I have commenced my articleship on 20th Feb. 2012. But i took transfer from that firm on 12th may 2012 & joint the new firm & on 18th Aug 2012 due to gap b/w these dates, now my articleship will get over on 26th May 2015.
Am i able to give my final exams in November 2014, although i am not going to complete my 2.5 years of articleship before 1st november 2014.(but due to my initial joining date i.e.20th feb 2014 & which is 2.5 years before to 1st november 2014.)

April invoice we received today i .e 5/6/2014. right now we are Paying TDS SO,how much interest we need to calculate on that TDS.

Dear Expert,

As per section 56(2)(viib) of the Income tax act, 1961, where an individual or a Hindu undivided family receives, in any previous year, from any person or persons on or after the 1st day of October, 2009 any immovable property,—
(i) without consideration, the stamp duty value of which exceeds fifty thousand rupees, the stamp duty value of such property;
(ii) for a consideration which is less than the stamp duty value of the property by an amount exceeding fifty thousand rupees, the stamp duty value of such property as exceeds such consideration
are to be considered as income of such individual or HUF.
My Question is that if the said property is disputed (i.e. tenants do not vacate the property) and seller sells the property at a price lower than SDV, then what will be the tax implications ?
Pls suggest any case law.

An Individual having the following incomes during the f.y. 2013-14 :-

1) 175410 NP from a Proprietor business
(Manufacturing), NP is more than 8%
2) 9790 FDR Intt.
3) 4110 Saving Intt.

Whether he is liable to file ITR or not?

Please advise.

PLZ ADVICE,
WE HAVE A SMALL PVT. LTD COMPANY.WE HAVE FOUR PROPRITORSHIP COMPANIES ALSO IN WHICH DIRECOR IS A PROPRIETOR. FOR ANY AMOUNT NECESSARY FOR OUR PVT LTD COMPANY TAKE LOAN FROM PROPRIETORSHIP COMPANY AND PAID WITHIN THAT YEAR OR SUBSEQUENT YEAR..
A NEW AMENDMENT HAS COME IN COMPANIES ACT,1956.
CAN YOU PLZ ADVICE ME WE ARE DOING SO IS RIGHT OR AS PER NEW ULES WE HAVE TO STOP IMMEDIATELY.

PLZ ADVICE.................

ALSO TELL US THE CLAUSE NO IN WHICH THE LAW HAS MENTIONED.

Whether deemed dividend covered under section 2(22)(e)have to be reported in 3cd report ?
If yes, then in which clause it has be to shown?
whether Clause 29: "Tax on Distributed Profits" will attract ?

Dear experts,
Please tel me the process of late Annual return filling of ROC on MCA for F.Y. 2012-13.
I have not filed form 23B either.Please tel me how can i file my ROC return as per new companies act?Do I have to file ADT-1 on GNL-2 for appointment of auditor for F.Y.2012-13 or is there any other alternative??

A owns a flat and transfers it to his mother-in-law by means of a gift deed. The gift deed is registered and property transfer is also registered and due stamp duty is paid.
Are there any tax implications of this transaction for A? Is any LTCG deemed to accrue to him on this transfer? Is he required to indicate this transaction in his ITR2? There is no column in the House Property portion of ITR to indicate this transaction. Has he to mention it in CG portion any where?
What is the tax implication for Mother-in-law?
Please give your views.

If the telephone bill (Airtel)is rs. 1000 and the company makes a payment of rs.5000, rs 1000 will be expensed and the balance rs 4000 will be prepaid expense? advance? in current assets? or i will create airtel as a sundry creditor?

goods purchased within state@4% vat and sold within state @ 0% vat
is input tax credit available