Sale of agriculture Land by a Company beyond 8 km.is taxable or not???? Give Rply fast
Applicability of New Companies Act 2013 for 2014 May CA final exam
is there any benefits to go through the RTP s of previous attempts..? final 2nd grp.. pls reply.. thankyou...
Please suggest me that which books should i prefer for my self study so that it should be in easy to understand language for my may 2014 attempt many of them suggest for accounts both groups p c tulsian book is enough is it so and for law is there any author book which is in question and answer form since in exam there are certain type of it and for costing and fm please suggest better book since i want problems with solutions and for tax some suggest t n manoharan is enough and for it sm and auditing i dont know which book to prefer. if other than this please suggest me so that i will be thankful to all experts.
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Dear Members
Please clarify on the taxability of the following income
Assesse a Sikkimese” individual
1)Director Remuneration received from a Company Registered in the state of Sikkim
2) CapitalGain of sale of Mutual Fund
Thanks in Advance
Dear Sir,
I have uploaded 3CB-CD in following manner. I want to know that procedure follow by me is Right or wrong ?
Procedure:-
1. I have registered my self at Income Tax website with valid Digital signature.
2. Fill form 3CB-3CD in KDK software and generated xml file.
3. After Login from Income tax website I have uploaded following files/ Documents
(a) xml file of 3CB-3CD
(b) digital signature
(c) pdf file of Balance Sheet and Profit
and loss account with all annexure
BUT the aforesaid B/S and P&L are without written "SD".
Rahul Kumar Shrivastwa
If the Amount is not recovered from the trade debtors for a long time say 2 years and the company has not created provision for baddebt for that particular debtor then under which head of Balance sheet(under revised schedule) is that particular debtor posted. (Current Assets or Non Current Assets).
Say the operating cycle of the company is 15 months.
Respected seniors and my dear fellow mates,
I have a query.
A husband having a pension income (tax bracket 10%) wants to give his wife Rs. 10, 00,000 /- (Ten lakh rupees). Wife is a home maker and non-filer of income tax.
Now how the husband can give the amount to wife so that to avoid clubbing of income from the income earned from that money.
I understand some points:
1. That if the wife put the money in fixed deposit then the interest so earned will be clubbed with the husband’s income. So, cannot do that.
2. Again, I think loan to wife is not valid as he doesn’t have the license to do that, i.e.against RBI provisions and charging interest for the same will contravene the provisions of PML Act, 2002. Though, vide argument, if it is valid, please quote the section of the I.T.Act, 1961 or cite a case history.
3. Jewellery, the wife does not have much so as to fulfill the term of “adequate consideration” which she could have given to her husband.
4. Only Left is PPF. If the wife puts the money in PPF then that is the only way, I think, to save the full interest so earned from that money and it wont be clubbed.
Any other way by which the money can be transferred by the husband to the wife and she can invest by which the income which will be derived will not be clubbed with the husband’s income?
Any other valuable tips. Please comment. Need your advice and suggestions asap. And correct me if I am wrong with the above mentioned points.
Thanking you
Somsuvra Mukherjee
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Capital gain