Lease rights of M/s xyz,a partnership firm,has been cancelled.Can i write off these rights?
Answer nowHi!
I am a direct entry student. I have completed my ITT in April 2013. As per notification dt 29.07.2013 the date of completion of op has been extended till december 2013. My question is that can i join articleship without op and complete it during articleship.
we are engaged in providing "consultancy engineering service". one of our clients has recd order in Dubai. So, in turn, we are asked to provide service at Dubai. So, we are physically providing services at Dubai but raising bill on our client at Indian address as he has no business place in Dubai. In this case, do we need to charge any service tax on our client?
Answer nowMY CA FINAL ATTEMPT IS DUE ON NOV 14 , BUT I HAVE NOT YET CLEARED MY IPCC GROUP 2 exam.. WHAT IS LAST DATE TO GET REGISTERED WITH ICAI FOR CA FINAL NOV 14 EXAM ... PLZ HELP ME...
plz tell me what is the last date of registration for CA final ..............for nov 14
I wanted to know what are the consequences of not showing exempt income in ITR
are there any penalties??
are there any chances of scrutiny ??
An assessee (Individual) has purchased two adjacent flats in a building and combined the two flats into one. Now the question is whether this combined flat will be treated as one house property or two house properties under Income Tax?
If treated as one house property, it will become SOP and no tax on same. However if treated as two properties, one property will be SOP and another will become DLOP which will attract income tax.
Kindly advise on the same
Thanks & Regards
Yash Goyal
Dear Sir,
In case of a partnership firm engaged in civil construction where there were two partners. And one partner has been retire from the firm on 01/05/2012 and second one decided to take over the business in his proprietorship. Immediatly the remaining partner updated his individual PAN with contractee departments for further deductions but he forgot to inform to his bank where they have made fds. Therefore bank keep continue to deduct tds on interest on the PAN of the firm. However tds amount is very small about 2600/- only.
Now please advise me how to deal the matter. Whether I should file return of the firm seperately by showing only interest income
or
I should leave it as it is and file only proprietor's return.
Please tell me colleges for CA final Nov-13 examination for VASHI, Navi Mumbai, Maharashtra. I need this so as to select center for the exam.
Answer nowmy client has planning to take money from foreign investor to set up a new buisness in future. the same is received in currently in the pvt ltd company. the foreigner is just a investor i.e. sleeping partner.
my client has paid up necessary fees for registration of this transcation abou 1.25 lacs.
now my question is.
1. wether a pvt ltd comapny can take a loan from a foreign investor who is not a director, member or relative.
2. what procedure to be followed by the company to take amount from the investor.
3. what document to prepared .
4. which resolution to be passed.
5. can a company first issue the shares to investores and then take a loan is it possibel? because issuing share to him become a shareholder. and then we take money as a unsecured loan.
6. wether tds provision attrated to this.
pls reply as soon as possibel because it is urgent.
thanx in advane.
Hello everyone,
one of my client has purchased a hotel for rs.20 lacs and incurred rs.300000 for lincese and rs.10 lacs on interior decoration.He has given the same on rent for monthly rent of Rs.50000/-
i am confused as to the taxability of this monthly income ie. it will be taxable under which head and treatment of lincese fees and cost incurred on interior decoration?
waiting for the views of the experts ?
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Amortization of intangible assets