SURESH (STUDENT) (28 Points)
17 May 2011HIIIIIIIIIIII FRIENDS I M CA FINAL STUDENT ...I HAVE COMPLETEED MY 3.5 YEAY ARTICLESHIP WITHOUT ANY EXCESS LEAVE BUT MY BOSS DO NOT RELIEF ME AND HE ASKED "YOU WORK WITH ME UP TO SEPTEMBER AND IF U R NOT WORK WITH ME THEN I CAN NOT SIGN YOUR 108 " PLS SUGGEST ME WT CAN I DO????????
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
He legally cannot force u to work against ur will......if he doesnt sign thn threatn him tht u can ask ICAI to interfer by communicating d facts ....n hll com running aftr u......try it...since ur freed frm HELL ....no need to get panic....don get afraid.....
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
| Originally posted by : TusharSSampatM.Com CA,CS-FINAL | ||
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He legally cannot force u to work against ur will......if he doesnt sign thn threatn him tht u can ask ICAI to interfer by communicating d facts ....n hll com running aftr u......try it...since ur freed frm HELL ....no need to get panic....don get afraid..... |
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Its a request not you use such words like "Hell" for articleship on this professional club. It is the articleship only that makes our foundation for our professional career may it be practice or may it be job in industry. So please maintain decorum of the club.
On suresh's problem,
your employer cant force you to work till september, but he can only request you. Further, it is upto your discretion whether or not to accept his request. The remedy is that, keep ready the evidence of your articleship completion like a copy of attendance register, the details of stipend received alongwith calculation so that you can prove your side. With these evidence ready, you can approach the Institute. But keep one thing in mind, this is the last remedy for you. First settle the matter with requests and discussions with the employer.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
@ Amol sir !
u r right nt to use suc words nt only on CA CLUB bt any whr ...bt wat suresh's SIR is doing is it less thn wat is don in hell.......u ask ur heart n reply whtr or nt this a legal blckmailing.....n whthr suc members deserves any respect.......whn stud first of all is workin hard behind passing d final exm...n whn u com across suc situation u cant stoop ur self frm using suc words... sorry fr d words used......bt this d fact/.....
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
@ Tushar
What I mean to say is that, whatever be the acts of other people, we should not lose our temper and dignity. Nothing apart from that. Ok, the boss is trying to be selfish at this point of time. But, ask him, whether he had no good experiences in articleship. There are good and bad things around us and in the whole world. Its upto us how to get the right things done without losing our temper and dignity.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
Agreed wit u sir n sorry once again.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
Arey No.. dont be sorry for me. We are clubmates and no need to say sorry to me. I was just suggesting to maintin the decorum of the club.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
Sir whn we are lookin at senior members for knowldege n their guidance ....n whn we com across suc situation frustration is bound to com out.......nothing personal sir...
sir i hve doubt regading Icometax...sir can u pls solve it....ur suggestion wll of immense help.....pls sir
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
Yes please, ask the question.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
We have a new client age 79 yrs.Uptill now she has never filed any Return as she is a house wife and had no personal income.In the FY2010-2011 she recieved the following amt for sale of land (taxable as per IT definition) whic she inherited frm ancestor.
35,000 ,Rs35,000 etc during the whole yearat specified interval as an advanced till total reached Rs7,00,000/- as cosideration of sale. But actual trf of ownership did nt take place untill 30.3.2011
Qurries are as follows :
1.
She had invested whnever money was rec inFD for short term period & after 1.4.2011 7,00,000 will be invetsd in SEC54EC-NHAI BONDS for exempetion. so som amt is still in fd s thn whth "Int on fds shld be taken on "ACCRUAL basis or RECIEPT basis
considering this is d first tim she filint ITR and has no other incom?
2.
She did nt pay advance tax(during FY 2010-11) as she was going to invets the whol cosideration in NAHI bonds.
Whther ANY INTREST WILL BE LEVIED U/S234B/C?
WHEHER ANY PENALTY IS LEVIABLE for non payment of ADVANCE TAX condiering that after investing in NHAI bonds ther in no tax payable i.e. NIL tax comes after calculating tax on Total income ?
pls reply n thnxx in adv.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
1. FD interest income will be taken on accrual basis irrespective the fact that this is first return.
2. Advance tax and interest thereon are applicable only when the tax payable is more than Rs. 10000.00 In your case as the whole of proceeds are invested in NHAI bonds thereby claiming exemption, then there wont be any incidence of tax. So, there was no need to pay advance tax nor there will be any penal provision for the non-payment.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 17 May 2011
Thnk u sir for ur valuable reply!
Bt fr ur 1st ans under the head income from other sources ,asessee is allowed to follw either of ACCRAUAL OR CASH system of accounting which is regularly followed by the asessee .
since here ther is no q or regulaity of method of a/cing bcoz shes 1 timer IT return filer.......so my q is y cant i apply cash syst of a/cing......is ther ny such express Provision/Rule/Circular/Notification/Case law whic debars d asessee frm application of Cash System of a/c.
Wat r ur views on this q
Thnk u sir once again!
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 17 May 2011
I agree that the assessee is allowed to follow accrual or cash system of accounting which is regularly followed by him. But now a days, after applicability of tds provisions, suppose tax is deducted on interest on fd, then the interest has to be shown in the year of accrual or otherwise the assessee wont get TDS credit. So, keeping this in view, i suggest accrual system for interest received irrespective of the fact whether tax is deducted or not.
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