whether Income tax return filling charges is allowed as an deduction or not.Give me case law
Can u jst help me on this.....whethet Share Application money can be shown as a Reserves & Surplus as per Sch.VI or it can be shown on face of Balance sheet seperately.
What is the meaning of participatory notes?
What is the meaning of Quasi fixed assests?
Dear All From Today onwards I will Ask one question Daily from Direct Taxes. Dont think that i know the answer.
If possible please reply the source or relevant case laws for the answer:
Q. Whether in an assessment to which presuptive taxation u/s 44AD of Income Tac Act Applies, can AO make addition to income on the basis of admissions made by Assessee in Survey proceedings.
Q. A Practiicng CA go to USA for doing MBA, and he claimed the expenses on trip to USA as well as Expenes on stuides as deduction against his income from Profession. AO disallowed the above expenditure on the ground that MBA was altogether a new qualification, which had no connection with the profession of CA. Discuss.
Dear Sir,
I am going for interview tomorrow for following profile.
Intercompany accounting ,closing of books,acccounting of Fixed Assets,running depreciation.
Please give some notes/articles for preparation.
for e.g. content of intercompany accounting & normal practices.
how to calculate depre & accounting entries etc
thanks in advance
Hi, I was a pension optee ( in lieu of PF as per some 1995 act, it was compulsory) in LIC and resigned last year after 12 years service. I recieved only my contirbution to the Pension/PF and the entire employer's equal contribution was not returned to me. I do not understand the provisions of the act, and what to know if I will ever get the employer's contribution back someday. This seems to be something peculiar to LIC and no one seems to know what exactly is happenning.
Is there any way of getting the money now or as pension after a few years?
As per circular issued by cbdt one do not required to deduct tds on service tax portion of invoice u/s 194I as it is not considered as income of receipient , but if the assessee get a lower deduction certificate from AO even in that case this circular hold good , means even in that case also we have to deduct tds at lower rate only on basic amount of invoice excluding service tax portion or in that case we have to deduct tds on whole amount including service tax portion???
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Income tax return filling charges