Dear sir,

If an Assessee has to Rs.1 Lakh as Income tax on the Gross total income and Rs. 2 Lakh as per MAT sec 115JB.

In this the assessee has to pay MAT.

But my doubt is if the assessee has a TDS of Rs.25000 and advance tax paid 30000.

Then is the Assessee liable to MAT Rs.2Lakh or (Rs.2,00,000-25000-30000=1,45,000).

Please clarify.

I am a commerce graduate and cleared my cpt.
i have appeared ipcc in may 13. can i start my articleship now?? what is the last date of registration with ICAI under direct entry scheme?

What's tax liabilities on purchase by unregistered dealers

Hi all,

I have filed my ITR 2 as I was having only capital gain and I have fully invested my Net sale consideration(land).But when ITR V is generated it shows everything as NIL. Is it right that I had file my income from LTCG ? Since I have fully invested in new HP and balance in CG a/c ITR V shows everything as NIL.Please clarify

Please tell me is it compulsary to file itr for salaried employee earning less than 500000 p.a.for a/y 2013-14????

I have converted from PCC to IPC after 30th Sept, 2012. I have exemption in Accounts, but i did not give May, 2013 IPC attempt. In wake of ICAI recent notification dt: 24/07/2013 will i be eligible to avail subject wise exemption in Accounts in Nov, 2013 IPC examination?
Your valued feedback will be gr8 help.

Thanks in Advance.

A partnership firm applied for PAN Number. IT dept issued a PAN No. for company instead (4th letter was "C"). Now the firm wants to fill ITR-5, however since the PAN No. is of company, IT dept is saying to fill ITR-6.

If the firm opts for rectification of PAN No., it will lose TDS credit. Also is it legal for a firm to fill ITR-6?

What should the firm do now?

Can I get any notes n video of law (ca final) in summary form notes nt in details?

Hi,

I want to know why CAPITAL & DRAWINGS comes under "PERSONAL A/C" in golden rules. Please give clear explanation for this. Because its confusing me a lot.

Dear All ,
Please Help me to resolve the below stated query.

whether it is possible to claim only Income tax Depreciation In the books of LLP in the year of conversion.

Also Whether it is possible to claim only Income tax Depreciation In the COMPUTAION of INCOME of LLP in the year of conversion.
Please reply in detail
If possible help please me with an Example.