Hii all I want to know about when we calculate profit u/s 44ad for partnership firm at that time for findingout remuneration intrest on partner's capital should be deduct first from profit or as it is directly calculate on 8% profit?

i had received the letter from icai which states as follows.
"this is with reference to papers submitted by you for the completion of articles of Mr. balasaheb wro .
we have since noted in our records that mr.balasaheb wro (No.) has completed the articles period on 25-01-2016 "
so i have completed my articleship ? is there any special type letter issue the icai in this regard?
pls ans immediately i am in trouble.

Dear all,
I have to file the correction statement for FY 2011-12 for a nationalised bank. I found that in all cases of PANNOTABVL, Deductors name and PAN were filled, i.e all credit has been availed by bank. It can be intentionally or unintentionally, because it is very old case, but what to do now???
How can i correct this error??

Thanks & Regards

today i am received one bill
transaction in contract base 94 C 2%
Ass.Value : 30,000/=
Service Tax: 4,200/=
Total Amount Paid : 34200/=

So Can I deduct TDS On this Transaction or not ?
Beacuse of 94 C Payment of Contract Rules Rs.30000/= For Single Payment
but as per rules tds deducted on Before Service tax amount ...

In banks' account opening forms of savings, FDs, loan etc , there are mentioned few terms and conditions. Sometimes its written to refer the online website of bank for terms and conditions.

My queries are:

1. Are these " terms and conditions " approved by RBI or any other government authority? If yes, how to know each and every line of "T&C" is approved, as banks may add some extra lines in the approved "T&C" for their benefits.

2. In the account opening forms, only few "T&Cs" are listed and for rest its written to visit bank's website. Is such practice approved by RBI or any other agency? For accessing website, internet is needed which majority of people in India don't have access. Also banks don't provide the printout of the "T&C" displayed on website. So the account opener during account opening only knows the "T&C" written in the forms and as told by staff, if staff speaks.
So will such "T&C" displayed only on website and account holder have not read during account opening, applicable ?

thank you,

I am student of ca final and I want to change my correspondence address which I have given to ICAI. Is there any way so that I can change my correspondence address.

Dear Sir/Madam,
I got notice from IT dept. it says your return is defective due to no receipt or income has been offered in any heads of the incime for the TDS claimed in the return. We have filed ITR-7 within due date However we have not given any details in schedules of ITR-7. My college has earned income less than 15% of gross profits from educational activities and interest on fixed deposits. Whether this income should be mentioned in Schedule-BP and OS in ITR-7? And how to claim exemption u/s 11 in ITR-7? Please clarify.
Thanks and regards
Nagaraju

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.

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

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?