One of my clients is a Real Estate Broker. His receipts for the FY 2012-13 is around Rs. 25 Lacs. Is he eligible for Income Tax Audit applicability for profession or Business ??

Waiting for quick assistance ......

how shall i write off preliminary expense amount in new Profit & loss A/c? I mean can i write off it or should i deduct it from reserve in balance sheet?

Dear Experts,


Is Gratuity is payment is a part of salary income or not.

We have employees whose income from salary is Rs 2.5 lacs and gratuity is Rs 50 K.

Now should i calculate tax or not. Because he do have 80 C Rs 1 Lacs. If i considered Gratutiy stand alone i may have to calculate Tax on 50 K.

Please confirm

Dear Sir,

We are not a service provider so we are only take ISD credit refund.
I have taken refund in April 2012 & wrongly put details in Mar 2012's ST-3 return

what to do?

IS THERE ANY RULE THAT WE SHOULD JOIN RE-JOIN OUR ARTICLESHIP UNDER NEW PRINCIPAL WITHIN ONE MONTH OF FROM DATE OF TRANSFER OR ELSE OUR ATTEMPT FOR CA FINAL WILL BE DELAYED?

One person assumed that his income going to be less than INR 10 Lac in FY 13-14 so can he surrender service tax no.

Our Company is public limited Company having 6 directors. Out of 6 directors 1 is MD and 2 are WTD. Our AOA provides that MD and WTD are not liable to retire by rotation. So please guide me as per Company Law, How many directors I need to retire this year?

X duly qualified cost auditor,consented to the company for his appointment as cost auditor,and accordingly,govt approval for his appointment was obtained. The cost auditor, later on,did not accept the offer.
Advise the company hoe to proceed in the matter.

This is a question for 6 marks and plz reply at the earliest.

Am a graduate and anyone plz suggest me whether to do ca or cs? which one has more value. I already completed mba specialized finance and operations.

I want to enhance my career quickly in 2-3 yrs...plz help

Dear all,

A Pvt. Ltd. Company was incorporated on 21st September, 2010. The subscribers to the MOA are Non-Resident Companies. However the Company received the share subscription amount on 17th January, 2013 post that date shares were allotted to them on 22nd Jan, 2013. Now as per Section 113 of the Companies Act, 1956 the share certificates are to be issued within 3 months of allotment. So the Company will issue share certificates on 18th April, 2013.

Is this valid as per Companies Act??

Is there any time limit within which the subscribers are required to bring the subscription amount...If yes, which provision states that??