I received notice u/s 139(9)in which it says that there is negative profit in gross profit or net profit in schedule.

actually, my client incurred loss derivative of Rs. 12000 and i have shown negative profit i.e loss and in profit loss schedule, i have shown this loss under the head" Assessee not maintaining Books of Account" hence i did not fill profit and loss a/c and balance sheet.

Now, while responding to this notice, what should i do?

I HAVE AUDITED MY BOOKS FOR A.Y 12-13 & OBTAIN REPORT & SINGED B/S FROM MY C.A.
FOR SOME PURCHASE RETURN NOT TAKEN IN ACCOUUNTS WE FILEED REVISED RETUN ,
NOW I HAVE TO CHANGE ME CA BUT HE DENIED FOR SIGNING REVISED BALANCSHEET PAPERS . PAYMENT IS OUSTSANDING. IF WE DONT MAKE PAYMENT HE WILL NOT GIVE NOC.
HE ARGUE THAT SAME CA CAN NOT SIGNED IN ORIGINAL & REVISED RETURN. IT IS RESPOSIBILITY OF CA WHAT HE HAD VERIFY.


MY QUERY IS

IT IS CMPLSRY TO OBTAIN NOC FROM OLD CA

IS THERRE ANY RULE THAT CA CAN NOT SINGED IN REVISED BALANCE SHEET.

WHAT ARE LEGAL ASPECTS IN THIS REGARD
CAN I COMPLAINT IN CA INSTITUE IN THIS MATTER..

PLZ SUGGEST RIGID RULLING FOR REVISED RETURN & BALNCE SHEET MATTER.

THANKS IN ADVANCE

sir,
by mistake in filling f.y 2012-13 itr i gave male instead of female in sex column,is there any problem sir and is there any need to file revised return.
it is zero taxable return .

The (Revised) Schedule VI requires to disclose the default in repayment of loans to banks/FI continuing on B/s date in case of Long-term & Short-term debts. What is to be understood as "default" here? Whether a minor delay of 5-7 days in payment of EMI due on B/s date should be disclosed? Please explain the clear meaning of "Default" in this context.

Which of the following is false?

a) Consideration must move at the desire of
the promisor

b) Consideration may move from promisee (or)
any other person

c) Consideration may be past present or future

d) Consideration must be adequate

Dear Sir,
Online upload of audit report would be done with the digital signature of assessee
or
It would be done with the digital signature of CA.

Please clarify.

Sir, on27/03/2013 the income tax department had issued notice to my mother under section 148 for income chargable to tax for the assement year 2006-07 has escaped within the meaning of section 147 of the income tax act.

In feb.2006 I and my 3 brothers had entered into a joint development agreement with a builder.as my elder brother was expired my mother was included in this agreement with out any share in the builtup area.till now my mother has no property in her name nor any income.the IT dept. has not issued notice to we 3 brothers till now.

please clarify if the notice is issued on us, is it valid after the lapse of 6 yrs.If the notice is issued what should we do.

Dear sir/madam,
I'am CA final student and had appeared in first group exams in May'13.I'am planning to take up course on IFRS conducted by the ICAI.

Will it be beneficial to take up the above course and what are the future prospects after this course.

Please share your valuable views.

hello sir/madam,

i have a query regarding registration
for e -filing ...one of my close relative
got registered on income tax site of gov..through some one else ...but he does not know his password ...can he once again can get registered on that site.... and how plz advise ....

thanking you
with regards
himani gupta

Should I join to coaching class or articleship for IPCC Exam