Hi..
I have 3 quaries please clarify it.
1)If Company is deducting both employers and employees contribution to PF from employees then how much that employee can get deduction under section 80C.
2)Is there any concept like company is deducting gratuity from employees every month and make the payment later.
3)Can Company can deduct employers share of PF from employees.

Suppose a person is running a coaching class where his income is tution fees only. The receipt is more and expense is very less. Suppose gross receipt is less than 40 Lacs in 2011-2012 and current f.y. 2012-2013. Can he choose presumtive income (8% of gross receipt)u/s 44-AD. IF yes then what happens if he was not knowing the provision of the fact and paid advance tax in the current year 2012-2013. Further, is he allowed to get refund if he has filed previous year 2011-2012 return. Please reply

I want to sell my residential flat to a buyer for 21 lacs. It is agreed between us that he will pay me a sum of RS 4.20 lacs as initial payment in Feb 2013 out of total value of Rs 21 lacs (being 20% of 21 lacs) and the balance (80%) after date of Sale deed registration (March 2013) somewhere in April 2013. My queries are
1) Whether I have to make sale deed within 2 months from date of initial amount recd. ie Feb 2013?
2) IF Yes than If I register the sale deed in March 2013 will that be considered as date of transfer?
3) If Registration date is March 2013 and still 80% amount is unpaid and paid only in April 2013 will that be cons as date of transfer?
4)And what according to you is advisable date of transfer whether before March 2013 or after March 2013 for purp of investing in capital gains.
5) Also if i have to invest in Capital Gains A/c Scheme (CGAS)before July 31st the initial amount of Rs 4.2 lacs recd as consideration in Feb 2013 needs to be invested immediately in CGAS or can be deferred till 31st July 2013?
Please anyone revert at the earliest with a concrete soln.

hi, iam puneeth.. im really confused to study working capital management... can you help in preparing for that topic. what and all I need to conside in that chapter and what not?
please ... im waiting for your valuable piece of suggestion.
thank you.

Dear Experts

Ours is a unit in SEZ for mfg & export of gold studded jewellery / ornaments. We do not do DTA sales at all. But we do job work of a unit in DTA. They give us Raw Gold & Stones. We purchase Diamonds from them and then we do studding of diamond & stones & make ornaments for them.

Now as per income tax, income by way of labour charges done for a DTA unit is exempt under 10AA ? We have already got the permission for Mfg as well as doing job work from the Development Commissioner, SEZ.

Please guide with citation.

regards

anckoora-9510221768

Please suggest the best books to refer for IPCC Group-1. My entire preparation will be based on these books, as I haven't attended any coaching classes.
Thank You.

sir,my result shows no record found for revaluation process and inspection process which i had applied for nov 2012 final examination putting me in dilemma indeed.please tell me are results of revaluation announced and if yes why is my result shows no record found

Why we generally issue of shares at discount is prohibited??

My query is can a ca other that the statutory auditor of company digitally sign its ROC return and upload it.

If a house is purchase in joint names and the agreement is silent on share of each owner then can it be assumed as 50% share i.e equal in case of 2 co-owners.....even if entire payment is made from one of the owners??