Hi,
the assessee was working as a sales manager in icici prudential life insurance and drawing a salary of rs 6 lac per annum and the assessee has suffered a loss in derivative market of rs 600000 approx. the assessee has not filed his income tax return in that financial year but after receiving a notice u/s 148 , return is filed with interest. Now the case is selected for scrutiny u/s 143(2)and AO want to make a addition of Rs 200000/- u/s 68(unexplained cash credit). My question is that if AO makes the addition of RS 200000/- can i get the benefit of Set off from my business loss of Rs 600000/-. because the business is set off against any other income except income from salary.

Thanks

Hi All,
I need your help.
My question is regarding a property own by my Tayi Ji & she would like to gift a property to my mother. So i would like to know how we can do it? & is there any Tax involve which do we need to pay?
Kindly reply asap.

Best Regards,
Rahul,
Delhi

is a ca-cpt pass student eligible for cs executive exams???

Dear Sir

Please guide me regarding Accounting treatment of Exp. If 15000 paid towards Water Chartges then in what head the entry be treated ?

Mr. A purchases goods from Mr. C. In order to get delivery of the goods, Mr. A hires Mr. B (Goods Transport Agency). Transport charges are thus incurred and paid by Mr. A.

Mr A – the consignee, Mr. C – the consignor and Mr. B – GTA, all are proprietary business firms.

Who is liable to pay service tax in this case?

What if the GTA issues consignment note saying that the service tax is payable by the consignee?

I am completed my CA-Articles but i didn't complete my CA-PCE now i want to write the exams is there any possibility to write the exams?
In May 2013 examination notification ICAI will not announce about the PCE.
Is there any possibility of conversion from PCE to IPCE?
If there is a possible how much fee i should have to pay?

Please clarify my query.

I have a computer software, which is update every year. So, the updatation fees/charges which A/c to be debited. Is it Computer Software[Asset] or Technical Service[Ind. Expenses]. Plz help me.

Thanks in advance

Dear Member, please provide me the format of AGM Minutes of a Private Limited Company.

Dear Sir,

We are paying remuneration Re. five thousand per month is tds deductible.

Please reply

Dear All,

I want to know, what is the time limit to pay remuneration to director? In our Accounts it is showing as liability of the Company. it means the Co. not yet paid the remuneration to director?

so wud u pls expln. me....?

and what are the steps to be done for increasing the same... ?

thanks,
siddhi