank Account is mentioned.Actually,cash is deposited for tax payment of various persons.Thus, there is no source of income from which such cash is received i.e. no actual income.
Quesion is which option to select in efiling portal compliance section?

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CA SATISH KUMAR N
09 March 2016 at 22:39

Tds u/s 194j

Pl clarify whether Tax is required to be deducted if professional charges for 2 different bills is exceeding Rs.30000/- when the bills are inclusive of service tax and if the service tax is excluded the amount is not exceeding Rs.30000/-.

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richa

hi all icai suggested answer for nov2015 is asking for password. please help me how to open such files

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C.A. Anthony C D'souza

Can anyone provide case law (Preferably Karnataka high court) for deduction u/s 54 for renovation of new house purchased.

Brief background:- Assessee has purchased a new house, then carried out certain renovation and altered the building by making changes and building additional walls etc. After that he started staying there.

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jayendra
08 March 2016 at 21:13

Tax on fd

dear Sir I work in a bank and I earn interest income more than 10000 as we don't deduct any tax for customers if they provide 15g/h but in my case my income exceeds 250000 and my confusion is that how much income should I consider 25000 plus interest income or 250000+ interest income - 10000(exempted)

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Rakesh Tiwari

Need Your urgent suggestion on following issue:

What would be course of action where Consultant filed E- return with huge Tax Payable without consulting the Assessee. Now assesses is Refuse to Pay the same.

In this regard, pls note, that
1. Original return was filed after due date with Nil Tax Payable.
2. Revised return filed with huge tax payable.
3. ITR V Receipt confirmation Received in both cases.

Now, assessee is not agreed for both return - Original(being showing wrong Income Position) and Revised(for showing inflated Income)

Can he invalidate both return ?
can he file another return with actual income & tax ?
should he file FIR for Fraud against such Person?

Now, assessee in urge to file Correct Return, what would be course of action for him?

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Sultan
08 March 2016 at 14:41

Return filed under section 142 (1)

Dear Experts,

One of our client got a notice for non filing of Income Tax Return for FY 2012-13, we filed the return u/s 142 (1). Now CPC has transferred the case to the jurdicitional assessing officer. Should be wait for ITO to send the refund or approach directly?

Thanking You

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S. Devi jegatha
08 March 2016 at 13:01

Poly bag - excise duty - 12.5 to 15 %

Dear Experts,
Dear Experts,

From 1st March Excise has increased from 12.5% to 15% for Poly bags ????

Pl. confirm it.

Moreover, pl. provide the increased excise items list .

Regards,
Devi

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