what is the last date of submitting the forms of IPCC MAY 2014 exam??
greetings!!!
sir/madam... i am pursuing my bba and i have also cleared ca ipcc... frankly i chose ca bcoz had no option after +2...but now i have realized tat my interest lies in doing international business tat involves travelling ,networking ,building relations ,tapping new markets etc... kindly advise if i should complete my ca and then pursue mba....and whether doing ca help me scale heights in business
154(1) With a view to rectifying any mistake apparent from the record an income-tax authority referred to in section 116 may,—
(a) amend ANY ORDER passed by it under the provisions of this Act ;
(b) amend ANY INTIMATION OR DEEMED INTIMATION u/S 143(1)
U/s 154(7): no amendment under this section shall be made after the expiry of four years from the end of the financial year in which the ORDER sought to be amended was passed.
From the above can we conclude that there is no time limit for amending an intimation U/s143(1) because in subsection 7 there is reference to only ORDER and not an intimation.
Dear Sir,
I wish to clarify a doubt regarding PF Registration.
1.Is it possible to register with PF authority where the company have the corporate office & admin Office instead of regd office?
i.e.M/s.VG Pvt ltd has office at Pune & its Corp. & Admn office in chennai.Is it possible to register with PF -Chennai Region?
Further Is it possible to add into the head office/factory PF code No, even employees is working in multiple places?
sir/madam plz explain the section 10 (48) of income tax?
My agriculture land was acquired by govt and compensation was received in FY 2012-13.
The capital gain is exempt but I have to pay tax on interest component in total compensation received.
Neither I have filled any Income Tax Return for AY 2013-14 nor I have deposited any Self Assessment Tax on interest income till today as I can file my Income Tax Return till 31.03.2015 with Rs.5000/- penalty.
Now I have received a letter from Deputy Director of Income Tax (Inv) requiring me to submit to him my Income Tax Return for AY 2013-14 and other documents (like bank statements, books of accounts etc).
what are the power of deputy director (inv) in above case or what he can do????
Dear All,
My friends gross salary(for FY 2012-13) is more than Rs 270000/-. He had submitted Homeloane related documents to employer hence TDS has not been deducted from salary.
Now in this case should the employer issue a Form 16? Or Salary certificate on letter head?
On the other hand, employer had provided a Form 16 which
1)IS NOT in the prescribed format(just a simple document contain details about salary and deductions)
2)DOES NOT contain TAN/PAN
3)IS NOT signed by Account officer (just stamped and signed by senear officer).
The most shoking thing, the employer is state goverment.
Can you plese let know,how to submit the ITR in this case?
Please do the needful.
Dear Experts.
We have supplied the goods to Mahgenco project under ICB. Now we want to claim the refund against procurement of raw material for this project.
Now the question is Deemed export also is export, Excise duty refund come for deemed export.
Please clarify.
Thanks and regards
A non resident wins a car in a crossword puzzle and market price is Rs 240000. Tax under section 115BB @30.90%=74160.A company can recover tax from winner and release the car to winner. A company deposit tax of Rs.74160 and give a tds certificate of Rs. 74160 to the winner.
in case if tax is not recovered from the winner,then company have to bear the tax, in such case company have to pay tds
(240000+x)*30.90/100= tax
Tax = 107323
in the hands of winner income shall be 240000+107323=347323.
My questions are
1. what is logic behind grossing up?
2.Difference of 107323-74160=33163 as excess tax in case II ,why.
3. is it loss to the payee?
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