Anonymous
14 August 2013 at 13:42

Tax audit u/s 44ab

Dear Experts

Kindly guide me in the following issues:

1) Now I have more than 45 Audits (45 audits u/s44AB (above Rs.1 crore) and other audits,say u/s 44AD which is to be audited as per the provision of u/s 44AB (Below Rs.1 crore).Say total no.of audit is 70.(44AB+44AD)

2.Can I do all the above audits?Will the I-Tax site accept all and will not show error after 45 audits?

Please clrify



Anonymous
14 August 2013 at 13:37

Unsecured loan payment

Sir

Given below is the balance sheet of an individual for f.y 2012-13

Capital
Bal b/f 2833500
Intt.Sb A/c -809
Intt on U/L -86950
Intt on ppf - 15200


Assests

Jewellery 500000
Bank Balance 2350
U/L 1090500



Now please let me know if i received Rs 500000/- under U/L ( unsecured Loan ) Than what amount will be considered in assests side and what tretment will be done with TRs 500000/- Lac

Please explain

Thanks 7 Rgds

Mukesh



Anonymous
14 August 2013 at 13:34

Icwai inter

I have completed ICWAI Inter. How can i mention this qualification alongwith my name..? whether as ICMA or FCMA or any other than these..? Please clarify what phrase do i need to use to add this qualification along with this name..?



Anonymous
14 August 2013 at 13:24

Want to get refund of tds

my friend house was acquired by cent. govt. for railway bridge work. govt. gives 11 lakhs as compensation. and also levied 1.30 lakhs as TDS. now how can i show the income from capital gains head. and how can GET refund of the TDS amount?


Dronak D Doshi
14 August 2013 at 13:24

Payment to non-resident experts

An Indian Concern has entered into a contract with an Indian Consultancy firm for some technical services. Now the consultancy firm is calling some of their foreign experts (Employee of their Foreign Branch) to Indian to provide such services to the Indian Concern. What are the income tax liabilities of Indian Concern (Withholding Tax, etc).
And is the Indian concern liable to bear the tax liability of non-resident expert? Please help along with Sec No. and the provisions. Urgent.


Tara Jain
14 August 2013 at 13:18

Reverse charge mechanism

I wanted to know where I can find the provision relating to- if the whole service tax is paid by the service provider under RCM



Anonymous
14 August 2013 at 13:17

Fee paid for cas

We are receiving fees from client for various services rendered namely
1.Book Keeping
2.Computation and Filing of TDS, VAT and Service Tax returns
3.Consultation and other legal advices
4.Internal Audit, Tax audit and VAT audit

Kindly tell me under what head i should account these income.



Anonymous
14 August 2013 at 13:13

Articleship re-registration

Will it be fine,if I submit termination form to Mumbai office and re-register in Pune office?


jayakrishna
14 August 2013 at 13:09

Lost of registration letter

hi frends,
i lost my ipcc registration letter.is it necessary in doing orentation nd itt.or else where

what are the certificates required in registering articleship.is registrationletter is compulsory for articles registration


keerthi
14 August 2013 at 13:06

Tds on transfer of immovable property

Hi all

I have a query regarding TDS on Payment on transfer of immovable property other than agricultural land . As per Sec 194 – IA any person , being a transferee ,responsible for paying to a resident transferor, for transfer of a immovable property with consideration of more than Rs. 50 Lakhs need to deduct TDS @ 1% .As per Sec. 194-IA (3) , the provisions of Sec . 203A relating to obtaining Tax deduction & collection Account Number do not apply to a person required to tax in accordance with provision s of this sec.
Now my queries are, how the transferee should remit TDS amount? How transferee should file TDS returns or is it not needed at all? I mean I just wanted to know how process works.






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