Is Goodwill on Consolidation of Foreign Subsidiary (AS 21 Goodwill) changes from period to period without Acquisition?
i mean due to Currency Fluctuation.
Will the deduction of 80EE available in the following case:
Two home loans are availed:
Rs 24 lakh for aquisition
Rs 3 lak for renovation
Both the loans are santioned between April 2013 to March 2014
Also value is less than 40 lakh.
Dear Sir,
last year my income tax return is filled manually by the my representative. They had generated my online id and password. so that we can check the TDS in 26AS.
But in this year i want to file online return by myself. But i have no password.
I have mailed on validate@incometaxindia.gov.in for reissuance password with pan details. But they says "The new e-filing login password would be shared only to the registered email id". so tell me sir, how can i register my email id to get password ..... if any other remedy is available for me, please guide me.....
IF TOTAL T.O OF THE PARTY IS BELOW TAX AUDIT LIMIT BUT DUE TO CAPITAL GAIN...SUCH CAPITAL GAIN AMOUNT EXCEED THE TAX AUDIT LIMIT...SO WHETHER CONCERN IS LIABLE TO TAX AUDIT?
e.g.:- FOR A.Y.2014-15
TOTAL T.O. :-64LACS
CAPITAL GAIN :- 1.2CRORES
WHETHER LIABLE TO TAX AUDIT OR NOT?
An investor trading in commodities derivatives on MCX. No delivery is taken. how the turnover for the purpose of limit of Rs. 1 crore for tax audit will be calculated.
Dear sir,
we are received 'commission received' statement from Amway. In this statement shown as two types of commission (Personal & Differential). The company says Service Tax applicable only on Differential commission. Not applicable on Personal Commission. Please clarify in this issue.
Thanking You
BALASUBRAMANYAM
TIRUPATI
MOBILE NO : 919703003029
If banking Organization or any organisation paid income tax they gives that effect in Income & Expenditure Account But the payment of income tax is disallowed under Income Tax Act.Why this should not be a allowable Expenditure?
I am an article assistant in a partnership firm and completed 18 months of articleship. Two days ago a partner of the firm under whom I was registered passed away. Now I want to know what can I do. Can I take transfer on the above mentioned ground or I have to compulsively serve under other partner which I dont want to serve.
I have completed CA (Inter) in May-1991.Can i do CA (Final) now. I have been registered for final course in 1991. May please intimate whether I have to re registered for final course.Procedure for registeration may be provided, want appear in Nov-2014 exam.
Regards,
Sanjiv Sharma
Dear sir
I am running "Sakthi Educational Institute" in Tamilnadu. Around 50 students are studying and writing their Correspondence exam. We are conducting only correspondence cource and which is authorised study centre by University.
My students are paying fees locally and more than 30 students from abroad. They are paying fees through on-line from abroad.
My question is
1. Whether I have to register my institute in (a) propritor act or (b) Partnership act or (c)Trust act ( because foreign money is coming to my account (FCRA Act).
2. Bank account in savings a/c or current account or any other?
3.Which tax is applicable
1. Income tax
2. sales tax ( TIN number is necessary or not)
3. Service Tax ( because we are not doing sales, it is purely service activity)
Please guide me.
Thanks and regards
N.saravanan
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Goodwill on consolidation of foreign subsidiary