DEAR SIR,

WHEN ANY BILL LEFT OF PURCHASE IN FY 12-13. THEN WE TAKE IN FY 2013-14 IN REGARDS OF INCOME TAX.

AND ALSO WE TAKE BENEFIT OF VAT INPUT ON SAME ?

Hi

I am an IPCC rank holder. My Ca final attempt is due in May 2014. I am getting only 3 months of study leave from my office as I am doing industrial training. Can anyone please help me as to how should I plan to get a rank.

I would be completing my first reading of course ( except law and IDT ) upto Jan 2014. Can anyone tell me where do I stand or whether I should speed up my preparations so as to secure a rank.

Please anybody help. I am very keen to get a rank.

suppose if mr.a has got his share of cash from sale of ancestral property then what would be the effect of this sale and capital gains in b/s and p/l of mr.a?

My Query Related to 44AD,

Mr. “A” has filed return u/s 44AD of the income tax act 1961 during the financial year 2010-11. He has declared income @ 8% of total turnover 48,00,000/-. And he has not filed and figure regarding Closing Stock, Sundry Debtors and sundry creditors in ITR-4.

Now in Next financial year 2011-12 assessee has achieved turnover above then 1 carore. Books of accounts fall under the tax audit in same year in the same year he has shown opening stock as valuated in books.

Is AO can make addition in FY 2011-12 on the basis of this that “A” has not declared closing in FY 2010-11 and he has shown opening stock in audited trading account?

Hi!Everyone,

just i want to know that if, i develop a website from outside India, Is Service Tax applicable or not, if yes , than in which Category?

Thanks in Advance.


Best Regards,

AN EMPLOYEE IS STAYING IN RENTED HOUSE.

HE HAS TAKEN A LOAN FROM BANK. BANK CERTIFICATE GIVEN FOR PRINCIPAL AND INTEREST FOR 2013-14. ONLY INTEREST IS DEDUCTED FOR THE YEAR.

CAN HE CLAIM DEDUCTION UNDER SEC 24(B) FOR LOSS ON HOUSE PROPERTY I.E. RS 150000.00 AND REBATE UNDER SEC.80C FOR PRINCIPAL AMOUNT REPAYMENT.

HOUSE IS NOT COMPLETED AND NOT SELF OCCUPIED TILL 2013-14. IT WILL TAKE TIME TO BE COMPLETION OF HOUSE AND POSSESSION THEREOF.

Dear Sir,

one of my client provides export service amount Rs. 12 Lacs and provides domestics service Rs. 6 lacs.

1. is he liable to register in service tax.?? (i.e. basic exemption of Rs. 9 Lacs is available because export of service is exempt from service tax)

2. if registration of compulsory than he is liable to pay service tax.?? (i.e. basic exemption of Rs. 10 lacs is available for domestics service provided, export of service is exempt earlier.)

please clarify

Thanks in advance

bank has deducted tds on my F.D. coz of non availability of pan card @ 20%.Now i want to refund that amount...could u plz tell me the whole procedure to get the refund..and i am a student having no income..so how can i file my return..

Experts

Pl guide me on following Capital gain issue
involving sale and purchase of property

1. Wife a retired employee sold flat which is in her name and deposited entire proceeds in capital gain account scheme and tax return was filed for fy 12 13

2. Husband retired employee wants to sell his flat now (FY 13 14) and intends to use both his sale proceeds and wife capital gain amount to purchase another flat jointly with equal rights (50:50)

I went through CIT vs. Ravinder Kumar Arora case but still want to check with experts

1. Can this type of arrangemnt be made ?

2. If yes, would that have any implicaiton
from tax angle on the parties ?

3. Treament of same in husband's FY 13 14
tax return

Thanks in advance
Jayaram

The property belongs to the owner 'A' who transferred the property to 'B' by way of sale agreement (agreement not registered) after receiving consideration from 'B'.

'A' filed the Income tax return under capital gains.

Meanwhile 'B' appointed POA 'C' on behalf of 'A' on the same day of sale agreement.

'E' purchased the said property after paying sale consideration to 'B' and deducted TDS from 'B'.

Is it correct? From whom TDS should be deducted and paid ('A' or 'B')