CA Hari
17 July 2013 at 23:08

Practice vs service


Hi

I cleared my CA Final exam in the month of may 2013. As of now, i am not decided whether to go for practice or Job. Can u Suggest me which one is good??



Anonymous

Hi Experts,

I am an IT professional, and the only source of my income is my salary.

I would like to know if I give a portion of my salaried income to one of my parent, will that portion be exempted from my income tax base amount i.e. will it reduce my taxable income.

Also I would like to know will this exemption be over and above the 1 lakh limit which is allowed for various tax free investments such as L.I.C. premiums etc.

Would be really grateful to you, if you can satisfy my query.

Thanks in advance.
Babu



Anonymous
17 July 2013 at 22:21

Industrial training

PLZ TELL ME MY 2 YEARS OF ARTICLE SHIP WILL GET COMPLETED IN OCTOBER
I WANT TO DO INDUSTRIAL TRAINING IN MY CITY ONLY I WANT TO REGISTER A COMPANY WITH ICAI FOR INDUSTRIAL TRAINING TPURPOSE.

MY QUES IS UNDER WANT TYPE OF CHARTERED ACCOUNTANT CAN I DO INDUSTRIAL TRAINING
WEATHER HE SHOULD BE A CHARTERED ACCOUNTANT NOT HOLDING COP
A CA HOLDING COP AND DOES PART TIME PRACTICE AND PART TIME JOB???


CMA Sneha Nathani
17 July 2013 at 22:11

Remittance of tds

It is possible to Remit TDS on salary to Govt Treasury without Knowing employee's PAN?



Anonymous
17 July 2013 at 21:55

Rental income

Dear all

I m receiving rent From HIGH Commission Canada(Embassy in India) 25 lacs yearly.

I want to know do i require to charge Service Tax???????

Pls give ur suggetions!!



thanks..



Anonymous

Hi,

I have Bank fixed deposit of rs 500000/-
for 2 years and interest is paid at maturity.

1)Fixed deposit was made on 3rd july 2011 and
has matured on 3rd july 2013.

As it has traversed 3 financial year
I have submitted 15H(Being a senior citizen)
For FY 2011-2012,2012-2013,2013-2014.
as I have calculated for the financial years including this income my tax will be nil. bank has not deducted Tds

Now i have got Rs credited in my account on 3rd july,2013 Rs.609201 (Interest 109201). My question is this interest 109201/- is income from other source in FY
2013-14. or the accured interest on this Fy 2013-14. Please advise.


parag
17 July 2013 at 21:46

Salary tds

Dear expert

We have not deducted tds of one of our employee during first quarter but from second quarter on wards, we are going to tds on his salary. My question is that at the time of filing return of second quarter, should I have to show amount which has been paid during first quarter also?

Kindly reply.



Anonymous
17 July 2013 at 21:31

Intrest on saving a/c treatment

hi,
i am salaried person n want to file my itr.
i come under 30% tax slab.
I received Rs 8750 as intrest on my saving a/c
So can i get benefit under 80 TTA or should i pay tax on it


Sandeep
17 July 2013 at 21:30

Interpretation of tds 194j

Hi All,
Section 194J says Any Person responsible for paying any amount.......Definition of Person includes foreign company..
My client in India is providing technical services to company incorporated in USA.
MY client is receiving in dollars..

I have doubt in this transaction.
Whether Foreign company is liable to withhold the tax....

I am expecting the answer based on the reading of act..
As Foreign company is included in Person as per income tax.....
Logically we can say he wont come under Indian income tax jurisdiction...
But Reading of definition of person and section 194j is confusing me...



Anonymous
17 July 2013 at 21:14

Ipcc preparation for nov 2013

is scanner enough for cost fm n accounts preparation (ipcc grp 1) ?





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