Dear All, Please provide me basic understanding of International and Domestic Transfer Pricing plz its urgent...

I filed belated return for the A/Y 2010-11 & 2011-12 on 31/03/2014.As Belated Return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year, which was in my case 31/03/2012 & 31/03/2013.
Now my question is that :
Is this return filing valid?
If it is valid, then under which section I will be assessed?
What could be other consequences?

Pls help...
hello everyone i am appearing for ca final may 14 exam for both group. I am very confused about preparation of ISCA, i have completed half of the course from Dinesh Madan book and referring with his hand written notes. Now many of my friends are saying that you will not be able to score even passing marks from his book ,instead you should go for study material.....what should i do ??? as not much time left for the exam, it would not be easy for me to start afresh from SM.

Hello Memebers my quires is that I iwsh to obtained Cash as a gift From my mother. whats are the formalites or getting cash gift is taxable or not if yes then in which section and what would be its accountability and whats are the legal formalites for preparing Gift Documents .
What would be the Declaration in what amount of Stamp paper, help me in this regards

Dear Friends
I have a query regarding ST return. As i filed a ST return for the 1st half year Apr 13 to Sep 13. However todays i.e. 25th April 14 i came to know that the return submitted earlier has been rejected as the reason was that in ST3, i filled constitution of the applicant as "registered private company" instead of "firm".
Now i need your help. Please do suggest whether this can be rectified or not if yes then why and not then why not. And also is any penalty can be levied?

Mr.A is running Furniture Business. He bought 10 chairs at
Rs.1000 each. He used one chair for his personal use.

I have joined a firm about 1 month ago..
the registration of the same was not done..
Now they say that i have been registered under other firm but will be working under the firm in which i have worked for a month..

Is this a case of secondment?
and also can i know the pros and cons of these situation?

Kindly inform me whether Rebate U/S 87A will be available for the assesse having no PAN CARD.

Regards

Snehanshu Kar Chaudhuri

if a resident employer is paying rs 200000 of salery to resident employee and employee is earning 1000000 of income through speculative business and other income then is it cumpulsory for employer to deduct tds?? what will be sitiution if employee paid advance tax??

I am a banker.A cash credit limit is sanctioned to our client against book debts o/s upto 90 days. But in his latest b/s bookdebt are shown as Nil. His accountant is clarifying that they have adopted new practice of accounting in which they have removed the bookdebt from the asset side and as a double entry book keeping they have deducted the debtor amount from the sales figure. He further is stating that there are sufficient debtors' o/s as on the date of the B/s but since they do not want to add them in sales to save income tax. If they show the debtors in asset side they have to add them in sales also. please clarify is there any prevalent accounting practice.