a person show his income Rs. 350000 under PGBP but not disclosed P&L nd BS. IT Dept. Issue notice 143(1) nd u/s 139(9) required to submit P&L nd BS. is it required to submit P&L nd BS.

I have practice manual of SFM and FR of Jan 2016 edition. Please suggest me whether the same will work for MAY 2017 CA FINAL? Or buying a new practice manual is mandatory? Please clarify. Thanks

Need some clearity on below issue: An assessee went to abroad as a salaried employee for 1.5 years and earned income in foreign Currency and tax also deducted for the same. Now he is in India and return not yet filed for the same. Below are the questions: 1. Whether assessee need to apply for tax residence certificate to claim Tax deducted in foreign? 2. If no than when we are declaring foreign income in return by converting it into Indian currency than How we can show TDS deducted on that foreign income in return? 3.As assessee is in India and there is no scope to go again than Tax residence certificate is compulsory?

Hello, Good morning experts. I am an owner of a registered flat in Mumbai. The flat is in my single name. Now I am planning to move in suburban area in Mumbai. Now I am planning to let out this flat and myself with family go on rent to another place. My query is : 1. Can I make my current he agreement in my wife's name as a Licensor, instead of my name? Will it be hold valid in law? 2. What tax implications she would have to bear? Our strategy is clear that we will give our this flat on rent and take another on rent, so in net there are equivalent expenses for the income we generated?

Dear all

Please explain me briefly regarding service tax reverse mechanism with examples????

waiting for good answer

thanks & regards

Sappagi dass

Sir,

My friend has developed some applications and are downloaded by users from Google Play. The applications were developed with the intention that the income will be the income of my friend but for which no written document was created. The name of developer in the application is son of my friend. The income by way of advertisement is coming from Google in foreign currency converted to INR in the joint account of my friend and his son. The son is the primary account holder. My query in this regard are:
1. Whether the income so received be considered as income of my friend?
2. Whether any written document is required in this regard?
3. Whether the income so received attracts Service Tax?

I hav a HUF property and get rents from the house in my home town. Can i distribute the rental income to my son daughter and a wife so that I need not pay incometax as HUF.
Shall I have to make a WILL or with nregistered Will can i ask the tenant to pay ren directlly to my wife and son in some proportion. Is wil mandatory ? I have only one son .

Sir,
1.In a hospital, regd as company with 15 crore authorised capital ...can the same person be the MD &chairman at the sametime?
2.In an extended AGM can the board of directors pass such a resolution?
3.Is there any minimum shareholding requirement to be eligible to be appointed as above?

Pls anybody tell me full form of RCM.



thanks

Dear Expert,
Plse solve my doubt " is producer company chpt is change" . my lot of friend told me that now producer co is as per companies act 2013 instead of 1956 & there is a change in chapter.

Plse do urgently reply