Employee has received PF when she left her job and her service was less than 5years. The amount can be divided in four parts
1. her contribution 2. interest on her contribution 3. employers contribution 4. interest on employers contribution.

I think her contribution is exempt but under which section?

Employers contribution and interest on that would be salary and interest on her contribution will be other sources.

Pl. give relevant section rules I found rule 8 part A of forth schedule. But I could not found details of how to charge and under what head.

Pl. advice

sir,
I already completed 2.3 yr of my C.A. Article ship from C.A. firm.

But Now,I want to do Regular M.B.A program
So, tell me how can i put C.A. on Hold or

There is some other procedure, so that i can give my c.a. final examination while doing M.B.A. ?

Dear All,
Can Sole proprietor cash amount Rs. 25 lac transfer to one sole concern to another sole proprietor concern.

in this case sec. 40(a ) 3 apply or not.

When Rs 4,00,000/- profit has been determine U/S 44AD on a turnover of 40 Lakhs which is more than 8% for Ay 2013-14 than which form no ITR to be filed?

ITR form require to give details of P & L & Balance sheet in case profit exceed Rs 1,20,000/- but in this case books of accounts have not been maintained. How can i provide this details?

Pls inform whether these details are require to be filled in the ITR form or not?

Dear Sir,

I am facing some problem in calculation for interest u/s 234 ABC.

Data is as follows:
Data of a Senior Citizen person, Male
Net Income after deductions: Rs.686000
As per this my tax lia arises: Rs 64066
I have not deposited any Advance tax.
My tds deduction is Rs. 44830.
I have deposited self assessment tax on 30th may Rs 12000.

I have calculated interest u/s 234B- Rs.550
234C- Rs. 711.
Balance tax to be paid is Rs. 8490.
Pls advice the correct calculation with computation.
Thanks in advance

Sir

If i am an individual as well as prop. of a firm than please tell me what is my last date to submit Income Tax Return .


Thanks & Rgds

Mukesh Kumar

Whether Tds is required to be deducted on Remuneration paid on Directors of Pvt. Ltd. Company.

sir, i am doing ICWA ..can u suggest me is it good to take up CA along with it & i am also a graduate so can u giv an idea of DIRECT ENTRY SCHEME..
Regards

Dear Sir, I am accountant in pvt ltd company. our nature of business was movie production. From last 2 years like Fy2011-12 & 2012-13 we diduct TDS from parties. Now we are ready to pay TDS with interest. My quary was how to calculated interest from the date of tax diducted. and can i use 2 from 281 for individually or use one from with 2 years payment.

TDS was in 2011-12 - 245000.00
TDS was in 2012-13 - 546000.00

pls how to calculate above.
Thanks & REgards
Nagesh

Dear Sir,
One of my client has demised in July 2012, who was engaged in trading of ready made garments. After his death his son took his business in his hand. At the time of assessee's death about 7 lacs stock and 1.5 lacs cash was at shop. Now please advise me, while making balance sheet of assessee's son, I should take the total of closing stock and cash as opening balance of his son capital a/c.

Please clarify.