itr was e-filed, return processed and refund is allowed, but same is not remitted due to discrepancy in bank account number. CPC advised to put refund re issue request for which CPC communication number is required whereas intimation u/s. 143(1)(a) is not received yet, w.e.f. my e-mail id is changed from indiatimes to g-mail as indiatimes has stopped its services. The request to resend the intimation was put on 10th feb but the same is not yet received. please guide.

My doubt is that lets say I buy a machinery on 10th october....So as per rule I have to calculate depreciation @ 5%. However while calculating this what do I take the number of days as? Full 12/12 or actual number of days?

Again if I am selling as asset from within the block of assets during the year, then do I have to calculate the depreciation for asset sold for part of the year for which it is used or do I directly deduct its sales proceeds from block of assets and charge depreciation on balance? Also what if along with sale I have also purchased an asset during the year and that too after October..Do I then calculate depreciation on remaining block of assets at half the rate for the new assets and full rate for remaining???

How are the above entries recorded in the books of accounts? Is it recorded as per income tax method or is it recorded as per normal method wherein we calculate depreciation on basis of exact number of days keeping aside the 180 day and block of assets rule?

in regards to Income arising to the spouse from an asset transferred without adequate consideration [Section 64(1)(iv)],the section says Where the assets transferred, directly or indirectly, by an individual to his spouse are invested by the transferee in the business, proportionate income arising from such investment is to be included in the total income of the transferor. If the investment is in the nature of contribution of capital, proportionate interest on capital will be clubbed with the income of the transferor. Such proportion has to be computed by taking into account the value of the aforesaid investment as on the first day of the previous year to the total investment in the business by the transferee as on that day. please explain the last sentence regarding proportionate income...can we say that amount to be clubbed=investment by transferee as on 1st day of p.y divided by total investment of business(including other peoples investment ) multiplied by income of business

R/sir,mam




i get my reg no on 28 feb 2013. i m reg through direct entry . some body say me before start your practical training u have to done itt and orientation progrem. sir / mam plz help me i very confused what i do now

Sir,
I am currently working as an article assistant in a ca firm from
01 september 12. I have cleared group 1 of Ipcc. I got myself registered for CS in August 2012.
I did not fill the same in form 112. Now what should i do??

my wife was a bank employee and had purchased nsc adding me as a joint holder in 2007. she died in november last year. i being a joint holder encashed the certificate in february 2013. do i pay tax on the maturity value.

Hello. I want to know where does Grant Thornton stand.. ?? What about its Delhi office? Is it recommended for Articleship??

Let me know the leaveperiod during articleship under directentry scheme? Also i wnt to know whether weekend holidays and public holidays will be counted as leave or not?

In one of the case for AY 2010-11 while filing the income tax return there was a mistake in giving a self assessment details.
The CPC processed the return and given a notice there is no such a credit amount in your account and raised a demand. So what can i do now? the assessment has not been completed till now. but the return was processed by CPC.

In my company one of the don't person don't have a pan card.but his salary this time will exceed the actual slab rate Rs.2lak. We have to deduct TDS now.So what we can do now.
If we have to deduct tax for the feb month salary.Because if we apply for pan it will take one month time.So if have to deduct tds now means how much have to deduct.how can i file a tds return