Sir,
Please make me know If person gets arrears after his retirement. Is Arrears received by him will fall under Tax as per calculation of relief U/s 89 if he gets -ve effect from this mean he is liable to pay more tax as per calculation of Relief U/s 89 retrospective basis.
Expl:

Arrear recieved Rs.807000/- in F.Y. 2012-13 Assessee have Income of Rs.180000 this year.
Arrear Recieved for the
A.year 2007-08 Rs.280134/-
A.year 2008-09 Rs.308220/-
A.Year 2009-10 RS.219154/-

that time person was in 30% slab rate.
Now he have income of Rs.180000/- Only.

As per reciept basis Tax Will be Rs.278179/-
As per Accrual basis Tax will be Rs.378877/-
Will assessee be liable to pay tax for the retrospective period also or he can calculate tax by adding arrears in this year income.
Pls suggest.. Can we ignor the relief sec. 89 and pay tax as per reciept basis ????

Pls suggest as soon as possible ??
Lovish Dhingra
9888444873

Sir,
As i am in class 12th currently.
should i go for CA with course of b.com(a&f).i m confused, is there benefit with b.com a&f in ca

dear all

i have a doubt regarding exemption of paper when we score 60 in that paper, is that applicable only when we attempt all 7 subjects in IPCC at once or is it applicable, even when we write two groups separately.
pls reply , i have to go for may 2013 exams.So that i can prepare according to that.

PLEASE EXPLAIN CHANGEABILITY OF PROFESSIONAL TAX..

Dear Experts,

One of my client being a Registered Partnership Firm having 4 Partners engaged in Manufacturing activities.Out of 4 Partners 3 are Male Partners & 1 is Female Partner. As per Partnership Deed clause that Interest is to be provided on Partner's Capital @12% p.a.as agreed among the partners mutually for each F.Y.Accordingly the Firm only provides the Interest on Female Partner's Capital at the end of each F.Y.

Now query is whether the same is tenable under law i.e. both as per Indian Partnership Act & Income Tax Act or have to provide interest on all Partner's Capital at end of F.Y. Moreover if any adverse consequence from the Tax Point of view in future by following the same practice i.e. only providing interest on female partners's capital Balance at the end of each F.Y.

One firm whose total sale are Rs.1512147 and profit is below 8% around Rs 165254 so , in that case Tax audit applicable to firm u/s 44AB. They do not file their return u/s 44AD. Reply as soon as possible.

Dear Sir,
One of the assessee runs his buses under contract with U.P. Roadways. Driver salary and Diesel expences are beared by the assessee and U.P. roadways pays on the per K.M. basis.

Now please advise me that whether the above case involve the transfer of right to use or not.
If not then please provide me case law in this respect.

Thanks and regards.

Service tax Limit for doctor

My one friend told me that A/C'ing is a Language, but i am confused with this statement.

I think it is the method of representing financial Data and enable the users to frame their decisions on such represented evalution like math and science....

what are your comments for the same

As per my ITR for the assessment year 2012-13 submitted thru E-filing to CPC, I am supposed to receive a Refund of Rs. 34,157/- which however has not been received till date. On querying E-filing portal i.e. https://incometaxindiaefiling.gov.in/, it is found that a Tax Credit Mismatch is indicated.

As claimed in ITR, full TDS was duly deposited to the IT Authorities under two TANs, viz. DELN09126F & DELN09127G. However, there is a Tax Credit Mismatch between my Form 26AS and Total TDS deposited. TDS deposited under TAN DELN09127G has inadvertently has been missed out by the system.
I have written to CPC, Bangalore but no change in status.
What are the options available with me to get this thing resolved?