Whether deduction u/s 35(i)(ii) or 35(i)(iii) or 35(2AA) is available to all assesee e.g. salaried employee?

Hi,

Someone may please see the following and do the needful:

Query 1

In Form ST-3 - PART-K SELF ASSESSMENT MEMORANDUM - Name - Should we mention the Company Name or the Authorised Signatory Name. System will accept any Name. But I need to know the appropriate one.

Ans: ............. (Pl confirm - Company Name or Authorised Signatory Name)

Query 2

In Form ST-3 for FAQs, somewhere, it is stated that if field B.1.12 is filled in, then the Return will be marked as R & C.

R & C stands for what.

Ans: .............

Thanks in advance for your replies.

A CIRCUS OWNER OWNS ELEPHANT. WILL IT BE TREATED AS FIXED ASSET ? IS IT DEPRECIABLE ASSET ?

WHAT WOULD BE ACCOUNTING ENTRY ON DEATH OF ELEPHANT.?

ANSWER ALL QUESTIONS SEPARATELY PLEASE.

hello sir can we take the transfer after 1yr with mutual consent in the same city?

whether the condition of rejoining outside the range of 50 km is aplicable,if transfer is taken on medical ground or on secondment basis ?

I have few queries.

1) Proprietor expired in the middle of a F.Y. The business of the proprietor was inherited by his son. Father was not maintaining any records relating to stocks of the business.The closing stock at the end of the year was to be on the basis of proprietor and it is not practicable to physically count the stock on the day of his expiry. how to calculate the value of stock on the day of his fathers expiry?

2) If in the above situation father had 4 son's, 3 of them do not want any share of the business and wanted to give their share to the 4th son, what can be done in that situation? can they make a MOU to extinguish their rights in the business?

3) How the return is to be filed of the father as well as the son who inherited the business?

Dear Friends,

I am an MBA finance working in Finance as of now. I want to do Indian CA for my career growth. However, i am a full time employee and might not be able to do article ship leaving my full time job. Is there any ways i can do article ship with full time job and complete CA?

Looking for your valuable advice as to how can a full time employee pass CA exams?

Regards
Santosh

X Co. has received money for business purpose from holding company and on certain sum, TDS was made and deposited with IT Dept. Subsequently X Co. turns into losses and lender, being holding company waives off the amount payable.
Now the question is - whether the amount waived off is to be treated as income u/s. 41(1)for X Co.?
Also, can X Co. claim TDS paid to the IT Dept as expenses? If yes under which section.
Kindly let me know relevant case laws in this regard.
Thanks in advance.

I have my client who is presently doing business transaction with the companies of Bhutan. The Bhutan Companies have deducted TDS on his income. Now the problem arises that while filing ITR 4, the TDS deducted at Bhutan is to be filled for claiming relief, the form requires the Article Number to be filled. I have requested the Income Tax Department to resolve the query but the answer was unsatisfactory. Please resolve my query.

m in second year of my articleship. due to some prsnl reasons i hv to shft back to my hometown so hv to discontinue my articleship in my present firm. my principal has given me noc for the same.
just want to know how much tym it takes to get permision from the institute regarding the same.
as i hv send all the neccesary documents to them on 10th july 2013. but dint gt any respond from their side yet.
plz help