Can anyone please tell me d key deletions and additions to the syllabus for Nov 16 exams p.s. : I had appeared 4 May 16 exms
Answer nowWhen wl Correction Window open for Nov 2016???
Answer nowI sold my property as on Feb 8, 2014 and invested the capital gain in acquiring new property in Banglore on May 2014.
Now i wish to sell the Banglore property as on August 27, 2016. Now i understand that due to selling this property i wont be able to claim exemption. But can i now invest in new property under construction and Claim that property for exemption since I have done this before the allowed limit of 3 years.
Thank you for your answers.
Assesse had been doing business of DTP, Xerox and internet café from the financial year 2008-09 to 2014-15. Accordingly the said business income has been shown in his ITR by providing depreciation for the assets used in the business i.e. on computer, Xerox machine, printer, AC and furniture. But as the said business was not running well he closed it and started business of plying passenger bus from July 2016.
Now for the financial year 2015-16 he has only business income from plying bus as his completely shut down his previous business. Now my question is what is the treatment of the assets of his previous business (he did not sold those assets and keep them with him) as per income tax act. Can we charge depreciation of the said assets against the revenue of plying bus or not? If we can not charge depreciation of the said asset against revenue then is it come in his balance sheet? Or what is the actual treatment of this please suggest.
Thanks in advance
One of our clients have taken a loan from a vendor on FY 2014-15 and same has paid in FY2014-15, but interest on the loan paid after deduction on Q3 2015-16.
But TDS has not deposited to department,
Vendor asking for TDS certificate for the deduction.
can you please suggest in this regard?
I have tax a refundable of .Rs.120000.department issued me a refund of 108000 with an interest of Rs.1500. for balance they raised a demand.what journal entry should I pass to account this?
Answer nowRespected Sir / Mam, I am student of IPCC final. I have completed Article training for 3 years on 30-06-2016. I already sent the form ( 108 ) for article completion but have not received any acceptance letter yet. but i received a letter due to my mistake i sent my completion form earlier than due date . it was just sent by mistake and i already have given reply for this letter due to not receiving acceptance letter i could not sent the form for exam Nov-2016. I have applied for exam Nov.-2016 on last date but i am not able to send this because of letter No. for completion training i have to fill in this form .
Answer now
forgotten to pass commission receiveable entry in books of account during closing of FY 2014-15 , commisson received in bank account too in the month of april 2015 and it return has also filed. Now while prepareing for IT return for FY 2015-16 it came to notice
how to deal with it in books of account??
pls reply it's urgent
Thanks in advance
I have currently completed my 20 months of my articleship in Mumbai, i've my parents staying in Kuwait. now i want to shift to Kuwait for my articleship. i am aware that i can do articles in kuwait. but i cannot find the procedure for the same, and also the conditions to be fulfilled by me and the chartered accountant under whom i would register in kuwait. can you please give me complete detail of the above. if not where can i get this information. Thank You,
Answer nowmy client is filed wrong income tax return for the a/y 2014-15 under the income from salary which is wrong head.
actually these income is taxable under the PGBP which is correct head of income. and tds is deducted above 50000.
return filed is belated hence revise return not possible.
how to claim tds refund...
if any method plz suggest.........
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
ISCA AmendmentsNov 16