I have started my articleship on 20/2/2013 and continued in the firm till 31/8/2013 . I took transfer from there on 1/9/2013(Sunday).I joined new firm on 2/9/2013. I want to know when will my term of articleship complete on 20/2/2016 the actual day when three years of my articleship completes or some other day due my transfer.

While checking the condition of utilization of 85% of income earned by the AOP during the year(u/s 10(23C), which items should be considered to check whether 85% has been used or not?

Should it just be expenses or items like additions to Fixed assets, investments, debtors, addition to bank accounts or addition to cash should also be considered?

What should be done about reduction in bank a/c or cash balances?

Should debtors or advances also be considered?

Please reply.

Hello everyone,

one my salaried client has filed his ROI for AY 2011-12 and now he has received the above notice requiring him to produce too many documents ( family tree, names of relatives dependent, their bank accounts and their assessment details etc)

I have to produce these documents on 5th november 2013 but all the doucments are not ready since client is out of station but i have POA signed in my favour. This is my first scrutiny case and i want to handle it myself.

My question
1. Is notice valid since ROI is filed ?
2. Is it mandatory to produce all the required deatails on the first meeting ?
3. Any other things that i should take care ?

waiting for the views of the experts.

My friend has sold the residential property in last week amount 64,34,000 and stamp duty was 450650.Date of Construction as per the Deed was 2005 -2006 but property was registered on 14.08.2008. Purchase value was 2,435,000 and stamp duty was 1,61,450. REpair and maintenance was 1,00,000 in the year of 2008 and 1,00,000 in 2009.

Can any one tell me what will be the Capital gain in this case?

I have a client of mine who is NRI. He sold his property in India in Last week. Purchaser of the Property Deducted 1% TDS on the property and give him the Cheque in INR. NRI Deposited the Cheque in his India Bank Account. Now he wants to take these funds to UK. In this case Both the REmitter and Remitee is the same So what is the process to b followed to transfer of funds??
Shall i need form 15CA and 15CB for that or any other alternative??

SIR,

I AM A CA. WHEN I LOGGED IN TO MY ACCOUNT IN IT SITE, ON MY DASH BOARD THERE IS A LINK LIKE "CLICK TO VIEW NOTIFICATIONS". WHEN I CLICK ON IT THERE IS SOME NOTIFICATIONS ARE VISIBLE BUT IT IS NOT MATCHING WITH THE NUMBER OF TAX AUDIT REPORTS FILED BY ME.
THEN WHAT WILL BE THAT TRANSACTION IDs. CAN ANY ONE HELP ME?

If a society is carrying on charitable activities of education institutions and is approved u/c 10(23C) and the following defects are found in the return after the scrutiny u/s 142 started:

1) On some expenses TDS was not deducted
2) Payments were made which were ineligible as deduction due to 40(A)(3) dis allowance.

Since, the entire income is exempt under section 10(23C), will any tax be leviable on these amounts or not?

Please reply. Its very urgent.

If a society is carrying on charitable activities of education institutions and is approved u/c 10(23C) and the following defects are found in the return after the scrutiny u/s 142 started:

1) On some expenses TDS was not deducted
2) Payments were made which were ineligible as deduction due to 40(A)(3) dis allowance.

Since, the entire income is exempt under section 10(23C), will any tax be leviable on these amounts or not?

Please reply. Its very urgent.

Dear Sir,

Pls tell me that what is the purpose of Form 15G, 15H, 16G, 16H
Regards,
Rahul

I am about to change my current surname to my actuall family name. From where to get afidavit? Is it a stamp paper or typed on blank paper? On what conditions does notary attests such affidavit? Who are the witnesses? What's the further procedure?