Respected Sir/mam,
I cleared my IPCC in Nov2011.Now i am going to write cwa inter in june 2013.I am not yet filed form 112.can i file it now??

A Private Education society runs a day cum boarding school for all sections of society. Is it liable to pay Income Tax on its receipts deriving from imparting education?

Is there any compulsory need to maintain the ‘Annexure Challan’ and ‘Subsidairy Challan’ under Rule 4 (5)(a) of CENVAT Credit Rules 2004?

HI,
IF AGRICULTURAL LAND IS SOLD DEN THE GAIN EARNED FROM SALE OF THE LAND SHOULD BE SHOWN UNDER WHICH HEAD . SINCE AGRICULTURAL LAND IS NOT A CAPITAL ASSET SO IT CANNOT BE SHOWN IN CAPITAL GAIN ..... CAN ANYONE GUIDE ME WHERE SHOULD I SHOW THIS INCOME AS EXEMPTED ?????

DEAR SIR

PLS. NOTE , OUR TURNOVER FOR THE PERIOD 1-4-11 TO 31-3-12 IS RS. 57 LAKH ONLY, BUT OUR C.A. HAVE TAX AUDITED OUR BALANCE UNDER SECTION 44AB.

IN THE CURRENT YEAR,i.e. 1-4-12 to 31-3-13, we have got some job work done from outside, wherein the single invoice value of the job work is more than Rs. 50000/- and gross amount of the job work got done during the year so far is about Rs. 2.50 lakh.

Pls. inform , are we liable to OBTAIN TDS NUMBER AND DEDUCT TDS, on these job works got done during this year.

we had been told by some practitioner that , since our last year turnover is less than Rs. 60 lakh , hence currently we are not liable to OBTAIN TDS NUMBER AND DEDUCT TDS.

KINDLY INFORM THE COORECT POSITION AND OBLIGE.

BRGDS

V K GUPTA
vkg2003@hotmail.com

I participated in an international software contest in which the organiser company awarded the money based on how many times a participant's software was downloaded by people worldwide. The contest lasted 4-5 months and my software was downloaded most no. of times worldwide by general public so I was awarded the money by the organiser company.

Now my questions are:

1. Will the money I receieved be considered under lottery? (Since there was no lucky draw, there was no judging panel, only lakhs of common people determined who wins and it took lots of efforts from my side to market the software worldwide so I think it should not be considered a lottery).

2. If we consider this as a professional service and pay professional tax then do I have to pay income tax also?

3. In any case, can I get tax exemptions (based on my costs of developing the software, equipment, marketing cost etc.)

I'm an Indian citizen and am self employed. The organiser company is Korea based but they do have their office in India. I developed the software in India and received the money in India.

Kindly advice.
Thanks
Gagan

Dear Expert,


My name is Rajmani Bhattarai. I have registrated for Final and for Articleship on October, but till date I have not received any registraion letter neither I have got Articleship registraion documents, because of this I have not received any journal published by ICAI.
I have sent alot of mail to ICAI also but it make no difference.


Please help me on this.

its urgent please help,
I have cleared my IPCC both group in nov 2012 attempt and now, I want to know what is the registration fee I have to pay?,which form do I have to fill? also, do I have to register for final right now only?
I have paid 2000 toward article training on the time of IPCC registration.

Dear Sir,

My housing loan EMI started from Aug 12 & i got possesstion of my House in Mar 13. Can i cliam both benefits of HRA & Housing loan Interest for Aug 12 to Mar 13.

SIR,
ACTUALLY WE PAID PROFESSIONAL FEE TO OUR ARCHITECTURE ENGINEER ABOVE 40,000/- THOUSAND IN TOTAL THREE BILL BUT WE CANT CUT TDS PREVIOUS TWO BILL BECAUSE WE ARE NOT CONFIRM GROSS FEE WITHIN YEAR BUT INCLUDING LAST BILL THERE IS TOTAL FEE ABOVE 30,000/- 194J SO I CONFIRM CAN I CUT TDS ON ALL AMOUNT AT THE TIME OF LAST BILL PAYMENT
IT MEAN (40000*10%=4000)THERE IS ANY TDS ON INTEREST MATTER PLEASE TELL ME IN DETAIL.
1ST BILL 12000/- NO TDS CUT
2ND BILL 5000/- NO TDS CUT
3RD BILL 23000/- WHAT TO DO
IN FY 2012-2013