Dear Prof Bros,
TDS on Salary is deductible on payment basis and not on accrual basis. A co. has not paid salary to its employees due to financial problems.Not deducted TDS. Provision has been made for salary payable.The employee filed return offering salary receivable from co and paid tax himself. In next year co paid the salary dues to employee. Is there any need to deduct TDS by co on payment of salary for which tax is paid by employee? How employee would get tds credit? Would not it be ridiculous or meaningless on part of the co to deduct tds now on payment basis? If co does not deduct tds on payment basis, as auditors what comment to write in 3cd clause? Early solution solicited. Thanks.

I want to know the time limit for doing GMCS 2 and Advanced ITT. I have registered after August 2012. Is it compulsory to complete it before CA final exam? Kindly suggest

Dear Sir,

Please tell me whether rebate u/s 87A is available for Previous year 2014-15?

One of my client had a agricultural land with joint ownership of 5 brothers & 3 sisters located in village Jamiyatpura within 14Kms range from Municipal Corporation or cantonment board area of Ahmedabad & having population of the village is nearly 2000 persons.

This land is subsequently acquired by Gujarat Govt in F.Y.2013-14 & given consideration to all joint owners separately and deducting TDS as per I.T.Rule.

Now query is whether such land can be considered as agricultural land in rural ares hence not considered as capital asset within meaning of section 2(47) of I.T.Act ,therefore whatever gain on sale of the same is not subject to long term capital gain tax.

Please reply soon.

Moreover with a view to claim TDS refund how to show the same receipt in ITR while filing concerned ITR relevant to Asstt. Year.

I have applied for ca final group-I exam 2014 may.

I decided to take 1 month leave from my job

whether I can complete my preparation for the group-I within 1 month.

If yes,what are the strategies? please help me.it is urgent.

SIR

what is the zero coupon bond

Pls tell me

CASE-I:- If I have taken loan for the construction of house property on 01-04-2011 and construction of house is completed on 05-07-2013, but loan is fully repaid on 10-10-2011 (within one year of loan taken).
Then in this case whether there is any pre-acquisition period whose deductions of intt. i will be getting in FIVE equal instalments starting from the F.Y.2013-2014.

CASE-II:- This case is quite similar to above, but in this case if the house is constructed completely within one year of loan taken but loan is unpaid then also I have to consider pre-acquisition period or just I have to consider intt. for the year 2013-14 for deduction.



whether this house property sections applicable in case I am constructing my office by taking loan.

hi,
I am a CA ipc pass student looking for articleship.I have an interest in finance.I have been offered an internship at advantage india advisors pvt ltd which specialises in project finance.The limitiation is that the scope of work will be only restricted to finance..Should i take it ?

can anybody tell me why we, not consider car, furniture or plant and machinery as capital assets

I received a letter dated 9/4/2014 of provisional admission to CA final may 14 exams stating my roll number as well. It mentions that as per my exam form i m serving last 6 months of training and that if any revalidation is required we need to apply for it. Since I registered for ca final in 2012 so revalidation not needed.. But yes 30 months are not completed as on 1.5.14 . I agreee to that. But what to do now of this letter? I will go to d regional office,but wan to know what I m expected to do