I Think the contention of the auditors is right u hv to show them separately DEEPAK GADGIL FCA, DISA (ICA) Solapur 09422068273 deepakgadgil@... ... ...
Once assessment is completed the return of income can not be revised. You may refer s. 139(5). If you file a revised return after completion of assessment the...
Dear Sirs, I am not in agreement with the views expressed by Mr.T Khot. There is absolutely no harm if corporates advertise for appointing CAs through CA club....
Santanu K. Ganguli
skganguli@...
Oct 1, 2004 3:54 pm
4258
Dear Colleagues, Yes, the definition given in section 44AA will apply. Regards, Santanu K. Ganguli ... From: "Kamal Arora" <kamalarora70@...> To:...
Santanu K. Ganguli
skganguli@...
Oct 1, 2004 3:56 pm
4259
Dear Friend, In your case (when the proportionate share in land has been specified in the sale deed), my opinion is that your auditors are right in what they...
rajivca@...
Oct 1, 2004 3:56 pm
4260
Dear Sir, In what capacity you are holding the land & building ? As a developer for selling the same in future? Or as investment ? Or for use in business? ...
Santanu K. Ganguli
skganguli@...
Oct 1, 2004 3:57 pm
4261
They would be included in the definition. Please study the following paras "Specified profession" - For the purpose of section 44AA and rule 6F legal, medical,...
Vikesh Jain
vikesh@...
Oct 1, 2004 3:58 pm
4262
BlankHi, In the new IT Act published by Mashbra, it is given as like this: "The following Clause shall be inserted by the Finance (No. 2) Act, 2004, with...
JAMES ANTONY FCA
jantonyca@...
Oct 1, 2004 3:58 pm
4263
Hi, In the new IT Act published by Mashbra, it is given as like this: "The following Clause shall be inserted by the Finance (No. 2) Act, 2004, with effect...
JAMES ANTONY FCA
jantonyca@...
Oct 1, 2004 3:59 pm
4264
Hi i dont think it is possible to file revised returns after assesseent is complete bcoz the section is very clear on this aspect....
vjiyer107
vjiyer107@...
Oct 1, 2004 3:59 pm
4265
Did any body aware that due date of Tax Audit will be also extended ? vjiyer107 <vjiyer107@...> wrote:Hi i dont think it is possible to file revised...
hi, there is no provision for filing a revised return after the assessment is completed. however one can file such a return to bring to the knowledge of the...
S.RAMAKRISHNAN
srktup@...
Oct 2, 2004 8:27 pm
4267
No The reason being that even though the expenditure was incurred on behalf of the Indian Subsidiary since the income of the receipient are accruing and...
The difference between the word business and profession are in profession the predominant requirement of the activities are the human skill and involvement. ...
Dear Sir, This provision comes to effect from 1 st of September 2004 and applicable to the AY 2005-06. ... __________________________________________________ ...
hi, where any sum is received during the financial year 2004-05 after 1-9-2004 which is to be considered as income for assessment purposes, it will be ...
S.RAMAKRISHNAN
srktup@...
Oct 2, 2004 8:33 pm
4272
Now a days we find many banks and govt. as well as private financial institutions are creating Special Purpose Vehicle for Securitisation of the debt. Can such...
Dear Mr. Chandrasekar, I do not quite understand to whom your mail has been directed ? So far as I am concerned, I was simply trying to answer to queries of...
Santanu K. Ganguli
skganguli@...
Oct 3, 2004 7:49 pm
4274
One of our client is looking for part time/freelancers for marketing of various financial products such as Home Loans/Mortgage Loans, Project Finance, Working...
FYI - If the assessee is a resident and ordinarily resident (ROI), his world income is taxable in India, irrespective of where it accrued, arose or was deemed...
Dear professional colleagues, Can any body throw light on the position of applicability of Surcharge and Education Cess on the tax rates applicable to payments...
Dear all I request knowledgible group members to throw some light on the following Incoem Tax is deducted based on planned amount in the company. An employee...
Dear All, I will appreciate prompt response on the following querry on Tax Audit. FACT: An Individual having 3 proprietary concern, of which 1 proprietay...
Nimish
nimish159@...
Oct 4, 2004 8:08 pm
4279
Dear friends, This is to inform you that a judgement has come from the Bombay Tribunal in the case of Vinsons vs Third ITO reported in 89 ITD 267 where it has ...
Dear Nimish, In our opinion U should do tax audit of all three concerns and attach consolidated Tax Audit Report to comply with the provisions of Section 44AB....
There is an ICAI publication on tax audit... u can refer the same. In case of proprietory concern all the T.O has to be considered together for the purpose of...
We face the same problem in our company but as the no of employees who suffer monthly tax deductions are more the TDS refund of one employee can be set off...
Milind Nair
milindnair@...
Oct 5, 2004 6:55 am
4283
A consolidated report and fiancial statments to be attached with ROI, being the assessee is an Individual. All the transactions/incomes to be ...
VIJAY NAGARE
vcn@...
Oct 5, 2004 6:56 am
4284
Respected Sir, I fully agree with the views expressed by Mr.Shah.Education Cess and surcharge are two sides of a same coin,hence education cess is not...