One of our client providing study abroad that is higher education outside india for indian students, client gets commission from abroad in foreign currency. Client is in mumbai. Is this exempt from service tax.

will the finance act of 2016 be applicable on income earned during the F.Y. 2015-16 or the income that will be earned during F.Y.2016-17? That is, does the finance act give rates for the past earned income or the one that would be earned in the new financial year ?

Sir,
My relative has been received a notice from income tax department about excess cash credits in savings account and ask him to submit the response through efiling under compliance tab.

While submitting the response selected wrong option, and rectified the same within 45minutes.

Now my doubt is which one would be selected by the income tax officials as a response.

Either revised one or original one.

Please clarify my doubt and guided about this situation.

Thank you.

Dear Sir,

Assessee became owner of Residential Property which is taken on Lease for 54 Years (From 1950 to 2004) from Bombay Municipal Corporation (BMC). Now BMC transfers ownership in favour of Assessee few years back.

And Later Assessee transfer the right for Redevelopment in favour of Builder. Builder will pay 1 New Flat and Some Monetary consideration for it.

Now what shall be the cost of asset for Assessee while determining LTCG for Monetary Value received ?

Market Value as on 01.04.1981 can be considered as Cost of the asset for Indexation purpose ?

Thanking You in Advance.

Dear Experts,

I'd registered for CA and was doing my articleship for 1 year, later I discontinued because of family issues (I had to find a job and support my family). The stipend was not enough for that. I wrote to CA Headquarters about my situation and asked them whether they can accept my work experience as articleship for the remaining two years?(I'm working in a Big 4 as a Tax Analyst). Unfortunately ICAI replied it can't be considered. My dream of becoming CA ended there. Now I'm confused whether to pursue CMA or CS? Or is there anyway that I can study CA again without articleship? I can't afford going for articleship again as I'm the only one supporting my family. Could you please guide me on the above?

Thanks in advance.

dear sir... i am new visitor of cci. i have a query regarding to become vat or sales tax practitioner. i post graduate in commerce(m.com) with distinction marks. also a studemt of ipcc direct entry scheme. i am working under c.a since last 7 years. amd now i want to become a vat / sales tax practitioner. so am i aligible for that or i have to pass any specific exam for that

Mine is nov 2016 attempt. I want to attend isca in present batch. But those classes are relevant for may16 attempt. Can i attend those classes now?? Amendments in jan16 edition of study material are manageable?? Or they are more. Please help me

actually I am unable to reach to my principal due to Jatt Andolan.... I think there is not any problem if I am going to other Ca for this ?????? thanks for suggestions

Sir icai latest publication is in jan2016. Same set of books will apply for nov 2016 exams also? Or new books and new supplementary study paper will be issued for nov16 exams?? Please help me

Hi Friends ,,Whether icai ll send revision test papers(RTP) of may 16 to our correspondance address directly ,for those who are wriing final exam the first tme ? ,because ,For IPCC I got through post