Dear Sirs, please guide me if i can compute my income in following manner. I do not wish to opt for audit u/s 44AD & still claim a loss from speculation business. Following is the situation. I have 3 business. 1. Tutions( total cash reciept being 275000) 2. Share trading ( Turnover being 10.75lacs & loss being 15000) 3. Speculative business ( turnover being 3lacs & loss being 1.65 lacs) In the above situation, can i offer tution income & share trading business clubbed toghtre u/s 44AD where total turnover/reciepts will be (15.5lacs) @ 8% resulting in income of 1,24,000 & claim loss from speculitve business without offering it u/s 44AD. In the above situation, my total income shall still remain withing basic exemption limit & i would thus not be required to opt for audit & can still claim loss to c/f. Is the above logic that ive used correct? If not, any alternative? Please reply at earliest

sir i have got a job in top ca firm in india as a article assistant in IDT department and they are telling me that i'll only do IDT work for the next three years of my articleship so sir i wanted to ask that should i take up this job and specialize in IDT or look elsewhere ....... and if yes is there any scope in future as a CA if i specialize in IDT .... it would be very thankful if u could help me.

sir i have got a job in top ca firm in india as a article assistant in IDT department and they are telling me that i'll only do IDT work for the next three years of my articleship so sir i wanted to ask that should i take up this job and specialize in IDT or look elsewhere ....... and if yes is there any scope in future as a CA if i specialize in IDT .... it would be very thankful if u could help me.

Sir, I am a CA final student and I want to work in a bank. I found that very few ca students go in the banking sector as a specialist officer.I wanted to ask whether I should go in the banking sector or not?

Dear Sir

one of my friend do treading work not registered dealer return filed for self PAN Number.

his total sale :-f/y 2013-2014 :-2376000/-

& Purchase :-2106000/-

which ITR form is applicable & how much tax liable,

Sir,I have given my 5th attempt of CA finals in may 2014 and now waiting for results.I wanted to ask whether companies and banks are selecting only students passed in 1st and 2nd attempt?Do I have any chance of getting job in banks or mnc if I get pass in this attempt?

i am filing ITR-1. i have recd Saving bank a/c interest rs 8000/- and PPF interest rs 10000/-. its necessary to show in my return above interest as income.

Res. Sir,

I HAVE FILLED ITR 1 OF MY CLIENT AS HE IS DOING JOB IN PRIVATE ENTERPRISE, LATTER ON IT FOUND THAT TDS HAS BEEN DEDUCTED FROM HIS ACCOUNT U/S 194C DURING THE YEAR. THIS INCOME HAS NOT BEEN SHOWN IN RETURN AS HE HAS NOT RECEIVED FORM 16A FROM THE DEDUCTOR.

NOW IT IS REQUIRED TO REVISE THE RETURN, CAN I REVISE THE RETURN USING ITR 4 INSTEAD OF ITR 1 ?
HOPES FOR THE QUICK AND POSITIVE REPLY.

THANKS.

sir,
leave encashment is taxable or not in case of switching of job from one to another.
for ex-
mr. X works somewhere but resigns from there nd now he joined in co. Y nd recieved leave encashment of Rs. 30000 from previous employer . is this leave encashment is taxable or not?

eg. I have paid. 25000 as advance and receive recharge balance of 26000 and also get commission of rs 150 please prescribe accounting entry of whole situation.