hello ....i m doing articalship in small firm....where i m geting exposure to Income tax and Accounting....but no exposure to Audit.... My question is will it effect my carrier....because after completion of CA , i will be going for job rather than.. opening a firm...

If employer purchased a Group Health insurance policy for his employees. and employees are entertaining the benefit. is any sum received by the employees taxable?

The subscribed share capital of s ltd. is rs. 80,00,000 of rs. 100 each. There were no calls in arrear till the final call was made. The final call made was paid on 77,500 shares. The calls in arrear amounted to rs. 62,500. The final call on share will be :
(a) Rs. 25
(b) Rs. 7.80
(c) Rs. 20
(d) Rs. 62.50
Please answer given with explain.

When any intangible assets are written off on the basis of the expected future benefit & its useful life, then how can Dep will be separately calculated under I.T. Act.? Is Block concept applicable? For e.g. copyright for a book is available and expected life is 5 years? How to show it in Income tax return?

A Pvt. Ltd. Co. has six shareholders out of which four shareholders holds 70 % of total shares while other two shareholders holds remaining 30% . Shareholders who holds 70% shares want to remove shareholders show holds 30 %. Please tell whether this is possible. If so, what is the procedure.
If this is not possible, is there any means that value of shareholding of shareholders who holds 30% shares can be brought to 2% or 3%.

I have a liability under reverse charge mechanism (GTA), so ST paid for GTA do we get the CENVAT CREDIT. If yes then IS THAT we get it in the same return .

i have a client he have a partnership firm in a.y 2009-10 deduct tds and client not file return in that year. i have file firm return ay2012-13return no booksvof account case. claim said tds pay some tax and claim refund please suggest refund proced or not by a.o if case transfer to assessing officer

FOR F.Y.10-11, THE FILE IS UNDER SCRUTINY AND NOW THE I.T. DEPT. GIVE THE ASSESSMENT ORDER WHICH AMOUNT RS. 10000 AND WE PAID THE SAID AMOUNT.
MY QUESTION IS HOW DO WE TREAT THIS ASSESSMENT IN ACCOUNTS & HOW WE ADJUST IT IN ACCOUNTS?

hi,

whats due date for payment of tds on salary for month of march 2014..


is it today or 30.04.2014 (Heard that some circular/notification issued by department stating due date as 30.04.2014), but unable to locate same.

SUPPOSE A MACHINERY RS.455000 AND ON ITS EXCISE AND ADD.EXCISE TOTAL IS RS.109003 AND THIS MACHINE IS IN WARRANTY SO CO.CAME AND REPLACE PARTS OF MACHINERY BUT THEY ISSUED A CREDIT NOTE OF RS.455000 TO ME NOW QUESTION ARISE THAT HOW CAN I AVAIL THE EXCISE CREDIT UNDER EXCISE RULE BCOZ ACC.TO ACCOUNTING I HAVE NO MACHINERY IN MY BOOKS AS PER ABOVE CASE

PLEASE GIVE ME THE ANSWER FOR ABOVE QUERY WITH FULL ACCOUNTING TREATMNET AND WITH RULES OF EXCISE

ITS VERY URGENT