Sourabh Ambure
30 August 2016 at 14:21

Gift Deed for cheque transaction

Respected Sir / Madam Is gift deed is nessesary for cheque transactions between family members and if not what documents are required and what is limit in those Gift? is previously (in 2015-16) given loan can be transfered to gift to family member in accounts ?

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MILLEE(SWEETY)

SIR KINDLY PROVIDE ME THE ADRESS WHERE I CAN POST MY 109 TERMINATION FORM.
I BELONG TO JAIPUR.
ICAI IS VERY FAR FROM MY HOUSE. SO CAN I DIRECTLY POST THE SIGNED COPY.
ALSO DO I NEED TO SUBMIT ALL THE THREE COPIES...OFICE COPY, INSTITUTE COPY ,AND MY COPY.

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Rsinghjangra
30 August 2016 at 10:41

tds deducted

hello there is case in which employer hai deducted the tds for the fy 14-15 at the higher rate as there was no pan with him in that particular year. bt he apllied for the pan in the fy 15-16 and received the pan. is now he get the refund of the excess tds deducted by the employer due to non availability of the pan as it is showing nil tds in the 26AS for the fy 14-15.???

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YashPorwal
30 August 2016 at 06:15

2 business of proprietor

Can we consolidate the balance sheet of two business in 3CD? Only one concern t/o exceeds One crore . Provide valuable suggestions regarding the same

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Krishna Raja
30 August 2016 at 00:27

Limited scrutiny

Respected Sir.
Good evening. I received LIMITED SCRUTINY letter from income tax department for following issues A.Y 2015-2016
1) Import turnover mismatch
2) Custom duty mismatch

I am proprietor of the company. During sep 2014 I have IMPORTED sheep crust leather from Nigeria for the value of usd- 200,000.70 ( INR-1, 20,00,00.84). I missed to show the purchase in balance sheet. THE VALUE OF THE IMPORTED GOODS NOT INCLUDED IN BALANCE SHEET.
My doubts are
1) How can I solve this issue?
2) If there is any chance for penalty? If yes how much I have to pay?
3) How can I prepare explanation letter.
Waiting for your valuable reply.

Thanks &Regards
Krishna raja

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Prabha Pandey
29 August 2016 at 23:20

CA mock test paper

Do anyone have experience with EDUEX coaching institute in new delhi they provide test paper series for revision of CA Course as per the requirement. IS it beneficial to solve the papers? Anyone suggest.

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krishan
29 August 2016 at 21:36

rcm

Reverse charge applicable on repair and maintenance expenses please suggest

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Ajit Kumar Singh
29 August 2016 at 20:04

Income tax

Dear Members,
One of my client is Franchise of Major Money Changer (Like Paul Merchant/ UAE Exchange) and it is purchasing Currency from customers and selling the currency to Franchisor and getting commission However the commission was not paid separately, it was adjusted in price e.g. if he is purchasing the C/N from Customer (20$ @ 66) and selling it to Franchisor at (20$ @ 68) and this Rs. 2 is his commission which is also reflecting in 26 AS.
Now my question is How to calculate Turnover for Tax Audit.
Option (A) Turnover = 20$ * 68 = 1360
OR
Option (B) Turnover = Rs. 2 i.e. Commission
Thanks in advance.

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varundas

Dear sir,
Actual income of the assessee is 30000 more than reported which was defective .
How can I rectify the mistake and revise the return for AY 2015-16

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Anonymous
29 August 2016 at 17:01

Notice reply

MY CLINT SAHARA INDIA AGENT A.Y. 2013-13 GROSS COMMISSION RECEIVED 1000000/- ABOVE DATE 22.08.2016 SERVICE TAX NOTICE RECEIVED

NOTICE POINT
YOU ARE THEREFORE, REQUESTED TO PRODUCE THE FOLLOWING REVEVANT DOCUMENTS SO THAT NACESSARY CHEKS MAY BE CONDUCTED
1. COPY OF BALANCE SHEET & BANK STATEMENT FOR THE YEAR 2012-13 TO 14-15
2 COPY OF ST-3 FOR THE YEAR 2012-13 AND
26AS

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