One of my client who is a doctor is currently earning income by way of salary from a nursing home. As His income is more than 25 Lacs p.a. from salary, we are exploring to cover payment under professional income by entering into a retainer ship agreement with the nursing home. The Doctor wants to take benefit of newly inserted section 44ADA. As per my understanding on the basis of plain reading of law as some case laws this thing is prone to litigation. However as per decision of ITAT, Chandigarh in case of Fortis Hospital V/s ACIT, this benefit can be taken as long as we can show there is no employer employee relationship. My query is that if we take benefit of section 44ADA in such a case is there any issue, as the Doctor will be exclusively associated with a particular hospital, generally his expenses would be less than 50% of receipt as he does not own any setup of his own, services are to be provided at nursing home premises only. Is it advisable to do so. Please guide

I registered for ipcc on nov 2016 and I am to write my ipcc exams on nov 2017...due to some issues delayed...is it fine to use the study material which are a year old?Or should i buy the new ones?guide me please.

Need to file return for FY2014-15, will I have to pay a penalty. I have only salary income with right TDS amount having been deducted by employer for India income. I was in Japan for 3 months during this year, how does that income get considered. Please provide information for this.

P1stays in mumbai has inherited a amount FD from his brother in Anjar( Gujarat state) , who is deceased and had put P1's name in nominee , is it necessary to register a gift deed? if yes then please tell me the procedure please tell me whether mere having nominated in FD can d nominee become legal owner of the amount?

I am working as Software Consultant to foreign clients. I receive Forex remittances for two purposes:
1) Consultancy Fee
2) Reimbursement for out of pocket expenses
Question is What should be the Purpose Code for transaction of type (2) ?

Trust want to close the operation as it has no such charitable activities but it has spent such expenses up-to Dec 2016. Trust want to transfer entire bank balance to another similar charitable trust Is it necessary to file the IT returns for expenses incurred up to Dec 2016 in the I T return for the At 2017-18?

Dear Experts, One of our client (Fashion Designer) has started his business from Apr 2014. He took Service Tax Registration on apr 2014(on commencement of business itsef). But he has not collected ST from his customers. Gross receipts for FY 2014-15 and FY 2015-16 was less than 10 Lacs. Till now the client has not filed any ST Returns. My query is Can we file ST-3 now for the above mentioned years claiming Small Service Provider Exemption or Ignore it & file the return as and when ST is being collected? Suppose if we file ST-3 now for the past period will late filing fee be levied? Any chances for avoiding that late filing penalty?? Pls suggest ur opinions. - CA.S.Raja

Dear Experts
Pls clarify weather schedule v is partly applicable to pvt. Ltd. Company. My query is :- how much maximum remuneration a pvt. Company can pay to its directors in case of inadequate profit

Regds
Mukesh

A XYZ Pvt Ltd company deducting TDS u/s 194j for receiving electricity from ABCPower Ltd company.
XYZ company deducting TDS u/s194j by considering technical fees for every month.
Apart from above ABC company Ltd charging yearly as Annual Subscription Charges to XYZ Pvt Ltd.
Now my question is that the Annual Subscription Charges comes under which section
1) 194C
2) 194J
3) 194I
( but on invoice there is no word indicated " Works" )
or can we deduct TDS 194I considering as rent of Plant & Machinery

Thanks

Hi sir my query is about house rent paid regd. Mr. Chandru is a Senior citizen but he is employed after retiring of service. He earning salary of Rs. 68000/- per month as a manager but his employer not deduct any tax in his income. Chandru paid the tax his income and he is in rental house he paid Ra. 6000/- rent per month my query is can Mr. Chandru can claim a HRA on his income tax return. please give me clarification regarding this guery