I failed for d 3rd time in CPT exam in june 2014 attempt..and I m really confused that shd I continue CA or not?..people around me says that "u r not able to clear CPT den how will pass in IPCC & Final"..but I believe dat I can do CA....plzz suggest me shd I continue CA or not..?..waiting for ur rply..!

Respected Expert
One of my clients who is a salaried employee filed his return income electronically for FY 2012-13 without considereing the Interest on Fixed Deposit from which Bank deducted TDS @10%.However his income was assessable @20% .How can rectify the mistake when the asseseemnt was completed and he received Intimation u/s 143.
Thanks in advance

This is in respect of Alteration of Object Clause of the Memorandum of Association [MOA] under Companies Act, 2013. While proceeding with the matter I am facing the following problems in terms of proper compliance of Section 13 of the Companies Act, 2013:

1. Company wants to add a new clause to the main object of the Company with a view to diversify its business activity in new line of business which it thinks will be a profitable venture.

2. We are not altering the entire set of our MOA under Companies Act, 2013 but only inserting a new clause to MOA to start a new activity as the concept of OTHER OBJECT has now been revoked and also my existing OTHER OBJECT clause does not carry this activity.

3. Therefore, if I file Form MGT -14 for Special resolution passed pursuant to section 13 of Companies Act, 2013 alongwith my existing MOA [which still carries MAIN OBJECT, ANCILLARY BUSINESS & OTHER OBJECT] , then will this create any problem in approving the Form?

Please suggest.

My friend is executing certain new work with public ltd company. He is paying service tax on 40% of gross amount. under partial reverse both S.P and S.R are liable for Service tax what is tax liability of S.P. and S.R please clarify. in this case is 50% service tax to be paid on Invoice pls let me know.

Respected,

May i know which are the courses which can a CA do to improve the professional skills.
and it will improve skills in practice.

A CA Student want to take transfer from Mumbai to Kota (Raj.) in the 3rd year of articleship .
Is it possible to take transfer?

Dear All,

We had filed the Revised 26Q of Q4 of FY2013-2014. But The further we were getting Intimation of revised return for fault of revised return procedure. My question is whether the interest is levied on downloading of Form 16a for the fy 2013-14.

Pls help us........

Dear Experts,

Please guide me on below case,
One of my client sold Jewellery to local Jewellery For Rs 4 lac But he did not know the cost of purchase of that Jewellery since the Jewellery is to old , SO I request you to please guide me on the calculation of capital Gain on the above case?

Sir
One of my friend is running a school which is registered under Trust. his name is recorded as an trustee in the Bye Laws of the said school. he is receiving some honorarium from the school.
Under which source should i show that amt, and at what rate is that amount taxable?
is their any restriction on honorarium?
can any school which is registered under trust can pay anything to the trustees?

pls guide me...
thanks in advance.

Regards
Kavitha

Hi,

A return of income of a salaried employee for AY 2013-14 was filed late on 01/08/2013. The itrv was sent in jul 2014 and recd. in the same month. Now the status on efiling site is " ITRV recd. after due date".

The return has a good sum of refund pending. Most of us would wait as these ITRVs are accepted later on due to extension of last date.

But if one wants to get refund earlier or get the return processed earlier, then do one has to file a return afresh or one has to revise the earlier return? In this case return is late so it cannot be revised then What course of action is must be taken?

Kindly guide.

Thanks