In case of Sec 44AD, whether any addition on account of alleged undisclosed stock can be made because, once assessment has been done, no other addition can be made. Secondly, difference in stock comes as a result of assessment, non maintenance of books etc. Kindly give your opinion.

Hi All,

The following is the situation I need a clarification on.

A company limited by shares was incorporated in February 2012. The company is an IT Company and till dated no returns have been filed.

I would be extremely grateful if someone could guide me with what all are to be done. Company is not on profit till dated, but will there be penalty for non-filing on returns ?

Please clarify all the requirements.

I heard some buzz that there is going to be some changes in the syllabus of ITSM for CA IPCC NOV 2014. Can you guide me regarding whether it is true and what inclusions are going to take place(if any).

Thank you in advance.

how can I prepare well in ipcc exams to avoid mess

Pl let me know the process for closure of an LLP and also format of documents needed for the same.

Thanks
Monali Shah

we have 2 companies... Company X & Company Y.. Which are independant of each other i.e. no subsidiary- holding relation.

TDS for Feb14 of the company X is wrongly paid through internet banking of company Y by my assistant.

And now he has again made a mistake of paying TDS for Feb14 of company X through internet banking of company X.

So ultimately he ended up depositing double TDS amount for the Feb 14 of company X.

Experts, please let me know the procedure to get the refund of double TDS paid through Company Y.

X is selling goods to Y its a LOCAL SALE... Please check the following cases
....X has TIN Number and Y has TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X has TIN Number and but Y does not have TIN Number....
........VAT will be Applied, but what will be the TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y has TIN Number....
........what TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

....X does not have TIN Number and Y does not have TIN Number....
........What TAX will be Applied, what will be TAX %
........What Heading Should be Print on Invoice (Tax Invoice or Retail Invoice)

answered my c.s professional thrice but not able to clear even 1group.had registerd for proffessional in 2011. now my registration validity is due to expire in next month.i have got 2 query
1whether i am capable to continue or passing inter was a fluke?
2 can i enroll for the new scheme as i am also eligible for denovo as well?
n yes i really thank ca club for the forum !!!!!!!

In a problem of my daughter,s B.Com. exam, under the head-income from other sources following detail appeared.

VALUE OF GOLD CHAIN FOUND ON STREET Rs.30000/=

How to compute it? Is it liable to be accounted for and taxable? Pl. guide. Exams today.

An agreement to sale was registered at the time of booking the flat in Feb 2011. The building is under construction and no possession is handed over by the builder.
1. if the flat is sold in June 2014 will there be long term capital gain?


2. If the flat is made ready and possession is handed over and then the flat is sold. Whether will it be a long term capital gain?