Hi all,
Can you please clarify my query...?
I have undergone my UG degree in correspondence & have 70% in the same. Do i eligible for direct entry...?
Can you please explain...?

I have passed my Ipcc group 1 in November 2013...I was thinking to join Articleship after passing group 2..bt my CA xams clashed with my graduation xams..n I had to choose b.com..as i was getting late at passing group 2..I decided to join Articleship..now m not happy in my Articleship..besides..I have group 2 coaching as well..my sir told me that there is work related to audit but there is not. .he sends us to various companies as outsourced material. ..we are not learning anything related to audit or taxation. ..I want to leave Articleship. ..n want to join after passing group 2 in Feb 2015..if I leave it would result in loss of 1 year for me bcos my final attempt will get delayed..should I do it? if I leave I don't want any record of dis Articleship..I want to start as a fresh article in February. ..is it possible? as I have registered myself as an article assistant at CA Institute...
please assist me. .I am very confused. ..n answer both questions

WORD FORMAT OF DIR4

my client received a gift from son every month through western union. my client don't prefer to receive the same from western union in cheque even western union ready to pay cheque for more than 50000. can we account for gift in cash received from western union or accept in cheque only . gift from cash is ok or not ok.

Dear Sir

Pls advise w.r.t the following:
Facts
* Mr. X is a citizen of UK, working as a teacher in a school in India for last 630 days. (So he is an RNOR)
* As per India - UK DTAA (Article 22), salary income of Mr. X is exempt in India upto 2 years.
* He is getting salary (~50 lakhs) in his Indian bank account from that school & he has no other income in India (except interest on his Saving Bank A/c which is ~ Rs 12000)

Query:
1. While filing ITR-2 his salary income to be shown as zero & exempt income as 50 lakhs. If the answer is positive, the new ITR utility in "SCHEDULE-EI",should it be shown under sl. no 5 (anyother exempt income including income of minor child)?

2. "SCHEDULE-TR" is applicable only for the cases where the income is taxable in both the country & he is claiming the credit of tax paid in UK while calculating total tax liability in India. Pls let me know whether my understanding is correct.

Thanks.

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