Dear sir/mam, I am a student of ca final n doing articleship training n just registered for cs executive . I hv started my articleship training somewhere else from now. I was not satisfied with dat so I thought to do cs executive and I easily got time for studies . Due to lack of satisfaction I took transfer and sastisfy bt now I unable to study atleast one hour. My frst attempt is going to be held in june 2014. I dont start to study even a single chapter. N in april my bcom exam is also going to be held .Nw everybody surrounding towards me are saying dat u should drop out d idea of cs. It cant be possible. Somehow it diverted my mind So please sir/mam suggest me how to plan it so dat I can make it lil bit easy ...plz help me... my training timing is 10 a.m to 7 p.m onwards. .....plz...

Mr.A received a property in the year 2002 by way of gift from his mother-in-law with absolute right to sell in future.But sale took place only after her concerned.Now Mr.A sold the property in 2013 for Rs.60 lakhs and gave her Rs.15 lakhs as demanded for her concerned. Wherther the entire amount of Rs,60 lakhs is to be assessed under the head LTG.or to be assessed separately (ie Rs.45 lakhs in the hand of Mr.A and Rs.15 lakhs in the hands of his mother-in-law) Is Mr.A is eligible to deduct Rs.15 lakhs as expenses for transfer of the assets. Please clarify the matter with sections applicable under income-tax act.

A.Mohammed Koya.

Hi,
One of my client got/applied late for MVAT registration number but he collected VAT on sales on prior to registration. I just want to know Is he/it need to file MVAT return for the period when he/it was not registered? or what is the treatment of the above case.

An assessee gave a Land as his capital in a Partnership firm.
It was a long term asset on which Capital Gain is levied at the value on which it is transferred to the partnership.

My question is whether the assessee can claim exemption u/s 54? If yes, than what are time limit of investment as the assesse has not received any amount from the Partnership.

• The Assessee has filed physical return for AY 2008-09 on 29-Mar-2010 with Total Income of Rs. 77,420 claiming a refund of TDS of Rs. 43,863.
• The ITO has issued an intimation u/s 143(1) dated 07-Mar-2011 with assessed income of Rs. 77,415. However, he has levied interest u/s 234B of Rs 47,380 and therefore has calculated the net amount payable as Rs. 3,517.
• My major worry is that we have received the physical copy of the intimation u/s 143(1) hand delivered at our address without an envelope on 25-Feb-2014. Whereas the backpage of the intimation states that we need to file rectification application within 30 days.
• The minimum exemption limit for YA 2008-09 was Rs. 1,45,000. Hence, the AO has wrongly levied interest u/s 234B since there is no tax liability at all.
• All the IT returns from AY 2009-10 and onwards have been e-filed. The AO has adjusted this tax demand against the refund payable for AY 09-10 & AY 10-11.
• My questions are as under:
1. In my view, the AO has wrongly levied the tax . How should I proceed to recover my TDS of Rs. 43,863 alongwith interest for all these years since the AO has made a gross mistake in assessment and has wrongly levied the tax?
2. I do not have any proof of date of communication of the letter since it was hand delivered without an envelope (usually IT dept sends via post in an envelope). How can I prove the date of receipt of intimation?
3. Would my application for rectification be time-barred?
Please help and prove a suitable format for letter to be submitted to the AO for claiming the refund.
Thanks in advance.

SIR, We have lost 12A registration certificate and do not know the number and no xerox copies in hand.please advise how to get it the duplicate.
Thank you

Respected Sirs,
Assessee received hard cash of Rs 772000(as per sale deed) in instalments as consideration for land sale from sep 2010 to feb 2011 and deposited 700000 straight away in his wife's bank a/c. Land was transferred/ registered in june 2011. Assessee intended the deposit as a gift to his wife but for fy 2010-11 wife did not file IT Returns as income after trading losses was under exemption limit. Now wife has received a no filers notice (no section mentioned) for fy 2010-11 mentioning the information about cash deposit of Rs 7 lac.
KINDLY GUIDE HOW TO RESPOND TO THE IT LETTER.AS returns for FY2010-11 is time barred. How to show that cash deposit was gift to spouse?Is is valid?

hi I have registered for ipcc under direct entry scheme on Feb 25-2014 Wen will I b eligible to write exams and is it mandatory I must start articleship from now on..nd then only will I be eligible for appearing in exams?. please help

Sir, If PPF account is in the name of wife and she deposited in ppf account from her saving account , now her husband wants to claim rebate of that amount u/s 80c from his taxable income since wife does not have taxable income. It is allowable or not.

I am doing typing work (like job typing, typing sale deed documents) as my self employed work and my earning is less than 1,35,000/-.

There is no brand name for my work as I am doing this work in my house itself.

In this case, is it mandatory for me to maintain books of account under Section 44AA for the previous year.

Kindly guide me on Section 44AA(2). Whether it applies to me?