Dear sir,

I am Ca final students. My exam due in Nov. 14. Kindly suggest imp chapters in all subject for Ca final. So, I focus on first.

Sir
In the year 1998 our Partnership firm "Urvashi Real Estate" applied PAN and received as AAACU6223A. there was wrong interpretation C as company. Since than we have been filling IT return.

Now we have changed the PAN as AADFU3829J in the middle of FY 2011-2012.

Problem arised when we paid advance tax in AAACU6223A and filed IT return AADFU3829J.

WHAT DO WE DO TO INTIMATE INCOME TAX DEPT?

is it require to mention CIN on Balance sheet also?

Hi, my company is having 6 factories and there are sale & purchase of semi-finished and packing material products between these factories.

CURRENT PRACTICE:
We pass 3 entries because we have Head Office (HO) and 2 factories.

1. at HO we pass
Buying Factory A/c - - Dr To Selling Factory A/c

2. at Selling Factory we pass
HO A/c - - Dr
To Buying Factory

3. at Buying Factory we pass
Selling Factory A/c - - Dr
To HO A/c

My question is whether this long procedure is right & is it required? Why we cannot pass only 2 entries showing buy & sell at Factory itself without involving HO because anyhow we need to prepare individual financials of factories. Is there any alternative for this?

And the same practice we follow for TDS, there we transfer TDS of all factories to HO as follows -

1. at HO we pass
TDS A/c - - Dr
To Bank A/c

After this entry we pass

2. at HO again we pass
Factory A/c - - Dr
To TDS A/c

3. at Factory we pass
TDS A/c - - Dr
To HO A/c

My question is same is it right or there is an alternative like directly paying from factory bank a/c and passing the entry without involving Head Office (HO)?

PLEASE HELP ME . . .

when I am filing of ST - 3 for FFMC business and put the value as 0.12 in the column B1.16 because specific rates are applicable for FFMC business, I am getting error that "Please enter numeric value of less than or equal to 12 digits". In that case how to file the return?

dear sir please suggest.
male(age 40 years)

if total income after 80c deductions =272398
what will be the tax payable amount after rebate u/s 87a

Dear Sir\Mada,
It is well known that TDS on professional fees is covered under section 194J that is 10% on total fees. I would like to clear a thing that is bill amount is Rs-11236/- ((10000+1236(services tax)), so TDS will deduct on whole amount of Rs-11236/- or exclusive the services tax amount that is only on Rs-10000/-.

Sir,
One of my client, I had file his IT return for A.Y.2009-10 electronically. We have received an intimation u/s 245 of Income Tax Act, 1961 there was outstanding demand Rs. 160542. This is to bring to your kind notice that my employer has deducted TDS of Rs. 160542 and provided me form 16 for the AY 2009-10 but not reflecting in 26AS of the department site. Please advice me to get it.

Thanks
Brij Kishor

Dear Experts,

I filed form 21 in respect of a public limited company in order to obtain certificate of commencement of business.

The SRN for the same is approved but soft copy of the certificate is not generated as there was no option online to get the same.

I filed online complaint on MCA portal which is closed today with remarks - "there is no provision for certificate of commencement of business under companies act 2013. please verify"

Someone told me that certificate of commencement of business will be mailed by MCA directly at company's registered office.

Kindly guide as to which statement is correct - Is certificate of commencement of business is applicable to public companies under companies act 2013 or not?

Thanks alot in advance

Assessee is engaged in trading of shares & securities and profit for such trading business is chargeable to tax under the head profits & gains of business or profession.

Query:
1) Whether dividend earned on equity shares held for trading is business income or income from other sources.
2) Whether such dividend will be taxable if share trading is considered as business income considered as business income.